Spectris (LSE:SXS) Cash-to-Debt : 2.21 (As of Dec. 2023)

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What is Spectris 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. Spectris's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.21.

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, Spectris could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

LSE:SXS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 0.81 Max: 3.5
Current: 2.21

During the past 13 years, Spectris's highest Cash to Debt Ratio was 3.50. The lowest was 0.20. And the median was 0.81.

LSE:SXS's Cash-to-Debt is ranked better than
59.37% of 2471 companies
in the Hardware industry
Industry Median: 1.38 vs LSE:SXS: 2.21

Spectris Cash-to-Debt Historical Data

The historical data trend for Spectris'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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Spectris Cash-to-Debt Chart

Spectris Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.89

1.42

2.55

3.50

2.21

Spectris Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															2.55	0.42	3.50	3.43	2.21

Competitive Comparison of Spectris's Cash-to-Debt

For the Scientific & Technical Instruments subindustry, Spectris'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.

Spectris's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Spectris's Cash-to-Debt distribution charts can be found below:

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

Spectris 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.

Spectris'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)
	=	138.5	/	(14.4	+	48.3)
	=	2.21

Spectris's Cash to Debt Ratio for the quarter 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)
	=	138.5	/	(14.4	+	48.3)
	=	2.21

Spectris (LSE:SXS) 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.

Spectris Cash-to-Debt Related Terms

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Spectris (LSE:SXS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Spectris PLC (LSE:SXS) » Definitions » Cash-to-Debt

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SEPJF:USA SXSl:UK

Address

44-46 Aldwych, Melbourne House, 5th Floor, London, GBR, WC2B 4LL

Website

http://www.spectris.com

Spectris PLC supplies measuring instruments for research and industrial applications. The firm operates in four segments: Industrial Solutions, which includes a range of specialty businesses involved in particle measurement and testing; Malvern Panalytical, which provides tools for measuring the structure, size, and amount of particles during research and production; HBK, which makes measuring tools for product design and improvement; and Omega, which provides tools for measuring and controlling temperature, humidity, pressure, and conductivity. Revenue is generated in Asia, Europe, and North America in industries such as pharmaceutical, mining, and academic research.

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