Euroxx Securities (ATH:EX) Cash-to-Debt : 0.81 (As of Dec. 2023)

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What is Euroxx Securities 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. Euroxx Securities's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.81.

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

ATH:EX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.11 Max: 1.15
Current: 0.81

During the past 13 years, Euroxx Securities's highest Cash to Debt Ratio was 1.15. The lowest was 0.02. And the median was 0.11.

ATH:EX's Cash-to-Debt is ranked worse than
67.78% of 776 companies
in the Capital Markets industry
Industry Median: 2.015 vs ATH:EX: 0.81

Euroxx Securities Cash-to-Debt Historical Data

The historical data trend for Euroxx Securities'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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Euroxx Securities Cash-to-Debt Chart

Euroxx Securities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.05

0.03

0.16

0.36

0.81

Euroxx Securities Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.16	0.26	0.36	0.34	0.81

Competitive Comparison of Euroxx Securities's Cash-to-Debt

For the Financial Data & Stock Exchanges subindustry, Euroxx Securities'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.

Euroxx Securities's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Euroxx Securities's Cash-to-Debt distribution charts can be found below:

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

Euroxx Securities 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.

Euroxx Securities'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)
	=	5.415	/	(0.635	+	6.024)
	=	0.81

Euroxx Securities'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)
	=	5.415	/	(0.635	+	6.024)
	=	0.81

Euroxx Securities (ATH:EX) 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.

Euroxx Securities Cash-to-Debt Related Terms

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

Euroxx Securities (ATH:EX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Euroxx Securities SA (ATH:EX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Palaiologou 7, Chalandri, GRC, 15232

Website

http://www.euroxx.gr

Euroxx Securities SA is a financial services firm providing investment services to its clients. The company's client mix consists of private investors, legal entities, Greek and foreign institutional investors. It combines high skill and know-how and is able to respond to more complex investment expectations.

Euroxx Securities (ATH:EX) Headlines

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