Creotech Instruments (WAR:CRI) Cash-to-Debt : 2.17 (As of Sep. 2024)

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What is Creotech Instruments 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. Creotech Instruments's cash to debt ratio for the quarter that ended in Sep. 2024 was 2.17.

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, Creotech Instruments could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

WAR:CRI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.86 Med: 2.04 Max: No Debt
Current: 2.17

During the past 5 years, Creotech Instruments's highest Cash to Debt Ratio was No Debt. The lowest was 0.86. And the median was 2.04.

WAR:CRI's Cash-to-Debt is ranked better than
66.35% of 312 companies
in the Aerospace & Defense industry
Industry Median: 0.84 vs WAR:CRI: 2.17

Creotech Instruments Cash-to-Debt Historical Data

The historical data trend for Creotech Instruments'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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Creotech Instruments Cash-to-Debt Chart

Creotech Instruments Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

1.84

1.98

2.04

9.22

3.05

Creotech Instruments Quarterly Data
	Dec19	Jun20	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													0.86	3.05	2.59	2.48	2.17

Competitive Comparison of Creotech Instruments's Cash-to-Debt

For the Aerospace & Defense subindustry, Creotech Instruments'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.

Creotech Instruments's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Creotech Instruments's Cash-to-Debt distribution charts can be found below:

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

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Creotech Instruments 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.

Creotech Instruments'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)
	=	73.224	/	(1.913	+	22.093)
	=	3.05

Creotech Instruments'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)
	=	51.186	/	(2.035	+	21.555)
	=	2.17

Creotech Instruments (WAR:CRI) 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.

Creotech Instruments Cash-to-Debt Related Terms

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Creotech Instruments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Creotech Instruments SA (WAR:CRI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

5OB:Germany

Address

Gen. L. Okulickiego 7/9, Piaseczno, POL, 05-500

Website

https://www.creotech.pl

Creotech Instruments SA is a provider of advanced space technologies, specialized electronics, and hardware with global applications in areas such as quantum computers, quantum cryptography, quantum physics, and high energy physics laboratories. Its five primary business segments are: NewSpace dedicated to developing a satellite platform and its components; Earth Observation dedicated to developing Earth Observation systems and UAV technology (Unmanned Aerial Vehicle); Science dedicated to developing specialized electronics and components for quantum computers and time synchronization systems; Production dedicated to the manufacture of electronics; ESA Projects dedicated chiefly to projects carried in partnership with or/and commissioned by the European Space Agency (ESA).