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EVKIF (Evonik Industries AG) Cash-to-Debt : No Debt (1) (As of Sep. 2024)


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What is Evonik Industries 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. Evonik Industries AG's cash to debt ratio for the quarter that ended in Sep. 2024 was No Debt (1).

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Evonik Industries AG could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

(1) 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.

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

EVKIF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18   Med: No Debt   Max: No Debt
Current: 0.18

During the past 13 years, Evonik Industries AG's highest Cash to Debt Ratio was No Debt. The lowest was 0.18. And the median was No Debt.

EVKIF's Cash-to-Debt is ranked worse than
78.99% of 1547 companies
in the Chemicals industry
Industry Median: 0.69 vs EVKIF: 0.18

Evonik Industries AG Cash-to-Debt Historical Data

The historical data trend for Evonik Industries 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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Evonik Industries AG Cash-to-Debt Chart

Evonik Industries AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.54 0.28 0.25 0.27 0.24

Evonik Industries AG Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt 0.24 No Debt No Debt No Debt

Competitive Comparison of Evonik Industries AG's Cash-to-Debt

For the Specialty Chemicals subindustry, Evonik Industries 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.


Evonik Industries AG's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Evonik Industries AG's Cash-to-Debt distribution charts can be found below:

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



Evonik Industries 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.

Evonik Industries AG's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Evonik Industries AG's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Evonik Industries AG had no debt (1).

* 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.


Evonik Industries AG  (OTCPK:EVKIF) 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.


Evonik Industries AG Cash-to-Debt Related Terms

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Evonik Industries AG Business Description

Address
Rellinghauser Strasse 1-11, Essen, NW, DEU, 45128
Evonik Industries AG is a German chemical company offering a mix of speciality and commodity chemical products. It has a number-one to -three market position in 80% of its businesses. Around 45% of sales are generated in Europe, while the key markets of North America and Asia account for 25% and 20% of sales, respectively. The company is organized into four segments: specialty additives, smart materials, nutrition and care, and performance materials.