Spirax Group (LSE:SPX) Cash-to-Debt : 0.29 (As of Jun. 2024)

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What is Spirax Group 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. Spirax Group's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.29.

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

LSE:SPX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28 Med: 0.51 Max: 2.61
Current: 0.29

During the past 13 years, Spirax Group's highest Cash to Debt Ratio was 2.61. The lowest was 0.28. And the median was 0.51.

LSE:SPX's Cash-to-Debt is ranked worse than
78.16% of 2994 companies
in the Industrial Products industry
Industry Median: 1.18 vs LSE:SPX: 0.29

Spirax Group Cash-to-Debt Historical Data

The historical data trend for Spirax Group'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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Spirax Group Cash-to-Debt Chart

Spirax Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.50

0.48

0.59

0.30

0.32

Spirax Group 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															0.54	0.30	0.28	0.32	0.29

Competitive Comparison of Spirax Group's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Spirax Group'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.

Spirax Group's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Spirax Group's Cash-to-Debt distribution charts can be found below:

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

Spirax Group 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.

Spirax Group'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)
	=	359.7	/	(165	+	958.1)
	=	0.32

Spirax Group'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)
	=	330.1	/	(187.5	+	956.9)
	=	0.29

Spirax Group (LSE:SPX) 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.

Spirax Group Cash-to-Debt Related Terms

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

Spirax Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Spirax Group PLC (LSE:SPX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SPXSF:USA SPXSY:USA SPXl:UK 1LNB:Germany

Address

Cirencester Road, Charlton House, Cheltenham, Gloucestershire, GBR, GL53 8ER

Website

https://www.spiraxgroup.com

Spirax is a global manufacturer of a wide range of applications for industrial and commercial steam systems, electric thermal solutions and peristaltic pumps used across multiple industries. The group operates across three segments and has over 110,000 direct customers across 130 countries. Approximately 85% of group sales are generated from recurring maintenance and small improvements to existing customer systems. Spirax has 1,700 product lines and 2,100 sales and service engineers, who account for 25% of employees.

Spirax Group Headlines

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