Gestamp Automocion (LTS:0ROM) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Gestamp Automocion 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. Gestamp Automocion's cash to debt ratio for the quarter that ended in Mar. 2024 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, Gestamp Automocion could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(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 Gestamp Automocion's Cash-to-Debt or its related term are showing as below:

LTS:0ROM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.45 Max: No Debt
Current: 0.3

During the past 12 years, Gestamp Automocion's highest Cash to Debt Ratio was No Debt. The lowest was 0.15. And the median was 0.45.

LTS:0ROM's Cash-to-Debt is ranked worse than
60.02% of 1293 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs LTS:0ROM: 0.30

Gestamp Automocion Cash-to-Debt Historical Data

The historical data trend for Gestamp Automocion'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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Gestamp Automocion Cash-to-Debt Chart

Gestamp Automocion Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.20

0.48

0.39

0.44

0.37

Gestamp Automocion Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	0.47	No Debt	0.37	No Debt

Competitive Comparison of Gestamp Automocion's Cash-to-Debt

For the Auto Parts subindustry, Gestamp Automocion'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.

Gestamp Automocion's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Gestamp Automocion's Cash-to-Debt distribution charts can be found below:

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

Gestamp Automocion 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.

Gestamp Automocion'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)
	=	1264.851	/	(689.804	+	2694.646)
	=	0.37

Gestamp Automocion's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Gestamp Automocion had no debt ⁽¹⁾.

Gestamp Automocion (LTS:0ROM) 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.

Gestamp Automocion Cash-to-Debt Related Terms

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Gestamp Automocion (LTS:0ROM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Gestamp Automocion (LTS:0ROM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GESTN:Mexico GESTe:UK GEST:Spain 7GA:Germany

Address

Lebario Industrial Park, Abadino, ESP, 48220

Website

https://www.gestamp.com

Gestamp Automocion is a Spanish automobile components manufacturer. The activities of the group are focused on the design, development, and manufacturing of metal components for the automotive industry via stamping, tooling, assembly, welding, tailor welded blanks, die-cutting, and machinery. It generates the majority of its revenue from Parts, prototypes, and components; followed by Tooling; and Byproducts & containers. The company operates in the following geographical segments: Western Europe, Eastern Europe, Mercosur, North America, and Asia. It generates the highest revenue from the Western Europe segment.

Gestamp Automocion (LTS:0ROM) Headlines

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Gestamp Automocion (LTS:0ROM) Cash-to-Debt : No Debt (1) (As of Mar. 2024)