Sims (SMSMY) Cash-to-Debt : 0.30 (As of Jun. 2024)

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What is Sims 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. Sims's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.30.

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

SMSMY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.3 Med: 4.52 Max: 154.76
Current: 0.3

During the past 13 years, Sims's highest Cash to Debt Ratio was 154.76. The lowest was 0.30. And the median was 4.52.

SMSMY's Cash-to-Debt is ranked worse than
56.57% of 624 companies
in the Steel industry
Industry Median: 0.38 vs SMSMY: 0.30

Sims Cash-to-Debt Historical Data

The historical data trend for Sims'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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Sims Cash-to-Debt Chart

Sims Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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0.50

0.49

0.38

0.41

0.30

Sims 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															0.38	0.53	0.41	0.25	0.30

Competitive Comparison of Sims's Cash-to-Debt

For the Steel subindustry, Sims'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.

Sims's Cash-to-Debt Distribution in the Steel Industry

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

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

Sims 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.

Sims's Cash to Debt Ratio for the fiscal year 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)
	=	186.454	/	(158.3	+	472.045)
	=	0.30

Sims'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)
	=	186.454	/	(158.3	+	472.045)
	=	0.30

Sims (OTCPK:SMSMY) 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.

Sims Cash-to-Debt Related Terms

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Sims Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Sims Ltd (OTCPK:SMSMY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SMUPF:USA I8M:Germany SGM:Australia

Address

189 O’Riordan Street, Suite 2, Level 9, Mascot, Sydney, NSW, AUS, 2020

Website

https://www.simsltd.com

Sims Ltd was created from the 2008 merger of two metal-recycling companies: Australia's Sims Group and America's Metal Management. The company is publicly traded metal and electronics recycler, with roughly half of its revenue generated in North America and the balance split between Australasia and Europe. The company buys, processes and sells ferrous and non-ferrous discarded metals. The company's segment includes North America Metal, Australia/New Zealand Metal, Global Trading, Investment in SA Recycling, UK metal, and Sims Lifecycle Services. The company generates the majority revenue from North America Metal segment.