Delek Automotive Systems (XTAE:DLEA) Cash-to-Debt : 0.02 (As of Mar. 2024)

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What is Delek Automotive Systems 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. Delek Automotive Systems's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.02.

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, Delek Automotive Systems couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

XTAE:DLEA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.4
Current: 0.02

During the past 13 years, Delek Automotive Systems's highest Cash to Debt Ratio was 0.40. The lowest was 0.01. And the median was 0.04.

XTAE:DLEA's Cash-to-Debt is ranked worse than
96.08% of 1302 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs XTAE:DLEA: 0.02

Delek Automotive Systems Cash-to-Debt Historical Data

The historical data trend for Delek Automotive Systems'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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Delek Automotive Systems Cash-to-Debt Chart

Delek Automotive Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.02

0.04

0.07

0.02

Delek Automotive Systems Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.03	0.03	0.02	0.02	0.02

Competitive Comparison of Delek Automotive Systems's Cash-to-Debt

For the Auto & Truck Dealerships subindustry, Delek Automotive Systems'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.

Delek Automotive Systems's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Delek Automotive Systems's Cash-to-Debt distribution charts can be found below:

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

Delek Automotive Systems 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.

Delek Automotive Systems'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)
	=	133.273	/	(2183.574	+	3350.272)
	=	0.02

Delek Automotive Systems's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	107.07	/	(2755.478	+	2903.08)
	=	0.02

Delek Automotive Systems (XTAE:DLEA) 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.

Delek Automotive Systems Cash-to-Debt Related Terms

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Delek Automotive Systems (XTAE:DLEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Delek Automotive Systems Ltd (XTAE:DLEA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Abba Eban Boulevard, P.O.B. 2054, Herzeliya, ISR, 4612001

Website

http://www.delek-group.com

Delek Automotive Systems, headquartered in Israel, is engaged in import, distribution, and marketing of vehicles and vehicle parts. The company is part of Delek Group, which is involved in energy and infrastructure, insurance and finance, automotive, and chemicals. Delek Automotive Systems mainly distributes Mazda, Ford, Lincoln, and BMW vehicles. Delek Automotive Systems operates two subsidiaries: Delek Motors and Kamor Motors.

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