Allane SE (LTS:0R88) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Allane SE 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. Allane SE's cash to debt ratio for the quarter that ended in Sep. 2023 was No Debt ⁽¹⁾.

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, Allane SE could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(1) 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.

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

LTS:0R88' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.51 Max: No Debt
Current: 0.01

During the past 9 years, Allane SE's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.51.

LTS:0R88's Cash-to-Debt is ranked worse than
97.84% of 1064 companies
in the Business Services industry
Industry Median: 1 vs LTS:0R88: 0.01

Allane SE Cash-to-Debt Historical Data

The historical data trend for Allane SE'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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Allane SE Cash-to-Debt Chart

Allane SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.01

Allane SE Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	0.01	No Debt	-	No Debt

Competitive Comparison of Allane SE's Cash-to-Debt

For the Rental & Leasing Services subindustry, Allane SE'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.

Allane SE's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Allane SE's Cash-to-Debt distribution charts can be found below:

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

Allane SE 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.

Allane SE's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	5.168	/	(276.204	+	529.71)
	=	0.01

Allane SE's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Allane SE had no debt ⁽¹⁾.

Allane SE (LTS:0R88) 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.

Allane SE Cash-to-Debt Related Terms

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

Allane SE (LTS:0R88) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Allane SE (LTS:0R88) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LNSX:Germany

Address

Dr. Carl von Linde Strage 2, Pullach, BY, DEU, 82049

Website

https://www.allane-mobility-group.com

Allane SE Formerly Sixt Leasing SE provides leasing solutions to private, corporate, fleet and international customers. It has two business segments: Leasing and Fleet management. Leasing segment consists of two business fields: Fleet leasing and retail leasing. The company mainly operates in Germany and other European markets.

Allane SE (LTS:0R88) Headlines

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Allane SE (LTS:0R88) Cash-to-Debt : No Debt (1) (As of Sep. 2023)