Elton /R (ATH:ELTON) Cash-to-Debt : 0.31 (As of Dec. 2023)

View and export this data going back to 2000. Start your Free Trial

What is Elton /R 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. Elton /R's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.31.

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, Elton /R 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 Elton /R's Cash-to-Debt or its related term are showing as below:

ATH:ELTON' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.15 Max: 0.31
Current: 0.31

During the past 7 years, Elton /R's highest Cash to Debt Ratio was 0.31. The lowest was 0.10. And the median was 0.15.

ATH:ELTON's Cash-to-Debt is ranked worse than
68.95% of 1549 companies
in the Chemicals industry
Industry Median: 0.74 vs ATH:ELTON: 0.31

Elton /R Cash-to-Debt Historical Data

The historical data trend for Elton /R'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.

Elton /R Cash-to-Debt Chart

Elton /R Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.10

0.31

0.14

0.15

0.31

Elton /R Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial					0.14	0.12	0.15	0.19	0.31

Competitive Comparison of Elton /R's Cash-to-Debt

For the Chemicals subindustry, Elton /R'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.

Elton /R's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Elton /R's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Elton /R's Cash-to-Debt falls into.

Elton /R 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.

Elton /R'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)
	=	7.792	/	(14.405	+	11.05)
	=	0.31

Elton /R'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)
	=	7.792	/	(14.405	+	11.05)
	=	0.31

Elton /R (ATH:ELTON) 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.

Elton /R Cash-to-Debt Related Terms

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

Elton /R (ATH:ELTON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Elton SA /R (ATH:ELTON) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

Y1O:Germany

Address

Draseza Place, Industrial Park, Avlonas, Attica, GRC, 19011

Website

http://www.elton.gr

Elton SA /R is engaged in chemical ingredients distribution market & provides industrial solutions. The company covers Agrochemicals Animal Nutrition and Health, Food and Beverage, Cosmetics Pharma Household, Paints, Coatings, Construction materials, Textiles Chemical reagents and Lab equipment, Water treatment, Metal treatment, Paper treatment Candles, Lubricants, Plastics Raw materials for tires and Refrigerants. It also covers a range of industrial activities, to expand its network coverage and portfolio offering, but also to provide full up-to-date technical support and scientific information, elaborating its customers to create best products and results.

Elton /R (ATH:ELTON) Headlines

No Headlines