Amir Marketing & Investments In Agriculture (XTAE:AMRK) Cash-to-Debt : 0.16 (As of Dec. 2023)

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What is Amir Marketing & Investments In Agriculture 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. Amir Marketing & Investments In Agriculture's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.16.

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, Amir Marketing & Investments In Agriculture 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 Amir Marketing & Investments In Agriculture's Cash-to-Debt or its related term are showing as below:

XTAE:AMRK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.15 Max: 0.3
Current: 0.16

During the past 11 years, Amir Marketing & Investments In Agriculture's highest Cash to Debt Ratio was 0.30. The lowest was 0.07. And the median was 0.15.

XTAE:AMRK's Cash-to-Debt is ranked worse than
77.96% of 245 companies
in the Agriculture industry
Industry Median: 0.69 vs XTAE:AMRK: 0.16

Amir Marketing & Investments In Agriculture Cash-to-Debt Historical Data

The historical data trend for Amir Marketing & Investments In Agriculture'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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Amir Marketing & Investments In Agriculture Cash-to-Debt Chart

Amir Marketing & Investments In Agriculture Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.20

0.23

0.27

0.11

0.16

Amir Marketing & Investments In Agriculture Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.11	0.12	0.09	0.09	0.16

Competitive Comparison of Amir Marketing & Investments In Agriculture's Cash-to-Debt

For the Agricultural Inputs subindustry, Amir Marketing & Investments In Agriculture'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.

Amir Marketing & Investments In Agriculture's Cash-to-Debt Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Amir Marketing & Investments In Agriculture's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Amir Marketing & Investments In Agriculture's Cash-to-Debt falls into.

Amir Marketing & Investments In Agriculture 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.

Amir Marketing & Investments In Agriculture'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)
	=	21.057	/	(100.9	+	33.436)
	=	0.16

Amir Marketing & Investments In Agriculture'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)
	=	21.057	/	(100.9	+	33.436)
	=	0.16

Amir Marketing & Investments In Agriculture (XTAE:AMRK) 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.

Amir Marketing & Investments In Agriculture Cash-to-Debt Related Terms

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Amir Marketing & Investments In Agriculture (XTAE:AMRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Amir Marketing & Investments In Agriculture Ltd (XTAE:AMRK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Emek Hefer Industrial Park, Deer creek, Hefer, ISR, 38777

Website

http://www.amir-agricul.co.il

Amir Marketing & Investments In Agriculture Ltd markets and supplies agricultural products such as pesticides, insecticide, fertilizers, packages, technical equipment's, covers for the hothouses, pruning shears & other tools and irrigation equipment's. The company is also engaged in food mixtures for animals goats, sheeps, chickens, goose and more. Approximately 60% of the company's clients is private farmers and others are traders and private company.