Industrias Ales (QUI:IND) Cash-to-Debt : 0.01 (As of Jun. 2022)

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What is Industrias Ales 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. Industrias Ales's cash to debt ratio for the quarter that ended in Jun. 2022 was 0.01.

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, Industrias Ales couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2022.

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

QUI:IND's Cash-to-Debt is not ranked ^*
in the Conglomerates industry.
Industry Median: 0.48
* Ranked among companies with meaningful Cash-to-Debt only.

Industrias Ales Cash-to-Debt Historical Data

The historical data trend for Industrias Ales'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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Industrias Ales Cash-to-Debt Chart

Industrias Ales Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Cash-to-Debt

0.03

0.02

Industrias Ales Semi-Annual Data
	Jun14	Jun15	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Jun22
Cash-to-Debt	Get a 7-Day Free Trial								0.02	0.02	-	0.03	0.01

Competitive Comparison of Industrias Ales's Cash-to-Debt

For the Conglomerates subindustry, Industrias Ales'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.

Industrias Ales's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Industrias Ales's Cash-to-Debt distribution charts can be found below:

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

Industrias Ales 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.

Industrias Ales's Cash to Debt Ratio for the fiscal year that ended in Dec. 2020 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)
	=	0.274	/	(0	+	68.089)
	=	0.00

Industrias Ales's Cash to Debt Ratio for the quarter that ended in Jun. 2022 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)
	=	0.889	/	(0	+	68.023)
	=	0.01

Industrias Ales (QUI:IND) 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.

Industrias Ales Cash-to-Debt Related Terms

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

Industrias Ales (QUI:IND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Industrias Ales SA (QUI:IND) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Av Galo Plaza N51-23, Quito, ECU

Website

https://www.ales.com.ec

Industrias Ales SA is an Ecuador-based Agroindustrial company. It is engaged in the manufacturing and marketing of food and cleaning products. The products category of the company include food, confits, Home care and personal care.

Industrias Ales (QUI:IND) Headlines

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