ONXYY (Ontex Group NV) Cash-to-Debt : 0.12 (As of Jun. 2024)

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What is Ontex Group NV 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. Ontex Group NV's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.12.

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, Ontex Group NV 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 Ontex Group NV's Cash-to-Debt or its related term are showing as below:

ONXYY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.16 Max: 0.38
Current: 0.12

During the past 13 years, Ontex Group NV's highest Cash to Debt Ratio was 0.38. The lowest was 0.06. And the median was 0.16.

ONXYY's Cash-to-Debt is ranked worse than
76.52% of 1878 companies
in the Consumer Packaged Goods industry
Industry Median: 0.51 vs ONXYY: 0.12

Ontex Group NV Cash-to-Debt Historical Data

The historical data trend for Ontex Group NV'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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Ontex Group NV Cash-to-Debt Chart

Ontex Group NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.14

0.35

0.27

0.14

0.12

Ontex Group NV Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.14	N/A	0.12	0.12	N/A

Competitive Comparison of Ontex Group NV's Cash-to-Debt

For the Household & Personal Products subindustry, Ontex Group NV'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.

Ontex Group NV's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ontex Group NV's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ontex Group NV's Cash-to-Debt falls into.

Ontex Group NV 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.

Ontex Group NV'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)
	=	105.998	/	(153.98	+	732.606)
	=	0.12

Ontex Group NV'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)
	=	93.003	/	(65.231	+	722.605)
	=	0.12

Ontex Group NV (OTCPK:ONXYY) 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.

Ontex Group NV Cash-to-Debt Related Terms

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

Ontex Group NV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ontex Group NV (OTCPK:ONXYY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ONXXF:USA 0QVQ:UK OT7:Germany ONTEX:Belgium ONTX:Austria

Address

Korte Keppestraat 21, Erembodegem, Aalst, BEL, 9320

Website

https://www.ontex.com

Ontex Group NV is an international producer of personal hygiene solutions offered in Europe, Russia, the Middle East, North Africa, and the Americas. The Group's activities are in one segment which is Hygienic Disposable Products. Baby care offers mainly diapers and training underpants under a variety of brands: at a lower price point, Canbebe is offered across the Middle East and Africa; Helen Harper Baby is offered across Eastern Europe, Russia, and Africa; ecological diapers such as Bio Baby are offered across Germany; and the Kiddies brand is offered in Mexico. Feminine Care offers towels, liners, and tampons under the Helen Harper and Fiore brands. Adult Care offers incontinence products, pull-up pants, and adult diapers under the Serenity, Id, Canped, and Euron brands.