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AirBoss of America (AirBoss of America) Cash-to-Debt : 0.22 (As of Dec. 2023)


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What is AirBoss of America 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. AirBoss of America's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.22.

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, AirBoss of America 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 AirBoss of America's Cash-to-Debt or its related term are showing as below:

ABSSF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0   Med: 0.24   Max: 0.96
Current: 0.22

During the past 13 years, AirBoss of America's highest Cash to Debt Ratio was 0.96. The lowest was 0.00. And the median was 0.24.

ABSSF's Cash-to-Debt is ranked worse than
77.4% of 1553 companies
in the Chemicals industry
Industry Median: 0.74 vs ABSSF: 0.22

AirBoss of America Cash-to-Debt Historical Data

The historical data trend for AirBoss of America'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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AirBoss of America Cash-to-Debt Chart

AirBoss of America Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.96 0.09 0.13 0.22

AirBoss of America 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.13 0.12 0.15 0.16 0.22

Competitive Comparison of AirBoss of America's Cash-to-Debt

For the Specialty Chemicals subindustry, AirBoss of America'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.


AirBoss of America's Cash-to-Debt Distribution in the Chemicals Industry

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

* The bar in red indicates where AirBoss of America's Cash-to-Debt falls into.



AirBoss of America 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.

AirBoss of America's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

AirBoss of America's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

* 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.


AirBoss of America  (OTCPK:ABSSF) 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.


AirBoss of America Cash-to-Debt Related Terms

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


AirBoss of America (AirBoss of America) Business Description

Traded in Other Exchanges
Address
16441 Yonge Street, Newmarket, ON, CAN, L3X 2G8
AirBoss of America Corp is a Canada-based manufacturer of rubber-based products for the resource, military, automotive and industrial markets. It operates in three segments, 1) The Rubber Solutions segment includes the manufacturing and distribution of rubber compounds and distribution of rubber compounding-related chemicals. 2) The Engineered Products segment includes the manufacture and distribution of anti-noise, vibration, and harshness dampening parts. 3) The AirBoss Defense Group is engaged in the manufacturing and distributing of personal protection and safety products and the manufacture of semi-finished rubber-related products. The Company operates manufacturing facilities and sales offices in the United States and Canada, selling in North American markets.

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