HanseYachts AG (FRA:H9Y) Cash-to-Debt : 0.71 (As of Dec. 2023)

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What is HanseYachts AG 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. HanseYachts AG's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.71.

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

FRA:H9Y' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.32 Max: 5.61
Current: 0.71

During the past 13 years, HanseYachts AG's highest Cash to Debt Ratio was 5.61. The lowest was 0.12. And the median was 0.32.

FRA:H9Y's Cash-to-Debt is ranked better than
55.61% of 1293 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs FRA:H9Y: 0.71

HanseYachts AG Cash-to-Debt Historical Data

The historical data trend for HanseYachts AG'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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HanseYachts AG Cash-to-Debt Chart

HanseYachts AG Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.22

0.34

0.52

0.20

0.22

HanseYachts AG 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															3.75	0.20	2.08	0.22	0.71

Competitive Comparison of HanseYachts AG's Cash-to-Debt

For the Recreational Vehicles subindustry, HanseYachts AG'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.

HanseYachts AG's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, HanseYachts AG's Cash-to-Debt distribution charts can be found below:

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

HanseYachts AG 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.

HanseYachts AG's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	9.143	/	(23.893	+	18.373)
	=	0.22

HanseYachts AG'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)
	=	2.381	/	(0.737	+	2.621)
	=	0.71

HanseYachts AG (FRA:H9Y) 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.

HanseYachts AG Cash-to-Debt Related Terms

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HanseYachts AG (FRA:H9Y) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » HanseYachts AG (FRA:H9Y) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

H9Y:Germany

Address

Ladebower Chaussee 11, Greifswald, MV, DEU, 17493

Website

https://www.hanseyachtsag.com

HanseYachts AG is the manufacturer of seagoing sailing and motor yachts. The company's business segments include Sailing Yachts; Motor Yachts; Catamarans and others. The Sailing Yachts segment engages in the production and selling of sailing yachts. It offers cruising yachts under the HANSE brand, elegant deck salons or classically designed cruisers under the Moody brand, sporty cruiser racers under the delher brand, and the VA brand. The Motor Yachts segment manufactures motor yachts under brands such as Fjord and Sealine. It generates maximum revenue from the Sailing Yachts segment. Geographically, it operates in Germany, the United States, France, Turkey, the Netherlands, the United Kingdom, Other Europe and others.

HanseYachts AG (FRA:H9Y) Headlines

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