Stara Planina Holding AD (XBUL:SPH) Cash-to-Debt : 12.73 (As of Sep. 2023)

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What is Stara Planina Holding AD 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. Stara Planina Holding AD's cash to debt ratio for the quarter that ended in Sep. 2023 was 12.73.

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, Stara Planina Holding AD could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Stara Planina Holding AD's Cash-to-Debt or its related term are showing as below:

XBUL:SPH' s Cash-to-Debt Range Over the Past 10 Years
Min: 6.22 Med: 24.34 Max: No Debt
Current: 12.73

During the past 13 years, Stara Planina Holding AD's highest Cash to Debt Ratio was No Debt. The lowest was 6.22. And the median was 24.34.

XBUL:SPH's Cash-to-Debt is ranked better than
79.01% of 2996 companies
in the Industrial Products industry
Industry Median: 1.23 vs XBUL:SPH: 12.73

Stara Planina Holding AD Cash-to-Debt Historical Data

The historical data trend for Stara Planina Holding AD'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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Stara Planina Holding AD Cash-to-Debt Chart

Stara Planina Holding AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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23.44

23.15

23.50

24.34

20.91

Stara Planina Holding AD Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															16.88	20.91	6.22	6.38	12.73

Competitive Comparison of Stara Planina Holding AD's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Stara Planina Holding AD'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.

Stara Planina Holding AD's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Stara Planina Holding AD's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Stara Planina Holding AD's Cash-to-Debt falls into.

Stara Planina Holding AD 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.

Stara Planina Holding AD's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	43.161	/	(1.013	+	1.051)
	=	20.91

Stara Planina Holding AD's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	33.779	/	(1.81	+	0.844)
	=	12.73

Stara Planina Holding AD (XBUL:SPH) 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.

Stara Planina Holding AD Cash-to-Debt Related Terms

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Stara Planina Holding AD (XBUL:SPH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Stara Planina Holding AD (XBUL:SPH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

20, Frederic Joliot-Curie Street, 9th Floor, Sofia, BGR, 1113

Website

https://www.sphold.com

Stara Planina Holding AD is a holding company. The company is engaged in the acquisition, management, evaluation and sale of shareholdings in Bulgarian and foreign companies; acquisition, management and sale of bonds, evaluation and sale of patents, transfer of licenses for the use of patents, belonging to companies where the holding company has participation; financing companies where the holding company has participations; other commercial operations, except those prohibited by law. The investment portfolio of the holding is distributed mainly in the following industries, Machine Building; Electrical Engineering, Light Industry and Financial.