Piraeus Port Authority (LTS:0FHO) Cash-to-Debt : 2.12 (As of Dec. 2023)

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What is Piraeus Port Authority 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. Piraeus Port Authority's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.12.

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, Piraeus Port Authority could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

LTS:0FHO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.59 Med: 0.93 Max: 2.12
Current: 2.12

During the past 13 years, Piraeus Port Authority's highest Cash to Debt Ratio was 2.12. The lowest was 0.59. And the median was 0.93.

LTS:0FHO's Cash-to-Debt is ranked better than
78.53% of 969 companies
in the Transportation industry
Industry Median: 0.48 vs LTS:0FHO: 2.12

Piraeus Port Authority Cash-to-Debt Historical Data

The historical data trend for Piraeus Port Authority'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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Piraeus Port Authority Cash-to-Debt Chart

Piraeus Port Authority Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.86

0.95

1.23

1.67

2.12

Piraeus Port Authority 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															1.23	1.48	1.67	1.78	2.12

Competitive Comparison of Piraeus Port Authority's Cash-to-Debt

For the Marine Shipping subindustry, Piraeus Port Authority'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.

Piraeus Port Authority's Cash-to-Debt Distribution in the Transportation Industry

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

* The bar in red indicates where Piraeus Port Authority's Cash-to-Debt falls into.

Piraeus Port Authority 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.

Piraeus Port Authority'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)
	=	202.476	/	(7.382	+	88.278)
	=	2.12

Piraeus Port Authority'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)
	=	202.476	/	(7.382	+	88.278)
	=	2.12

Piraeus Port Authority (LTS:0FHO) 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.

Piraeus Port Authority Cash-to-Debt Related Terms

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

Piraeus Port Authority (LTS:0FHO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Piraeus Port Authority SA (LTS:0FHO) » Definitions » Cash-to-Debt

Traded in Other Exchanges

PPA:Greece PZE:Germany

Address

10 Akti Miaouli street, Piraeus, GRC, 18538

Website

https://www.olp.gr

Piraeus Port Authority SA is engaged in the management and operation of Piraeus port. The main activities of the company are anchoring services of vessels, handling cargo, loading and unloading services as well as goods storage and car transportation. The company is also responsible for the maintenance of port facilities, the supply of port services (water, electricity, telephone connection, and supply), for services provided to travelers (coastal and cruise ships), and for renting space to third parties. Business operating segments include Container Terminal, Car Terminal, Coasting, Cruise, Ship repairing, and Other segments which include water supply, space management, and merchandise management. Substantial revenue is derived from the Container Terminal segment.

Piraeus Port Authority (LTS:0FHO) Headlines

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