DSM Firmenich AG (LTS:0AC9) Cash-to-Debt : 0.24 (As of Jun. 2024)

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What is DSM Firmenich 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. DSM Firmenich AG's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.24.

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, DSM Firmenich AG 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 DSM Firmenich AG's Cash-to-Debt or its related term are showing as below:

LTS:0AC9' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24 Med: 0.64 Max: 0.94
Current: 0.24

During the past 3 years, DSM Firmenich AG's highest Cash to Debt Ratio was 0.94. The lowest was 0.24. And the median was 0.64.

LTS:0AC9's Cash-to-Debt is ranked worse than
72.66% of 1547 companies
in the Chemicals industry
Industry Median: 0.69 vs LTS:0AC9: 0.24

DSM Firmenich AG Cash-to-Debt Historical Data

The historical data trend for DSM Firmenich 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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DSM Firmenich AG Cash-to-Debt Chart

DSM Firmenich AG Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

0.94

0.53

DSM Firmenich AG Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial			0.68	0.94	0.64	0.53	0.24

Competitive Comparison of DSM Firmenich AG's Cash-to-Debt

For the Specialty Chemicals subindustry, DSM Firmenich 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.

DSM Firmenich AG's Cash-to-Debt Distribution in the Chemicals Industry

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

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

DSM Firmenich 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.

DSM Firmenich AG'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)
	=	2563	/	(716	+	4114)
	=	0.53

DSM Firmenich AG'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)
	=	1086	/	(972	+	3610)
	=	0.24

DSM Firmenich AG (LTS:0AC9) 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.

DSM Firmenich AG Cash-to-Debt Related Terms

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DSM Firmenich AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » DSM Firmenich AG (LTS:0AC9) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DSFIY:USA DSMFF:USA DSFIR:Netherlands DSFIRa:UK ZX6:Germany DSFI:Austria

Address

Wurmisweg 576, Kaiseraugst, CHE, 4303

Website

https://www.dsm-firmenich.com/corporate/home.html

DSM-Firmenich is a global science-based company formed in 2023 through the merger of DSM, a Dutch nutrition, health, and sustainable living player, and Switzerland-based Firmenich, the third-largest player in the flavor and fragrance market. The company serves a wide range of end-consumer markets providing nutrition solutions ranging from animal feed to medical and early-life nutrition, fragrances for personal-, home-, and laundry-care brands, prestige perfumes, and other ingredients for food and beverage, home, and personal care. DSM-Firmenich has nearly 30,000 employees, with more than 2,000 scientists and engineers spread across 15 research and development facilities.

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