Heidelberg Materials AG (MIL:1HEI) Cash-to-Debt : 0.21 (As of Jun. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Heidelberg Materials 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. Heidelberg Materials AG's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.21.

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

MIL:1HEI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 0.21 Max: 0.39
Current: 0.21

During the past 13 years, Heidelberg Materials AG's highest Cash to Debt Ratio was 0.39. The lowest was 0.14. And the median was 0.21.

MIL:1HEI's Cash-to-Debt is ranked worse than
66.49% of 388 companies
in the Building Materials industry
Industry Median: 0.42 vs MIL:1HEI: 0.21

Heidelberg Materials AG Cash-to-Debt Historical Data

The historical data trend for Heidelberg Materials 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.

* Premium members only.

Heidelberg Materials AG Cash-to-Debt Chart

Heidelberg Materials AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.30

0.29

0.39

0.21

0.39

Heidelberg Materials 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															0.20	0.21	0.16	0.39	0.21

Competitive Comparison of Heidelberg Materials AG's Cash-to-Debt

For the Building Materials subindustry, Heidelberg Materials 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.

Heidelberg Materials AG's Cash-to-Debt Distribution in the Building Materials Industry

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

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

Heidelberg Materials 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.

Heidelberg Materials 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)
	=	3203.2	/	(1910.3	+	6330)
	=	0.39

Heidelberg Materials 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)
	=	1803.5	/	(2486.4	+	6149.7)
	=	0.21

Heidelberg Materials AG (MIL:1HEI) 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.

Heidelberg Materials AG Cash-to-Debt Related Terms

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

Heidelberg Materials AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Heidelberg Materials AG (MIL:1HEI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HLBZF:USA HDELY:USA HEId:UK 0MG2:UK HEIU:Germany HEI:Germany HEI:Germany HEI:Germany HEIU:Germany HEI:Germany

Address

Berliner Strasse 6, Heidelberg, BW, DEU, 69120

Website

https://www.heidelbergmaterials.com

Heidelberg Materials is one of the world's largest building materials companies, with operations in 60 countries. Its core activities include the production of cement and aggregates, which are used to construct houses, infrastructure, and commercial facilities. The sale of cement and aggregates accounts for the majority of group revenue and profits. North America is the company's largest market, contributing 29% of EBITDA, followed by Western and Southern Europe, contributing 21%. Heidelberg Materials is listed in Germany and has 55,000 employees.

Heidelberg Materials AG Headlines

No Headlines