BlueScope Steel (BlueScope Steel) Cash-to-Debt

: 1.85 (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. BlueScope Steel's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.85.

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

BLSFY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 1.07 Max: 1.89
Current: 1.85

During the past 13 years, BlueScope Steel's highest Cash to Debt Ratio was 1.89. The lowest was 0.26. And the median was 1.07.

BLSFY's Cash-to-Debt is ranked better than
76.14% of 616 companies
in the Steel industry
Industry Median: 0.415 vs BLSFY: 1.85

BlueScope Steel Cash-to-Debt Historical Data

The historical data trend for BlueScope Steel'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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BlueScope Steel Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

1.73

1.06

1.69

1.28

1.89

BlueScope Steel 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																1.58	1.28	1.46	1.89	1.85

Competitive Comparison

For the Steel subindustry, BlueScope Steel'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.

BlueScope Steel Cash-to-Debt Distribution

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

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

BlueScope Steel 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.

BlueScope Steel'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)
	=	999.866	/	(115.638	+	412.215)
	=	1.89

BlueScope Steel'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)
	=	895.448	/	(121.687	+	362.918)
	=	1.85

BlueScope Steel (OTCPK:BLSFY) 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.

BlueScope Steel Cash-to-Debt Related Terms

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

BlueScope Steel (BlueScope Steel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » BlueScope Steel Ltd (OTCPK:BLSFY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BLSFF:USA BH5:Germany BSL:Australia

Address

181 William Street, Level 24, Melbourne, VIC, AUS, 3000

Website

https://www.bluescope.com

BlueScope is an Australian-based steelmaking firm with five business units. The Australian Steel Products segment mainly specializes in branded coated and painted flat steel products, sold domestically. North Star is the group's U.S. mini-mill specializing in the production of hot rolled coil for U.S. construction and automotive sectors. Building Products Asia and North America operate across Southeast Asia, China, India, and the U.S. West Coast involved in metal-coating, painting, and roll-forming. New Zealand Steel and the Pacific Islands business produces flat and long steel products for New Zealand and building components for the Pacific Islands. The Buildings North America segment specializes in non-residential buildings, including materials manufacturing and support services.

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