Azelis Group NV (XBRU:AZE) Cash-to-Debt : 0.27 (As of Dec. 2023)

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What is Azelis Group NV 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. Azelis Group NV's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.27.

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, Azelis Group NV 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 Azelis Group NV's Cash-to-Debt or its related term are showing as below:

XBRU:AZE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.13 Max: 0.27
Current: 0.27

During the past 6 years, Azelis Group NV's highest Cash to Debt Ratio was 0.27. The lowest was 0.08. And the median was 0.13.

XBRU:AZE's Cash-to-Debt is ranked worse than
72.84% of 1550 companies
in the Chemicals industry
Industry Median: 0.72 vs XBRU:AZE: 0.27

Azelis Group NV Cash-to-Debt Historical Data

The historical data trend for Azelis Group NV'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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Azelis Group NV Cash-to-Debt Chart

Azelis Group NV Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.09

0.13

0.14

0.19

0.27

Azelis Group NV Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial				0.14	0.28	0.19	0.22	0.27

Competitive Comparison of Azelis Group NV's Cash-to-Debt

For the Specialty Chemicals subindustry, Azelis Group NV'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.

Azelis Group NV's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Azelis Group NV's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Azelis Group NV's Cash-to-Debt falls into.

Azelis Group NV 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.

Azelis Group NV'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)
	=	484.934	/	(125.117	+	1650.981)
	=	0.27

Azelis Group NV'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)
	=	484.934	/	(125.117	+	1650.981)
	=	0.27

Azelis Group NV (XBRU:AZE) 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.

Azelis Group NV Cash-to-Debt Related Terms

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Azelis Group NV (XBRU:AZE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Azelis Group NV (XBRU:AZE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AZEb:UK 2R7:Germany

Address

Posthofbrug 12, Box 6, Antwerp, BEL, B-2600

Website

https://www.azelis.com

Azelis Group NV is a innovation service provider for the specialty chemicals and food ingredients industry. The company has its business operating segments namely Life Sciences and Industrial chemicals. Geographically, the company has its presence in EMEA, Americas and Asia Pacific.

Azelis Group NV (XBRU:AZE) Headlines

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