Rimoni Industries (XTAE:RIMO) Cash-to-Debt : 8.45 (As of Dec. 2024)

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What is Rimoni Industries 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. Rimoni Industries's cash to debt ratio for the quarter that ended in Dec. 2024 was 8.45.

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, Rimoni Industries could pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

XTAE:RIMO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.6 Max: 8.45
Current: 8.45

During the past 9 years, Rimoni Industries's highest Cash to Debt Ratio was 8.45. The lowest was 0.15. And the median was 0.60.

XTAE:RIMO's Cash-to-Debt is ranked better than
81.48% of 1550 companies
in the Chemicals industry
Industry Median: 0.71 vs XTAE:RIMO: 8.45

Rimoni Industries Cash-to-Debt Historical Data

The historical data trend for Rimoni Industries'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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Rimoni Industries Cash-to-Debt Chart

Rimoni Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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0.53

0.97

0.15

7.48

8.45

Rimoni Industries Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															7.48	9.79	10.45	7.20	8.45

Competitive Comparison of Rimoni Industries's Cash-to-Debt

For the Specialty Chemicals subindustry, Rimoni Industries'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.

Rimoni Industries's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Rimoni Industries's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Rimoni Industries's Cash-to-Debt falls into.

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Rimoni Industries 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.

Rimoni Industries's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	21.609	/	(1.051	+	1.506)
	=	8.45

Rimoni Industries's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	21.609	/	(1.051	+	1.506)
	=	8.45

Rimoni Industries (XTAE:RIMO) 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.

Rimoni Industries Cash-to-Debt Related Terms

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Rimoni Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Rimoni Industries Ltd (XTAE:RIMO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

27 Tzela Hahar Street, Modi'in-Maccabim-Re'ut, ISR, 7173000

Website

http://www.rimoni-ind.com

Rimoni Industries Ltd is engaged in the manufacturing of molds for plastics & metals industries. It is specializes in manufacturing injection molds and in precise injection-molding for the automotive, medical, electronic and agricultural industries. It also provides services such as mold design, mold making, plastic injection, assembly, packaging and shipping.

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