Core Molding Technologies (Core Molding Technologies) Cash-to-Debt

: 1.05 (As of Dec. 2023)

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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. Core Molding Technologies's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.05.

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, Core Molding Technologies 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 Core Molding Technologies's Cash-to-Debt or its related term are showing as below:

CMT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.33 Max: 3.97
Current: 1.05

During the past 13 years, Core Molding Technologies's highest Cash to Debt Ratio was 3.97. The lowest was 0.03. And the median was 0.33.

CMT's Cash-to-Debt is ranked better than
56.87% of 1551 companies
in the Chemicals industry
Industry Median: 0.75 vs CMT: 1.05

Core Molding Technologies Cash-to-Debt Historical Data

The historical data trend for Core Molding Technologies'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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Core Molding Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.04

0.15

0.21

0.16

1.05

Core Molding Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt																0.16	0.19	0.60	0.77	1.05

Competitive Comparison

For the Specialty Chemicals subindustry, Core Molding Technologies'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.

Core Molding Technologies Cash-to-Debt Distribution

For the Chemicals industry and Basic Materials sector, Core Molding Technologies's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Core Molding Technologies's Cash-to-Debt falls into.

Core Molding Technologies 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.

Core Molding Technologies'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)
	=	24.104	/	(1.468	+	21.519)
	=	1.05

Core Molding Technologies'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)
	=	24.104	/	(1.468	+	21.519)
	=	1.05

Core Molding Technologies (AMEX:CMT) 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.

Core Molding Technologies Cash-to-Debt Related Terms

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Core Molding Technologies (Core Molding Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Core Molding Technologies Inc (AMEX:CMT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

XQN:Germany

Address

800 Manor Park Drive, Columbus, OH, USA, 43228-0183

Website

https://www.coremt.com

Core Molding Technologies Inc operates in the engineered materials market as one operating segment as a molder of thermoplastic and thermoset structural products. It produces and sells molded products for varied markets, including medium and heavy-duty trucks, automobiles, power sports, construction and agriculture, building products, and other industrial markets. The processes include compression molding of sheet molding compound (SMC), resin transfer molding (RTM), liquid molding of dicyclopentadiene (DCPD), spray-up and hand-lay-up, direct long-fiber thermoplastics (D-LFT) and structural foam, and structural web injection molding (SIM). It operates in Columbus, Ohio, Columbus, and Batavia, Ohio; Gaffney, South Carolina; Winona, Minnesota; Matamoros and others.

Executives

John P Zimmer	officer: VP, Treasurer, Secretary & CFO	800 MANOR PARK DRIVE, COLUMBUS OH 43228
Renee R Anderson	officer: EVP, Human Resources	800 MANOR PARK DR, COLUMBUS OH 43228
Eric Palomaki	officer: Vice President of Operations	800 MANOR PARK DRIVE, COLUMBUS OH 43228
David L. Duvall	director, officer: Chief Executive Officer	800 MANOR PARK DRIVE, COLUMBUS OH 43228
Thomas R Cellitti	director	493 S KENILWORTH AVENUE, ELMHURST IL 60126
Ralph O Hellmold	director
Matthew Jauchius	director	800 MANOR PARK DRIVE, COLUMBUS OH 43228
James C Highfield	officer: EVP, Sales and Marketing	800 MANOR PARK DRIVE, COLUMBUS OH 43228
Andrew O Smith	director	800 MANOR PARK DRIVE, COLUMBUS OH 43228
James F Crowley	director
Sandra Lee Kowaleski	director	800 MANOR PARK DRIVE, COLUMBUS OH 43228
James L Simonton	director
Robert P Price	officer: Vice President of Operations	800 MANOR PARK DRIVE, COLUMBUS OH 43228
Terrence James O'donovan	officer: VP, Marketing and Sales	800 MANOR PARK DRIVE, COLUMBUS OH 43228
Kevin L Barnett	director, officer: President and CEO