Electro Aco Altona (BSP:EALT4) Cash-to-Debt : 0.12 (As of Dec. 2023)

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What is Electro Aco Altona 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. Electro Aco Altona's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.12.

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, Electro Aco Altona 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 Electro Aco Altona's Cash-to-Debt or its related term are showing as below:

BSP:EALT4' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.13 Max: 0.32
Current: 0.12

During the past 13 years, Electro Aco Altona's highest Cash to Debt Ratio was 0.32. The lowest was 0.03. And the median was 0.13.

BSP:EALT4's Cash-to-Debt is ranked worse than
90.17% of 3000 companies
in the Industrial Products industry
Industry Median: 1.22 vs BSP:EALT4: 0.12

Electro Aco Altona Cash-to-Debt Historical Data

The historical data trend for Electro Aco Altona'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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Electro Aco Altona Cash-to-Debt Chart

Electro Aco Altona Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.10

0.26

0.18

0.11

0.12

Electro Aco Altona 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															0.11	0.07	0.07	0.05	0.12

Competitive Comparison of Electro Aco Altona's Cash-to-Debt

For the Metal Fabrication subindustry, Electro Aco Altona'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.

Electro Aco Altona's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Electro Aco Altona's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Electro Aco Altona's Cash-to-Debt falls into.

Electro Aco Altona 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.

Electro Aco Altona'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)
	=	15.09	/	(70.555	+	56.8)
	=	0.12

Electro Aco Altona's Cash to Debt Ratio for the quarter 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)
	=	15.09	/	(70.555	+	56.8)
	=	0.12

Electro Aco Altona (BSP:EALT4) 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.

Electro Aco Altona Cash-to-Debt Related Terms

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

Electro Aco Altona (BSP:EALT4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Electro Aco Altona SA (BSP:EALT4) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

EALT3:Brazil

Address

Engenheiro Paulo Werner Street, 925, Blumenau, SC, BRA, 89030900

Website

http://www.altona.com.br

Electro Aco Altona SA manufactures steel based machinery & equipment. Its product portfolio comprises of carbon steel, high & low alloy steel, manganese steel & heat resistant steel castings. It caters to industries like earthmoving & mining.The company divides its business into two sectors: Repetitive and Custom. The Repetitive sector is responsible for series production of items for self-propelled equipment assemblers, including customers active in the segment of construction and mining machinery. The Custom sector produces customized parts and assemblies.

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