Croda International (Croda International) Cash-to-Debt : 0.24 (As of Dec. 2023)

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What is Croda International 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. Croda International's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.24.

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, Croda International 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 Croda International's Cash-to-Debt or its related term are showing as below:

COIHF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.14 Max: 0.52
Current: 0.24

During the past 13 years, Croda International's highest Cash to Debt Ratio was 0.52. The lowest was 0.12. And the median was 0.14.

COIHF's Cash-to-Debt is ranked worse than
75.53% of 1553 companies
in the Chemicals industry
Industry Median: 0.74 vs COIHF: 0.24

Croda International Cash-to-Debt Historical Data

The historical data trend for Croda International'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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Croda International Cash-to-Debt Chart

Croda International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.13

0.12

0.52

0.24

Croda International 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															0.12	0.70	0.52	0.52	0.24

Competitive Comparison of Croda International's Cash-to-Debt

For the Specialty Chemicals subindustry, Croda International'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.

Croda International's Cash-to-Debt Distribution in the Chemicals Industry

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

* The bar in red indicates where Croda International's Cash-to-Debt falls into.

Croda International 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.

Croda International'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)
	=	218.354	/	(63.797	+	835.063)
	=	0.24

Croda International'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)
	=	218.354	/	(63.797	+	835.063)
	=	0.24

Croda International (OTCPK:COIHF) 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.

Croda International Cash-to-Debt Related Terms

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

Croda International (Croda International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Croda International PLC (OTCPK:COIHF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

COIHY:USA CRDAl:UK CRDA:UK 6CMB:Germany

Address

Cowick Hall, Snaith, Goole, East Yorkshire, GBR, DN14 9AA

Website

https://www.croda.com

Croda is a British specialty chemicals company with 60% of sales outside Europe. Croda operates through three segments: consumer care, life sciences, and industrial specialties. Consumer care produces specialty and active ingredients for cosmetics and skincare/haircare and also flavors and fragrances. The life sciences business manufactures products for healthcare and agrochemicals. The company sold the majority of its industrial businesses to Cargill in 2022, retaining only a subsegment of the business (housed under the industrial specialties segment) that supports the other two segments and sells their byproducts.

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