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

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What is voestalpine 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. voestalpine 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, voestalpine 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 voestalpine AG's Cash-to-Debt or its related term are showing as below:

VLPNF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.28 Max: No Debt
Current: 0.4

During the past 13 years, voestalpine AG's highest Cash to Debt Ratio was No Debt. The lowest was 0.11. And the median was 0.28.

VLPNF's Cash-to-Debt is ranked worse than
51.54% of 615 companies
in the Steel industry
Industry Median: 0.43 vs VLPNF: 0.40

voestalpine AG Cash-to-Debt Historical Data

The historical data trend for voestalpine 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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voestalpine AG Cash-to-Debt Chart

voestalpine AG Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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No Debt

0.19

0.33

0.31

0.47

voestalpine 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	0.47	No Debt	No Debt	No Debt

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

For the Steel subindustry, voestalpine 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.

voestalpine AG's Cash-to-Debt Distribution in the Steel Industry

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

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

voestalpine 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.

voestalpine 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)
	=	1495.824	/	(842.719	+	2362.099)
	=	0.47

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

voestalpine AG had no debt ⁽¹⁾.

voestalpine AG (OTCPK:VLPNF) 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.

voestalpine AG Cash-to-Debt Related Terms

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voestalpine AG (voestalpine AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » voestalpine AG (OTCPK:VLPNF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

VLPNY:USA 0MKX:UK VAS:Germany VOE:Czech Republic VOE:Austria

Address

Voestalpine-Strasse 1, Linz, AUT, 4020

Website

https://www.voestalpine.com

voestalpine AG is an Austria-based holding company engaged in the manufacturing, processing and development of steel products. The company is divided into four divisions. The Steel Division is involved in the production of steel products and the casting of large turbines. The High-Performance metals Division provides metals for the automotive, consumer goods, power generation, energy and aviation sectors. The Metal Engineering division produces rails, turnout systems, track-based monitoring systems, specially treated wire and others. The Metal Forming Division provides customized special and precision sections, as well as solutions for systems in the construction, cab construction for commercial vehicles, and aviation sectors. The company generates its revenue from the European Union.