CIA Tecidos Norte De Minas COTEMINAS (BSP:CTNM3) Cash-to-Debt : 0.06 (As of Jun. 2024)

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What is CIA Tecidos Norte De Minas COTEMINAS 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. CIA Tecidos Norte De Minas COTEMINAS's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.06.

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, CIA Tecidos Norte De Minas COTEMINAS couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for CIA Tecidos Norte De Minas COTEMINAS's Cash-to-Debt or its related term are showing as below:

BSP:CTNM3's Cash-to-Debt is not ranked ^*
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 0.49
* Ranked among companies with meaningful Cash-to-Debt only.

CIA Tecidos Norte De Minas COTEMINAS Cash-to-Debt Historical Data

The historical data trend for CIA Tecidos Norte De Minas COTEMINAS'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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CIA Tecidos Norte De Minas COTEMINAS Cash-to-Debt Chart

CIA Tecidos Norte De Minas COTEMINAS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.13

0.11

0.15

0.18

0.06

CIA Tecidos Norte De Minas COTEMINAS Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.11	0.09	0.06	0.05	0.06

Competitive Comparison of CIA Tecidos Norte De Minas COTEMINAS's Cash-to-Debt

For the Textile Manufacturing subindustry, CIA Tecidos Norte De Minas COTEMINAS'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.

CIA Tecidos Norte De Minas COTEMINAS's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, CIA Tecidos Norte De Minas COTEMINAS's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where CIA Tecidos Norte De Minas COTEMINAS's Cash-to-Debt falls into.

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CIA Tecidos Norte De Minas COTEMINAS 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.

CIA Tecidos Norte De Minas COTEMINAS'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)
	=	89.221	/	(1321.334	+	257.687)
	=	0.06

CIA Tecidos Norte De Minas COTEMINAS's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	85.671	/	(1278.496	+	287.87)
	=	0.05

CIA Tecidos Norte De Minas COTEMINAS (BSP:CTNM3) 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.

CIA Tecidos Norte De Minas COTEMINAS Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of CIA Tecidos Norte De Minas COTEMINAS's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

CIA Tecidos Norte De Minas COTEMINAS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » CIA Tecidos Norte De Minas COTEMINAS (BSP:CTNM3) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Avenida Lincoln Alves Dos Santos. 955, Montes Claros, MG, BRA, 39404005

Website

http://www.coteminas.com.br

CIA Tecidos Norte De Minas COTEMINAS is engaged in the production and marketing of yarns and fabrics. The company through its subsidiaries is engaged in textile and related industries manufacturing and selling clothing apparel which includes professional uniforms, accessories, and personal protective equipment for occupational safety. Business operates in segments being Wholesale which is a key revenue driver, Retail and Denim.

CIA Tecidos Norte De Minas COTEMINAS Headlines

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