Kemira Oyj (LTS:0MGG) Cash-to-Debt : 0.64 (As of Dec. 2024)

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What is Kemira Oyj 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. Kemira Oyj's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.64.

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, Kemira Oyj couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

LTS:0MGG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 0.19 Max: 0.64
Current: 0.64

During the past 13 years, Kemira Oyj's highest Cash to Debt Ratio was 0.64. The lowest was 0.14. And the median was 0.19.

LTS:0MGG's Cash-to-Debt is ranked worse than
51.55% of 1544 companies
in the Chemicals industry
Industry Median: 0.7 vs LTS:0MGG: 0.64

Kemira Oyj Cash-to-Debt Historical Data

The historical data trend for Kemira Oyj'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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Kemira Oyj Cash-to-Debt Chart

Kemira Oyj Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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0.17

0.14

0.25

0.43

0.64

Kemira Oyj Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.43	0.60	0.51	0.58	0.64

Competitive Comparison of Kemira Oyj's Cash-to-Debt

For the Chemicals subindustry, Kemira Oyj'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.

Kemira Oyj's Cash-to-Debt Distribution in the Chemicals Industry

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

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

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Kemira Oyj 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.

Kemira Oyj's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	519.2	/	(263.6	+	547.1)
	=	0.64

Kemira Oyj's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	519.2	/	(263.6	+	547.1)
	=	0.64

Kemira Oyj (LTS:0MGG) 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.

Kemira Oyj Cash-to-Debt Related Terms

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

Kemira Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kemira Oyj (LTS:0MGG) » Definitions » Cash-to-Debt

Traded in Other Exchanges

KOYJF:USA KEMIRA:Finland KEM:Germany

Address

Energiakatu 4, P.O. Box 330, Helsinki, FIN, 00180

Website

https://www.kemira.com

Kemira Oyj is a chemicals company serving customers in water-intensive industries. It provides expertise in applications and chemicals that improve customers' efficient use of water, energy, and raw materials. Its product offerings include biocides, barrier coatings, biocides and preservatives for pulp and paper, bleaching chemicals, chemical flocculants, defoamers, etc. Along with its subsidiaries, the company's operating business segments are; Pulp & Paper and Industry & Water. Maximum revenue is generated from its Pulp & Paper segment which offers additives, biocides, preservatives, and other chemicals for the pulp and paper industry. Geographically, the company derives its key revenue from EMEA (Europe, Middle East, Africa) followed by the Americas and the Asia-Pacific region.

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