Heidelberger Druckmaschinen AG (Heidelberger Druckmaschinen AG) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Heidelberger Druckmaschinen 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. Heidelberger Druckmaschinen AG's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, Heidelberger Druckmaschinen AG could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

The historical rank and industry rank for Heidelberger Druckmaschinen AG's Cash-to-Debt or its related term are showing as below:

HBGRF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 0.8 Max: No Debt
Current: 1.18

During the past 13 years, Heidelberger Druckmaschinen AG's highest Cash to Debt Ratio was No Debt. The lowest was 0.20. And the median was 0.80.

HBGRF's Cash-to-Debt is ranked worse than
50.23% of 3000 companies
in the Industrial Products industry
Industry Median: 1.205 vs HBGRF: 1.18

Heidelberger Druckmaschinen AG Cash-to-Debt Historical Data

The historical data trend for Heidelberger Druckmaschinen 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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Heidelberger Druckmaschinen AG Cash-to-Debt Chart

Heidelberger Druckmaschinen AG Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.40

0.89

0.75

1.10

1.21

Heidelberger Druckmaschinen AG 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	Get a 7-Day Free Trial															No Debt	1.21	No Debt	0.56	No Debt

Competitive Comparison of Heidelberger Druckmaschinen AG's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Heidelberger Druckmaschinen 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.

Heidelberger Druckmaschinen AG's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Heidelberger Druckmaschinen AG's Cash-to-Debt distribution charts can be found below:

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

Heidelberger Druckmaschinen 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.

Heidelberger Druckmaschinen AG's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	124.197	/	(56.745	+	46.039)
	=	1.21

Heidelberger Druckmaschinen AG's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Heidelberger Druckmaschinen AG had no debt ⁽¹⁾.

Heidelberger Druckmaschinen AG (OTCPK:HBGRF) 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.

Heidelberger Druckmaschinen AG Cash-to-Debt Related Terms

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Heidelberger Druckmaschinen AG (Heidelberger Druckmaschinen AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Heidelberger Druckmaschinen AG (OTCPK:HBGRF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HBGRY:USA 0OC2:UK HDD:Germany HDD:Austria

Address

Kurfursten-Anlage 52-60, Heidelberg, BW, DEU, 69115

Website

https://www.heidelberg.com

Heidelberger Druckmaschinen AG is a company which develops and manufactures offset printing presses, parts, and accessories for printing presses, printing software, dryer and ink systems and document handling machinery. It organizes its business into three segments namely Print Solutions, Packaging Solutions, and Technology Solutions. The company generates maximum revenue from the Print Solutions segment.