Corporacion Aceros Arequipa (LIM:CORAREC1) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Corporacion Aceros Arequipa 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. Corporacion Aceros Arequipa's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Corporacion Aceros Arequipa could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

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

LIM:CORAREC1' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.21 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Corporacion Aceros Arequipa's highest Cash to Debt Ratio was No Debt. The lowest was 0.21. And the median was No Debt.

LIM:CORAREC1's Cash-to-Debt is ranked better than
99.65% of 577 companies
in the Steel industry
Industry Median: 0.44 vs LIM:CORAREC1: No Debt

Corporacion Aceros Arequipa Cash-to-Debt Historical Data

The historical data trend for Corporacion Aceros Arequipa'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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Corporacion Aceros Arequipa Cash-to-Debt Chart

Corporacion Aceros Arequipa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

0.21

No Debt

Corporacion Aceros Arequipa Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.21	N/A	No Debt	No Debt	No Debt

Competitive Comparison of Corporacion Aceros Arequipa's Cash-to-Debt

For the Steel subindustry, Corporacion Aceros Arequipa'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.

Corporacion Aceros Arequipa's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Corporacion Aceros Arequipa's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Corporacion Aceros Arequipa's Cash-to-Debt falls into.

Corporacion Aceros Arequipa 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.

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

Corporacion Aceros Arequipa had no debt ⁽¹⁾.

Corporacion Aceros Arequipa's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Corporacion Aceros Arequipa had no debt ⁽¹⁾.

Corporacion Aceros Arequipa (LIM:CORAREC1) 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.

Corporacion Aceros Arequipa Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Corporacion Aceros Arequipa's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Corporacion Aceros Arequipa (LIM:CORAREC1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Corporacion Aceros Arequipa SA (LIM:CORAREC1) » Definitions » Cash-to-Debt

Traded in Other Exchanges

CORAREI1:Peru

Address

Carretera Panamericana Sur Km. 241, Paracas, Pisco, PER

Website

https://www.acerosarequipa.com

Corporacion Aceros Arequipa SA is a Peru-based company that manufactures, distributes, and markets iron, steel, and other metal products. Its product portfolio consists of rebar, flat bars, merchant bars, coils, sheets, tubes, and corrugated sheets, among others. The firm's products are used in construction, mining, heavy metalworking industry, and others. Geographically the majority of its revenue comes from Peru.

Corporacion Aceros Arequipa (LIM:CORAREC1) Headlines

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Corporacion Aceros Arequipa (LIM:CORAREC1) Cash-to-Debt : No Debt (1) (As of Mar. 2024)