SGS AG (CHIX:SGSNZ) Cash-to-Debt : 0.30 (As of Jun. 2024)

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What is SGS 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. SGS AG's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.30.

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, SGS AG couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

CHIX:SGSNz' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24 Med: 0.45 Max: 0.8
Current: 0.3

During the past 13 years, SGS AG's highest Cash to Debt Ratio was 0.80. The lowest was 0.24. And the median was 0.45.

CHIX:SGSNz's Cash-to-Debt is ranked worse than
70.81% of 1055 companies
in the Business Services industry
Industry Median: 1.02 vs CHIX:SGSNz: 0.30

SGS AG Cash-to-Debt Historical Data

The historical data trend for SGS 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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SGS AG Cash-to-Debt Chart

SGS AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.51

0.46

0.39

0.37

0.36

SGS AG Quarterly Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.27	0.37	0.24	0.36	0.30

Competitive Comparison of SGS AG's Cash-to-Debt

For the Consulting Services subindustry, SGS 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.

SGS AG's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, SGS AG's Cash-to-Debt distribution charts can be found below:

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

SGS 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.

SGS 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)
	=	1569	/	(984	+	3424)
	=	0.36

SGS AG's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	1288	/	(821	+	3489)
	=	0.30

SGS AG (CHIX:SGSNz) 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.

SGS AG Cash-to-Debt Related Terms

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SGS AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » SGS AG (CHIX:SGSNz) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SGSOY:USA SGSOF:USA 0QMI:UK SGSN:Switzerland

Address

1 Place des Alpes, P.O. Box 2152, Geneva, CHE, CH-1211

Website

https://www.sgs.com

Switzerland-listed SGS is the largest and one of the oldest companies in the testing, inspection, and certification industry. The company's primary activities involve testing products and materials, inspecting sites/industrial equipment, and certifying products and systems to ensure global/company standards. SGS is one of only four TIC companies that operate globally across numerous industries, including agriculture, food and life science, and transport services. SGS was first listed in 1981 and employs almost 100,000 people worldwide.

SGS AG Headlines

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