EZZ Steel CoE (CAI:ESRS) Cash-to-Debt : 0.45 (As of Dec. 2023)

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What is EZZ Steel CoE 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. EZZ Steel CoE's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.45.

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, EZZ Steel CoE 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 EZZ Steel CoE's Cash-to-Debt or its related term are showing as below:

CAI:ESRS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.11 Max: 0.45
Current: 0.45

During the past 13 years, EZZ Steel CoE's highest Cash to Debt Ratio was 0.45. The lowest was 0.06. And the median was 0.11.

CAI:ESRS's Cash-to-Debt is ranked better than
50.24% of 615 companies
in the Steel industry
Industry Median: 0.45 vs CAI:ESRS: 0.45

EZZ Steel CoE Cash-to-Debt Historical Data

The historical data trend for EZZ Steel CoE'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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EZZ Steel CoE Cash-to-Debt Chart

EZZ Steel CoE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.06

0.10

0.39

0.45

EZZ Steel CoE 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															0.39	0.46	0.44	0.43	0.45

Competitive Comparison of EZZ Steel CoE's Cash-to-Debt

For the Steel subindustry, EZZ Steel CoE'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.

EZZ Steel CoE's Cash-to-Debt Distribution in the Steel Industry

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

* The bar in red indicates where EZZ Steel CoE's Cash-to-Debt falls into.

EZZ Steel CoE 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.

EZZ Steel CoE'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)
	=	32162.931	/	(44967.456	+	26587.536)
	=	0.45

EZZ Steel CoE'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)
	=	32162.931	/	(44967.456	+	26587.536)
	=	0.45

EZZ Steel CoE (CAI:ESRS) 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.

EZZ Steel CoE Cash-to-Debt Related Terms

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

EZZ Steel CoE (CAI:ESRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » EZZ Steel Co SAE (CAI:ESRS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1089 Cornich El-Nil, Four Seasons Nile Plaza, The Corporate Building, Garden City, Cairo, EGY, 1089

Website

https://www.ezzsteel.com

EZZ Steel Co SAE is an Egypt-based company that manufactures and distributes long and flat steel products. The company's long products, including rebar and wire rod, are employed in applications including concrete reinforcement bars, nails, bolts, tacks, welding tools, electrical components, wire mesh, and others. The company's flat products are applied in automotive components, suspension parts, wheels, containers, gas cylinders, and others.

EZZ Steel CoE (CAI:ESRS) Headlines

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