AZ Electronic Materials (LSE:ZEMA) Cash-to-Debt : 0.30 (As of Dec. 2013)

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What is AZ Electronic Materials 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. AZ Electronic Materials's cash to debt ratio for the quarter that ended in Dec. 2013 was 0.30.

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, AZ Electronic Materials couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2013.

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

LSE:ZEMA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.28 Max: 0.31
Current: 0.31

During the past 5 years, AZ Electronic Materials's highest Cash to Debt Ratio was 0.31. The lowest was 0.05. And the median was 0.28.

LSE:ZEMA's Cash-to-Debt is not ranked
in the Chemicals industry.
Industry Median: 0.74 vs LSE:ZEMA: 0.31

AZ Electronic Materials Cash-to-Debt Historical Data

The historical data trend for AZ Electronic Materials'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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AZ Electronic Materials Cash-to-Debt Chart

AZ Electronic Materials Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Cash-to-Debt

0.05

0.24

0.30

0.28

0.30

AZ Electronic Materials Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13
Cash-to-Debt	Get a 7-Day Free Trial			0.30	0.32	0.28	0.24	0.30

Competitive Comparison of AZ Electronic Materials's Cash-to-Debt

For the Specialty Chemicals subindustry, AZ Electronic Materials'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.

AZ Electronic Materials's Cash-to-Debt Distribution in the Chemicals Industry

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

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

AZ Electronic Materials 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.

AZ Electronic Materials's Cash to Debt Ratio for the fiscal year that ended in Dec. 2013 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)
	=	66.856	/	(25.864	+	194.651)
	=	0.30

AZ Electronic Materials's Cash to Debt Ratio for the quarter that ended in Dec. 2013 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)
	=	66.856	/	(25.864	+	194.651)
	=	0.30

AZ Electronic Materials (LSE:ZEMA) 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.

AZ Electronic Materials Cash-to-Debt Related Terms

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AZ Electronic Materials (LSE:ZEMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AZ Electronic Materials SA (LSE:ZEMA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.azem.com

AZ Electronic Materials SA is a Luxembourg- based company engaged in producing and supplying specialty chemicals. It focuses on three business areas Integrated Circuits which involves dielectrics, underlayers, yield enhancers, CMP slurries and pattern enhancers, Display Materials and AZ products such as specialty chemicals and materials used in integrated circuits and devise as well as flat panel displays and photolithographic printing.

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