Innotec Tss AG (STU:TSS) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2024)

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What is Innotec Tss 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. Innotec Tss AG's cash to debt ratio for the quarter that ended in Jun. 2024 was No Debt ⁽¹⁾.

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, Innotec Tss AG could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

(1) 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.

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

STU:TSS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.5 Med: 1.92 Max: No Debt
Current: 0.69

During the past 13 years, Innotec Tss AG's highest Cash to Debt Ratio was No Debt. The lowest was 0.50. And the median was 1.92.

STU:TSS's Cash-to-Debt is ranked better than
52.67% of 1722 companies
in the Construction industry
Industry Median: 0.62 vs STU:TSS: 0.69

Innotec Tss AG Cash-to-Debt Historical Data

The historical data trend for Innotec Tss 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.

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Innotec Tss AG Cash-to-Debt Chart

Innotec Tss AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.78

2.05

1.91

1.63

2.13

Innotec Tss 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															No Debt	1.63	No Debt	2.13	No Debt

Competitive Comparison of Innotec Tss AG's Cash-to-Debt

For the Building Products & Equipment subindustry, Innotec Tss 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.

Innotec Tss AG's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Innotec Tss AG's Cash-to-Debt distribution charts can be found below:

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

Innotec Tss 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.

Innotec Tss 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)
	=	27.486	/	(3.601	+	9.309)
	=	2.13

Innotec Tss AG's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:

Innotec Tss AG had no debt ⁽¹⁾.

Innotec Tss AG (STU:TSS) 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.

Innotec Tss AG Cash-to-Debt Related Terms

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Innotec Tss AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Innotec Tss AG (STU:TSS) » Definitions » Cash-to-Debt

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TSS:Germany

Address

Grunerstrasse 62, Duesseldorf, DEU, 40239

Website

https://www.innotectss.de

Innotec Tss AG manufactures door systems & products for structural engineering. It operates two divisions: Door Systems, which manufactures door panels series & door systems, and Structural Engineering, a provider for the building construction industry.