Cargotec Oyj (OHEL:CGCBV) Cash-to-Debt : 1.22 (As of Mar. 2024)

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What is Cargotec Oyj 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. Cargotec Oyj's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.22.

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, Cargotec Oyj could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

OHEL:CGCBV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 0.3 Max: 1.22
Current: 1.22

During the past 13 years, Cargotec Oyj's highest Cash to Debt Ratio was 1.22. The lowest was 0.14. And the median was 0.30.

OHEL:CGCBV's Cash-to-Debt is ranked better than
63.59% of 206 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.565 vs OHEL:CGCBV: 1.22

Cargotec Oyj Cash-to-Debt Historical Data

The historical data trend for Cargotec Oyj'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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Cargotec Oyj Cash-to-Debt Chart

Cargotec Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.34

0.41

0.53

0.54

0.79

Cargotec Oyj 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															0.53	0.40	0.52	0.79	1.22

Competitive Comparison of Cargotec Oyj's Cash-to-Debt

For the Farm & Heavy Construction Machinery subindustry, Cargotec Oyj'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.

Cargotec Oyj's Cash-to-Debt Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Cargotec Oyj's Cash-to-Debt distribution charts can be found below:

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

Cargotec Oyj 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.

Cargotec Oyj'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)
	=	684.7	/	(158.4	+	708.2)
	=	0.79

Cargotec Oyj's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	458.2	/	(130.2	+	244.2)
	=	1.22

Cargotec Oyj (OHEL:CGCBV) 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.

Cargotec Oyj Cash-to-Debt Related Terms

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

Cargotec Oyj (OHEL:CGCBV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Cargotec Oyj (OHEL:CGCBV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0MGH:UK C1C:Germany

Address

Porkkalankatu 5, Helsinki, FIN, 00180

Website

https://www.cargotec.com

Cargotec Oyj provides cargo and load handling solutions. Its product portfolio consists of a wide range of handling equipment and solutions, including services for terminals and distribution centers, spare parts for on-road delivery, and systems for handling marine cargo. Mobile equipment mixed with automation and energy-efficient offerings helps customers integrate different handling processes. Cargotec operates three business segments: Kalmar, Hiab, and MacGregor. The majority of sales derive from distributing products, but a global network offers services and components. Customers range from small businesses to large national organizations. The company has established customer relationships in Europe/Middle East/Africa, Asia-Pacific, and the Americas.

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