Ardagh Metal Packaging (Ardagh Metal Packaging) Cash-to-Debt : 0.04 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Ardagh Metal Packaging 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. Ardagh Metal Packaging's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.04.

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, Ardagh Metal Packaging couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Ardagh Metal Packaging's Cash-to-Debt or its related term are showing as below:

AMBP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.12 Max: 0.17
Current: 0.04

During the past 5 years, Ardagh Metal Packaging's highest Cash to Debt Ratio was 0.17. The lowest was 0.03. And the median was 0.12.

AMBP's Cash-to-Debt is ranked worse than
78.57% of 378 companies
in the Packaging & Containers industry
Industry Median: 0.405 vs AMBP: 0.04

Ardagh Metal Packaging Cash-to-Debt Historical Data

The historical data trend for Ardagh Metal Packaging'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.

* Premium members only.

Ardagh Metal Packaging Cash-to-Debt Chart

Ardagh Metal Packaging Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

0.09

0.16

0.15

0.12

Ardagh Metal Packaging Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial												0.03	0.05	0.04	0.12	0.04

Competitive Comparison of Ardagh Metal Packaging's Cash-to-Debt

For the Packaging & Containers subindustry, Ardagh Metal Packaging'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.

Ardagh Metal Packaging's Cash-to-Debt Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Ardagh Metal Packaging's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ardagh Metal Packaging's Cash-to-Debt falls into.

Ardagh Metal Packaging 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.

Ardagh Metal Packaging'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)
	=	434	/	(94	+	3640)
	=	0.12

Ardagh Metal Packaging's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	155	/	(305	+	3602)
	=	0.04

Ardagh Metal Packaging (NYSE:AMBP) 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.

Ardagh Metal Packaging Cash-to-Debt Related Terms

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

Ardagh Metal Packaging (Ardagh Metal Packaging) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Ardagh Metal Packaging SA (NYSE:AMBP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

7JZ:Germany

Address

56, Rue Charles Martel, Luxembourg, LUX, L-2134

Website

https://www.ardaghmetalpackaging.com

Ardagh Metal Packaging SA is a supplier of infinitely recyclable, sustainable, metal beverage cans and ends to brand owners. The company's segment includes Europe and the Americas. It derives a majority of its revenue from the Americas.