Utenos Trikotazas AB (LTS:0IYO) Cash-to-Debt : 0.10 (As of Mar. 2024)

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What is Utenos Trikotazas AB 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. Utenos Trikotazas AB's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.10.

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, Utenos Trikotazas AB couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

LTS:0IYO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.19 Max: 0.93
Current: 0.1

During the past 13 years, Utenos Trikotazas AB's highest Cash to Debt Ratio was 0.93. The lowest was 0.06. And the median was 0.19.

LTS:0IYO's Cash-to-Debt is ranked worse than
77.22% of 1027 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs LTS:0IYO: 0.10

Utenos Trikotazas AB Cash-to-Debt Historical Data

The historical data trend for Utenos Trikotazas AB'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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Utenos Trikotazas AB Cash-to-Debt Chart

Utenos Trikotazas AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.22

0.93

0.10

0.06

0.15

Utenos Trikotazas AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.10	0.06	0.08	0.15	0.10

Competitive Comparison of Utenos Trikotazas AB's Cash-to-Debt

For the Apparel Manufacturing subindustry, Utenos Trikotazas AB'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.

Utenos Trikotazas AB's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Utenos Trikotazas AB's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Utenos Trikotazas AB's Cash-to-Debt falls into.

Utenos Trikotazas AB 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.

Utenos Trikotazas AB'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)
	=	1.108	/	(3.242	+	3.956)
	=	0.15

Utenos Trikotazas AB's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	0.674	/	(3.159	+	3.944)
	=	0.09

Utenos Trikotazas AB (LTS:0IYO) 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.

Utenos Trikotazas AB Cash-to-Debt Related Terms

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

Utenos Trikotazas AB (LTS:0IYO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Utenos Trikotazas AB (LTS:0IYO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

UTR1L:Lithuania

Address

J. Basanaviciaus Street 122, Utena, LTU, LT-28214

Website

https://www.ut.lt

Utenos Trikotažas AB is a client-oriented certified jersey producer company. It operates through two main business areas which are a Production of Knitted Articles and Production of Working Clothes. The company derives maximum revenue from the production of knitted articles segment.

Utenos Trikotazas AB (LTS:0IYO) Headlines

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