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Mattr (TSX:MATR) Cash-to-Debt : 0.56 (As of Sep. 2024)


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What is Mattr 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. Mattr's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.56.

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, Mattr couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

TSX:MATR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16   Med: 0.43   Max: 1.44
Current: 0.56

During the past 13 years, Mattr's highest Cash to Debt Ratio was 1.44. The lowest was 0.16. And the median was 0.43.

TSX:MATR's Cash-to-Debt is ranked better than
51.27% of 987 companies
in the Oil & Gas industry
Industry Median: 0.52 vs TSX:MATR: 0.56

Mattr Cash-to-Debt Historical Data

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

Mattr Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.19 0.42 0.36 0.98 1.44

Mattr Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.42 1.44 1.35 0.76 0.56

Competitive Comparison of Mattr's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, Mattr'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.

Mattr's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Mattr's Cash-to-Debt distribution charts can be found below:

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


Mattr 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.

Mattr'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)
=334.061 / (11.33 + 221.134)
=1.44

Mattr's Cash to Debt Ratio for the quarter that ended in Sep. 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)
=186.015 / (10.195 + 321.75)
=0.56

* 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.

Mattr  (TSX:MATR) 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.

Mattr Cash-to-Debt Related Terms

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Mattr Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Mattr Corp (TSX:MATR) » Definitions » Cash-to-Debt
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TSX:TCW TSX:NOA TSX:PSI TSX:TOT TSX:STEP TSX:CFW TSX:SHLE TSX:E TSX:PSD TSX:EFX SLB BKR HAL MIL:TEN FTI SHSE:601808 NOV WFRD CHX SHSE:600968
Traded in Other Exchanges
MTTRF:USA Y6R:Germany Y6R:Germany
Address
25 Bethridge Road, Toronto, ON, CAN, M9W 1M7
Website
https://www.mattr.com
Mattr Corp is a materials technology company broadly serving critical infrastructure markets, including transportation, communication, water management, energy, and electrification. The company operates through a network of fixed manufacturing and service facilities. Its business segments are Composite Technologies, and Connection Technologies. Majority of the revenue is generated from the Composite Technologies segment which manufactures flexible composite pipes used predominantly for oil and gas gathering lines, and other applications operating under the Flexpipe brand. Under the Xerxes brand, this segment also manufactures FRP underground storage tanks for the retail fuel and other markets. Geographically, the company generates a majority of its revenue from Canada.
Executives
Thomas Ray Holloway Senior Officer
Michael Edward Reeves Senior Officer
Kevin Nugent Director
Alan Roy Hibben Director
Frank Cistrone Senior Officer