Springs Global Participacoes (BSP:SGPS3) Cash-to-Debt : 0.14 (As of Mar. 2023)

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What is Springs Global Participacoes 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. Springs Global Participacoes's cash to debt ratio for the quarter that ended in Mar. 2023 was 0.14.

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, Springs Global Participacoes couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

The historical rank and industry rank for Springs Global Participacoes's Cash-to-Debt or its related term are showing as below:

BSP:SGPS3's Cash-to-Debt is not ranked ^*
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 0.475
* Ranked among companies with meaningful Cash-to-Debt only.

Springs Global Participacoes Cash-to-Debt Historical Data

The historical data trend for Springs Global Participacoes'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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Springs Global Participacoes Cash-to-Debt Chart

Springs Global Participacoes Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.14

0.16

0.14

0.16

0.19

Springs Global Participacoes Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Cash-to-Debt	Get a 7-Day Free Trial															0.13	0.22	0.19	0.19	0.14

Competitive Comparison of Springs Global Participacoes's Cash-to-Debt

For the Textile Manufacturing subindustry, Springs Global Participacoes'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.

Springs Global Participacoes's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Springs Global Participacoes's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Springs Global Participacoes's Cash-to-Debt falls into.

Springs Global Participacoes 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.

Springs Global Participacoes's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	248.975	/	(717.94	+	586.715)
	=	0.19

Springs Global Participacoes's Cash to Debt Ratio for the quarter 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)
	=	186.932	/	(1019.532	+	310.83)
	=	0.14

Springs Global Participacoes (BSP:SGPS3) 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.

Springs Global Participacoes Cash-to-Debt Related Terms

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

Springs Global Participacoes (BSP:SGPS3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Springs Global Participacoes SA (BSP:SGPS3) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Avenue Lincoln Alves Dos Santos. 955, Montes Claros, MG, BRA, 39404005

Website

https://www.springs.com

Springs Global Participacoes SA is engaged in the textile industry. The company operates in the business of spinning, weaving, finishing, and manufacturing home textile products, bed and bath textile articles such as tablecloths, bed sheets, pillowcases, mattress pads, blankets, towels, shower curtains and bath accessories. The firm operates in Wholesale and Retail business units. It operates production facilities in Brazil, Argentina, and the United States. The wholesale unit accounts for the majority of revenue.

Springs Global Participacoes (BSP:SGPS3) Headlines

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