EcoRodovias Infraestrutura E Logistica (BSP:ECOR3) Cash-to-Debt : 0.24 (As of Dec. 2023)

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What is EcoRodovias Infraestrutura E Logistica 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. EcoRodovias Infraestrutura E Logistica's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.24.

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, EcoRodovias Infraestrutura E Logistica 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 EcoRodovias Infraestrutura E Logistica's Cash-to-Debt or its related term are showing as below:

BSP:ECOR3' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.2 Max: 0.36
Current: 0.24

During the past 13 years, EcoRodovias Infraestrutura E Logistica's highest Cash to Debt Ratio was 0.36. The lowest was 0.13. And the median was 0.20.

BSP:ECOR3's Cash-to-Debt is ranked worse than
72.88% of 1674 companies
in the Construction industry
Industry Median: 0.62 vs BSP:ECOR3: 0.24

EcoRodovias Infraestrutura E Logistica Cash-to-Debt Historical Data

The historical data trend for EcoRodovias Infraestrutura E Logistica'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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EcoRodovias Infraestrutura E Logistica Cash-to-Debt Chart

EcoRodovias Infraestrutura E Logistica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.23

0.17

0.22

0.13

0.24

EcoRodovias Infraestrutura E Logistica 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															0.13	0.17	0.15	0.20	0.24

Competitive Comparison of EcoRodovias Infraestrutura E Logistica's Cash-to-Debt

For the Infrastructure Operations subindustry, EcoRodovias Infraestrutura E Logistica'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.

EcoRodovias Infraestrutura E Logistica's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, EcoRodovias Infraestrutura E Logistica's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where EcoRodovias Infraestrutura E Logistica's Cash-to-Debt falls into.

EcoRodovias Infraestrutura E Logistica 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.

EcoRodovias Infraestrutura E Logistica'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)
	=	4422.314	/	(3709.547	+	14445.382)
	=	0.24

EcoRodovias Infraestrutura E Logistica'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)
	=	4422.314	/	(3709.547	+	14445.382)
	=	0.24

EcoRodovias Infraestrutura E Logistica (BSP:ECOR3) 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.

EcoRodovias Infraestrutura E Logistica Cash-to-Debt Related Terms

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

EcoRodovias Infraestrutura E Logistica (BSP:ECOR3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » EcoRodovias Infraestrutura E Logistica SA (BSP:ECOR3) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Rua Gomes de Carvalho, 1510 3rd Floor, Vila Olimpia, Sao Paulo, SP, BRA, 04547-005

Website

http://www.ecorodovias.com.br

EcoRodovias Infraestrutura E Logistica SA is an infrastructure and logistics company. The company organises itself into three segments: concessions, holding and services, and ports. Concessions, which includes the company's Brazilian toll road operations, contributes the vast majority of revenue. Ports, the next largest segment, includes the company's port operations, in addition to handling and warehousing import and export cargos. The company is headquartered in Brazil, and generates all revenue domestically.

EcoRodovias Infraestrutura E Logistica (BSP:ECOR3) Headlines

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