Gurit Holding AG (LTS:0QQR) Cash-to-Debt : 0.20 (As of Jun. 2024)

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What is Gurit Holding 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. Gurit Holding AG's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.20.

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

LTS:0QQR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.52 Max: 123.24
Current: 0.2

During the past 13 years, Gurit Holding AG's highest Cash to Debt Ratio was 123.24. The lowest was 0.13. And the median was 0.52.

LTS:0QQR's Cash-to-Debt is ranked worse than
77.07% of 1548 companies
in the Chemicals industry
Industry Median: 0.69 vs LTS:0QQR: 0.20

Gurit Holding AG Cash-to-Debt Historical Data

The historical data trend for Gurit Holding 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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Gurit Holding AG Cash-to-Debt Chart

Gurit Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.46

0.70

0.43

0.24

0.17

Gurit Holding AG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.24	0.24	0.13	0.17	0.20

Competitive Comparison of Gurit Holding AG's Cash-to-Debt

For the Specialty Chemicals subindustry, Gurit Holding 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.

Gurit Holding AG's Cash-to-Debt Distribution in the Chemicals Industry

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

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

Gurit Holding 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.

Gurit Holding 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)
	=	12.518	/	(16.082	+	56.316)
	=	0.17

Gurit Holding 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)
	=	15.74	/	(2.854	+	76.334)
	=	0.20

Gurit Holding AG (LTS:0QQR) 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.

Gurit Holding AG Cash-to-Debt Related Terms

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Gurit Holding AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Gurit Holding AG (LTS:0QQR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GURNz:UK GURN:Switzerland

Address

Ebnaterstrasse 79, Wattwil, CHE, CH-9630

Website

https://www.gurit.com

Gurit Holding AG and its subsidiaries is engaged in the development and manufacture of composite materials, core kitting services, composite tooling equipment and pultruded structural profiles. The segments of the company are Wind materials, Manufacturing solutions, and Marine and Industrial. The company generates maximum revenue from wind materials. The company's geographical segments are Europe, Asia, the Americas, and the Rest of the world.

Gurit Holding AG Headlines

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