Phoenix Mecano AG (XSWX:PMN) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2024)

View and export this data going back to 1996. Start your Free Trial

What is Phoenix Mecano 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. Phoenix Mecano 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, Phoenix Mecano 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 Phoenix Mecano AG's Cash-to-Debt or its related term are showing as below:

XSWX:PMN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 0.61 Max: No Debt
Current: 0.71

During the past 13 years, Phoenix Mecano AG's highest Cash to Debt Ratio was No Debt. The lowest was 0.26. And the median was 0.61.

XSWX:PMN's Cash-to-Debt is ranked worse than
60.61% of 3008 companies
in the Industrial Products industry
Industry Median: 1.24 vs XSWX:PMN: 0.71

Phoenix Mecano AG Cash-to-Debt Historical Data

The historical data trend for Phoenix Mecano 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.

* Premium members only.

Phoenix Mecano AG Cash-to-Debt Chart

Phoenix Mecano AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.49

0.43

0.57

0.51

1.07

Phoenix Mecano 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	0.51	No Debt	1.07	No Debt

Competitive Comparison of Phoenix Mecano AG's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Phoenix Mecano 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.

Phoenix Mecano AG's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Phoenix Mecano AG's Cash-to-Debt distribution charts can be found below:

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

Save Embed

;

Save Embed

;

Phoenix Mecano 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.

Phoenix Mecano 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)
	=	124.366	/	(55.964	+	60.666)
	=	1.07

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

Phoenix Mecano AG had no debt ⁽¹⁾.

Phoenix Mecano AG (XSWX:PMN) 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.

Phoenix Mecano AG Cash-to-Debt Related Terms

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

Phoenix Mecano AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Phoenix Mecano AG (XSWX:PMN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PMNz:UK 0QKP:UK PMNE:Switzerland

Address

Hofwisenstrasse 6, Stein am Rhein, CHE, CH-8260

Website

https://www.phoenix-mecano.com

Phoenix Mecano AG is a technology company that manufactures and develops enclosures, mechanical components, and electronic components (ELCOM). It has three operating segments. Enclosures Systems are made of aluminium, plastic and glass-fibre reinforced polyester, machine control boards and suspension systems for protecting electronics; Industrial Components segment includes Aluminium profiles, pipe connection systems, conveyor components, linear units, electric cylinders, lifting columns, switches, plug connectors, and others; DewertOkin Technology Group includes fittings technology for industry and electrically adjustable furniture for the home and hospital care sectors. Geographically, it has operations in Switzerland, Germany, the UK, France, Italy, the Netherlands, and other areas.