Ermes Department Stores (CYS:ERME) Cash-to-Debt : 0.01 (As of Jun. 2024)

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What is Ermes Department Stores 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. Ermes Department Stores's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.01.

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, Ermes Department Stores 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 Ermes Department Stores's Cash-to-Debt or its related term are showing as below:

CYS:ERME' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.19
Current: 0.01

During the past 13 years, Ermes Department Stores's highest Cash to Debt Ratio was 0.19. The lowest was 0.01. And the median was 0.04.

CYS:ERME's Cash-to-Debt is ranked worse than
97.49% of 1115 companies
in the Retail - Cyclical industry
Industry Median: 0.45 vs CYS:ERME: 0.01

Ermes Department Stores Cash-to-Debt Historical Data

The historical data trend for Ermes Department Stores'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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Ermes Department Stores Cash-to-Debt Chart

Ermes Department Stores Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.03

0.02

0.01

0.02

Ermes Department Stores Semi-Annual 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															0.02	0.01	N/A	0.02	0.01

Competitive Comparison of Ermes Department Stores's Cash-to-Debt

For the Department Stores subindustry, Ermes Department Stores'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.

Ermes Department Stores's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Ermes Department Stores's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ermes Department Stores's Cash-to-Debt falls into.

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Ermes Department Stores 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.

Ermes Department Stores'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)
	=	2.243	/	(27.923	+	101.027)
	=	0.02

Ermes Department Stores'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)
	=	0.741	/	(26.833	+	104.66)
	=	0.01

Ermes Department Stores (CYS:ERME) 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.

Ermes Department Stores Cash-to-Debt Related Terms

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

Ermes Department Stores Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ermes Department Stores PLC (CYS:ERME) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

154, Yiannis Kranidiotis Avenue, P.O. BOX 22273, 2235 Latsia, Nicosia, CYP, 1584

Website

http://www.ermes.com.cy

Ermes Department Stores PLC is a department store company. It is engaged in the retail and wholesale trade in Cyprus and Greece, through department stores and specialised stores. The operating segments consist of Department Stores, Specialised Stores, and Other Retail Shops. The company's product offerings include fragrances and beauty products; homeware and domestic appliances, kitchen products, seasonal products, laundry and cleaning products, and heating products.

Ermes Department Stores Headlines

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