Fabryki Mebli Forte (WAR:FTE) Cash-to-Debt : 0.09 (As of Dec. 2023)

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What is Fabryki Mebli Forte 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. Fabryki Mebli Forte's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.09.

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, Fabryki Mebli Forte couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

WAR:FTE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.1 Max: 2.21
Current: 0.09

During the past 13 years, Fabryki Mebli Forte's highest Cash to Debt Ratio was 2.21. The lowest was 0.04. And the median was 0.10.

WAR:FTE's Cash-to-Debt is ranked worse than
86.86% of 411 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.95 vs WAR:FTE: 0.09

Fabryki Mebli Forte Cash-to-Debt Historical Data

The historical data trend for Fabryki Mebli Forte'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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Fabryki Mebli Forte Cash-to-Debt Chart

Fabryki Mebli Forte Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash-to-Debt

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0.09

0.07

0.10

0.21

0.08

Fabryki Mebli Forte Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.08	0.04	0.09	0.04	0.09

Competitive Comparison of Fabryki Mebli Forte's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, Fabryki Mebli Forte'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.

Fabryki Mebli Forte's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Fabryki Mebli Forte's Cash-to-Debt distribution charts can be found below:

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

Fabryki Mebli Forte 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.

Fabryki Mebli Forte's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 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)
	=	28.718	/	(83.924	+	267.609)
	=	0.08

Fabryki Mebli Forte's Cash to Debt Ratio for the quarter 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)
	=	33.039	/	(325.335	+	37.626)
	=	0.09

Fabryki Mebli Forte (WAR:FTE) 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.

Fabryki Mebli Forte Cash-to-Debt Related Terms

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

Fabryki Mebli Forte (WAR:FTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Fabryki Mebli Forte SA (WAR:FTE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul. Biala 1, Ostrow Mazowiecka, POL, 07 - 300

Website

https://company.forte.com.pl/en

Fabryki Mebli Forte SA is a manufacturer of furniture for self-assembly with a specialization in home, office, and kitchen furniture. Its product offerings include furniture systems for the lounge, dining room, bedroom, living room, sitting room, study, and children's room, as well as wall units, ready-made cabinets that can be put together in different arrangements, as well as customized kitchen projects. It has state-of-the-art manufacturing plants located in Ostrow Mazowiecka, Suwalki, Bialystok, and Hajnowka.

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