Algoma Central (FRA:ACH) Cash-to-Debt : 0.07 (As of Sep. 2024)

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What is Algoma Central 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. Algoma Central's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.07.

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, Algoma Central couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

FRA:ACH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.19 Max: 1.15
Current: 0.07

During the past 13 years, Algoma Central's highest Cash to Debt Ratio was 1.15. The lowest was 0.03. And the median was 0.19.

FRA:ACH's Cash-to-Debt is ranked worse than
87.95% of 963 companies
in the Transportation industry
Industry Median: 0.46 vs FRA:ACH: 0.07

Algoma Central Cash-to-Debt Historical Data

The historical data trend for Algoma Central'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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Algoma Central Cash-to-Debt Chart

Algoma Central Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.06

0.27

0.28

0.35

0.09

Algoma Central 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															0.09	0.09	0.03	0.07	0.07

Competitive Comparison of Algoma Central's Cash-to-Debt

For the Marine Shipping subindustry, Algoma Central'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.

Algoma Central's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Algoma Central's Cash-to-Debt distribution charts can be found below:

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

Algoma Central 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.

Algoma Central'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)
	=	22.44	/	(41.553	+	216.386)
	=	0.09

Algoma Central's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	19.807	/	(67.083	+	213.468)
	=	0.07

Algoma Central (FRA:ACH) 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.

Algoma Central Cash-to-Debt Related Terms

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

Algoma Central Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Algoma Central Corp (FRA:ACH) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

AGMJF:USA ALC:Canada

Address

63 Church Street, Suite 600, St. Catharines, ON, CAN, L2R 3C4

Website

https://www.algonet.com

Algoma Central Corp owns and operates a fleet of dry and liquid bulk carriers operating on the Great Lakes, St. Lawrence Waterway. The company's Canadian flag fleet consists of self-unloading dry-bulk carriers, gearless dry-bulk carriers, and product tankers. The company operates its business through six segments that are Domestic Dry-Bulk which generates key revenue, Product Tankers, Ocean Self-Unloaders, Corporate, Investment Properties, and Global Short Sea Shipping. The company earns revenues from marine operations through contracts of affreightment, time charters, and pool revenue.

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