Chemical Works of Gedeon Richter (LTS:0QFP) Cash-to-Debt : 1.04 (As of Jun. 2024)

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What is Chemical Works of Gedeon Richter 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. Chemical Works of Gedeon Richter's cash to debt ratio for the quarter that ended in Jun. 2024 was 1.04.

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, Chemical Works of Gedeon Richter could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Chemical Works of Gedeon Richter's Cash-to-Debt or its related term are showing as below:

LTS:0QFP' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.04 Med: 3.55 Max: 64497.5
Current: 1.04

During the past 13 years, Chemical Works of Gedeon Richter's highest Cash to Debt Ratio was 64497.50. The lowest was 1.04. And the median was 3.55.

LTS:0QFP's Cash-to-Debt is ranked better than
51.86% of 1022 companies
in the Drug Manufacturers industry
Industry Median: 0.93 vs LTS:0QFP: 1.04

Chemical Works of Gedeon Richter Cash-to-Debt Historical Data

The historical data trend for Chemical Works of Gedeon Richter'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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Chemical Works of Gedeon Richter Cash-to-Debt Chart

Chemical Works of Gedeon Richter Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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9.28

10.28

2.41

5.63

3.55

Chemical Works of Gedeon Richter Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															8.68	5.76	2.87	3.55	1.04

Competitive Comparison of Chemical Works of Gedeon Richter's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, Chemical Works of Gedeon Richter'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.

Chemical Works of Gedeon Richter's Cash-to-Debt Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Chemical Works of Gedeon Richter's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Chemical Works of Gedeon Richter's Cash-to-Debt falls into.

Chemical Works of Gedeon Richter 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.

Chemical Works of Gedeon Richter'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)
	=	88186	/	(6393	+	18457)
	=	3.55

Chemical Works of Gedeon Richter'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)
	=	57854	/	(40531	+	15213)
	=	1.04

Chemical Works of Gedeon Richter (LTS:0QFP) 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.

Chemical Works of Gedeon Richter Cash-to-Debt Related Terms

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Chemical Works of Gedeon Richter Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Chemical Works of Gedeon Richter PLC (LTS:0QFP) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

RICHTER:Hungary RIG2:Germany

Address

Gyomroi ut 19-21, Budapest, HUN, 1103

Website

https://www.gedeonrichter.com/hu-hu

Chemical Works of Gedeon Richter PLC is a pharmaceutical company. The company focuses on the development and manufacture of gynaecological, cardiovascular, and central nervous system products. It manufactures medicines including original, generic and licensed products for treatment in the therapeutic area. The group is active in two business segments namely, the Pharma segment comprising Women's Healthcare, Neuropsychiatry, Biotechnology, General Medicine, and Other pharma; and the Others segment includes the remaining wholesale and retail business of the Group and all other activities. The company operates internationally.

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