Electra Consumer Products (XTAE:ECP) Cash-to-Debt : 0.15 (As of Mar. 2024)

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What is Electra Consumer Products 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. Electra Consumer Products's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.15.

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, Electra Consumer Products 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 Electra Consumer Products's Cash-to-Debt or its related term are showing as below:

XTAE:ECP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.18 Max: 2.06
Current: 0.15

During the past 13 years, Electra Consumer Products's highest Cash to Debt Ratio was 2.06. The lowest was 0.07. And the median was 0.18.

XTAE:ECP's Cash-to-Debt is ranked worse than
91.53% of 2479 companies
in the Hardware industry
Industry Median: 1.32 vs XTAE:ECP: 0.15

Electra Consumer Products Cash-to-Debt Historical Data

The historical data trend for Electra Consumer Products'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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Electra Consumer Products Cash-to-Debt Chart

Electra Consumer Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.57

2.06

0.15

0.18

0.15

Electra Consumer Products 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															0.17	0.12	0.11	0.15	0.15

Competitive Comparison of Electra Consumer Products's Cash-to-Debt

For the Consumer Electronics subindustry, Electra Consumer Products'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.

Electra Consumer Products's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Electra Consumer Products's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Electra Consumer Products's Cash-to-Debt falls into.

Electra Consumer Products 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.

Electra Consumer Products'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)
	=	480.996	/	(637.347	+	2650.841)
	=	0.15

Electra Consumer Products'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)
	=	578.639	/	(559.848	+	3373.78)
	=	0.15

Electra Consumer Products (XTAE:ECP) 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.

Electra Consumer Products Cash-to-Debt Related Terms

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

Electra Consumer Products (XTAE:ECP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Electra Consumer Products Ltd (XTAE:ECP) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

1 Sapir Street, New Industrial Zone, Rishon Lezion, ISR, 75704

Website

http://www.electra-consumer.co.il

Electra Consumer Products Ltd engages in the field of household electrical appliances, air conditioning, and communications. The group operates in three fields of operations of which the First field is importing, manufacturing, exporting, marketing, sale, and distribution of electrical consumer products as well as the provision of services for products; the Second field consists of the operation of retail marketing chains for the sale of electrical consumer products in Israel and the Third field includes the operation of "Do It Yourself" chains - retail chains specializing in the provision of home design and maintenance solutions and in the field of products for motor vehicles field. Geographically, the firm is Israel based and it derives revenue from sales and the provision of services.

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