Controladora NemakB De CV (MEX:NMKA) Cash-to-Debt : 0.13 (As of Sep. 2021)

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What is Controladora NemakB De CV 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. Controladora NemakB De CV's cash to debt ratio for the quarter that ended in Sep. 2021 was 0.13.

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, Controladora NemakB De CV couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2021.

The historical rank and industry rank for Controladora NemakB De CV's Cash-to-Debt or its related term are showing as below:

MEX:NMKA's Cash-to-Debt is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 0.58
* Ranked among companies with meaningful Cash-to-Debt only.

Controladora NemakB De CV Cash-to-Debt Historical Data

The historical data trend for Controladora NemakB De CV'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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Controladora NemakB De CV Cash-to-Debt Chart

Controladora NemakB De CV Annual Data

Trend

Dec17

Dec18

Dec19

Cash-to-Debt

0.13

0.12

0.21

Controladora NemakB De CV Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21
Cash-to-Debt	Get a 7-Day Free Trial					N/A	0.32	0.19	0.36	0.13

Competitive Comparison of Controladora NemakB De CV's Cash-to-Debt

For the Auto Parts subindustry, Controladora NemakB De CV'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.

Controladora NemakB De CV's Cash-to-Debt Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Controladora NemakB De CV's Cash-to-Debt falls into.

Controladora NemakB De CV 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.

Controladora NemakB De CV's Cash to Debt Ratio for the fiscal year that ended in Dec. 2019 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)
	=	5883	/	(2670	+	25921)
	=	0.21

Controladora NemakB De CV's Cash to Debt Ratio for the quarter that ended in Sep. 2021 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)
	=	4267.674	/	(5992.447	+	27418.118)
	=	0.13

Controladora NemakB De CV (MEX:NMKA) 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.

Controladora NemakB De CV Cash-to-Debt Related Terms

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Controladora NemakB De CV (MEX:NMKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Controladora Nemak SAB De CV (MEX:NMKA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Librameinto Arco Vial Km 3.8, Garcia, NL, MEX, 66000

Website

https://www.nemak.com

Controladora Nemak SAB De CV manufactures and markets lightweighting solutions for the Automotive industry. The company specializes in the development of aluminum components for powertrain and body structure applications. The product portfolio includes cylinder heads, engine blocks, transmission cases, shock towers, subframes, battery housings, and other products.

Controladora NemakB De CV (MEX:NMKA) Headlines

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