Attica Holdings (ATH:ATTICA) Cash-to-Debt : 0.18 (As of Dec. 2023)

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What is Attica Holdings Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Attica Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.18.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Attica Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Attica Holdings's Cash-to-Debt or its related term are showing as below:

ATH:ATTICA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.19 Max: 0.26
Current: 0.18

During the past 13 years, Attica Holdings's highest Cash to Debt Ratio was 0.26. The lowest was 0.09. And the median was 0.19.

ATH:ATTICA's Cash-to-Debt is ranked worse than
73.58% of 969 companies
in the Transportation industry
Industry Median: 0.48 vs ATH:ATTICA: 0.18

Attica Holdings Cash-to-Debt Historical Data

The historical data trend for Attica Holdings's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Attica Holdings Cash-to-Debt Chart

Attica Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.26

0.20

0.18

Attica Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.20	0.15	0.18	0.21	0.18

Competitive Comparison of Attica Holdings's Cash-to-Debt

For the Marine Shipping subindustry, Attica Holdings's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Attica Holdings's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Attica Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Attica Holdings's Cash-to-Debt falls into.

Attica Holdings Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Attica Holdings's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	103.461	/	(239.061	+	349.432)
	=	0.18

Attica Holdings's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	103.461	/	(239.061	+	349.432)
	=	0.18

Attica Holdings (ATH:ATTICA) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Attica Holdings Cash-to-Debt Related Terms

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Attica Holdings (ATH:ATTICA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Attica Holdings SA (ATH:ATTICA) » Definitions » Cash-to-Debt

Traded in Other Exchanges

AAE1:Germany

Address

1-7 Lysikratous and Evripidou Street, Kallithea, Athens, GRC, 17674

Website

https://www.attica-group.com

Attica Holdings SA provides ferry services in the Eastern Mediterranean Sea. The company provides its services through a fleet of modern and technologically advanced vessels, providing transportation services for passengers, private vehicles and trucks. It operates its ferries under the brand name Superfast Ferries and Blue Star Ferries, and Hellenic Seaways. The company's geographical segments are divided into domestic and international routes. The majority of the revenue is generated from domestic routes, and the revenue is generated in the form of Fares collected as well as on-board sales.

Attica Holdings (ATH:ATTICA) Headlines

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