Mercedes-Benz Group AG (CHIX:MBGD) Cash-to-Debt : 0.32 (As of Mar. 2024)

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What is Mercedes-Benz Group AG 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. Mercedes-Benz Group AG's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.32.

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, Mercedes-Benz Group AG 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 Mercedes-Benz Group AG's Cash-to-Debt or its related term are showing as below:

CHIX:MBGd' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: 0.26 Max: 0.35
Current: 0.32

During the past 13 years, Mercedes-Benz Group AG's highest Cash to Debt Ratio was 0.35. The lowest was 0.19. And the median was 0.26.

CHIX:MBGd's Cash-to-Debt is ranked worse than
63.94% of 1295 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs CHIX:MBGd: 0.32

Mercedes-Benz Group AG Cash-to-Debt Historical Data

The historical data trend for Mercedes-Benz Group AG'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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Mercedes-Benz Group AG Cash-to-Debt Chart

Mercedes-Benz Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.20

0.25

0.32

0.29

0.26

Mercedes-Benz Group AG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	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															0.35	0.30	0.29	0.26	0.32

Competitive Comparison of Mercedes-Benz Group AG's Cash-to-Debt

For the Auto Manufacturers subindustry, Mercedes-Benz Group AG'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.

Mercedes-Benz Group AG's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mercedes-Benz Group AG's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Mercedes-Benz Group AG's Cash-to-Debt falls into.

Mercedes-Benz Group AG 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.

Mercedes-Benz Group AG'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)
	=	22353	/	(32117	+	55093)
	=	0.26

Mercedes-Benz Group AG'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)
	=	27854	/	(27539	+	59409)
	=	0.32

Mercedes-Benz Group AG (CHIX:MBGd) 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.

Mercedes-Benz Group AG Cash-to-Debt Related Terms

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Mercedes-Benz Group AG (CHIX:MBGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mercedes-Benz Group AG (CHIX:MBGd) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MBGYY:USA MBGAF:USA DAI:Romania MBG:Mexico DAIMLER:Hungary 0NXX:UK MBG:Germany MBG:Austria

Address

Mercedesstrasse 120, Stuttgart, BW, DEU, 70372

Website

https://www.daimler.com

Based in Stuttgart, Germany, Mercedes-Benz Group makes premium and luxury passenger vehicles and commercial vans. Brands include Mercedes-Benz, AMG, and Maybach. Mercedes-Benz Mobility provides the company's dealers and its customers with vehicle financing as well as mobility services in ride hailing, car sharing, and charging. Mercedes owns 9.74% of Aston Martin and 9.55% of Beijing Automotive Group. Through Tenaciou3 Prospect Investment, Li Shufu, chair of Chinese automaker Geely, owns 9.69% of Mercedes-Benz. Other major shareholders include Beijing Automotive Group at 9.98% and Kuwait Investment Authority at 4.9% (6.8% before the sale of a 1.9% stake in March 2023).

Mercedes-Benz Group AG (CHIX:MBGD) Headlines

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