Mercer International (FRA:AEZ) Cash-to-Debt : 0.19 (As of Dec. 2023)

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What is Mercer International 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. Mercer International's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.19.

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, Mercer International 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 Mercer International's Cash-to-Debt or its related term are showing as below:

FRA:AEZ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.22 Max: 0.31
Current: 0.19

During the past 13 years, Mercer International's highest Cash to Debt Ratio was 0.31. The lowest was 0.08. And the median was 0.22.

FRA:AEZ's Cash-to-Debt is ranked worse than
62.46% of 285 companies
in the Forest Products industry
Industry Median: 0.32 vs FRA:AEZ: 0.19

Mercer International Cash-to-Debt Historical Data

The historical data trend for Mercer International'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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Mercer International Cash-to-Debt Chart

Mercer International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.31

0.30

0.28

0.26

0.19

Mercer International 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															0.26	0.22	0.15	0.21	0.19

Competitive Comparison of Mercer International's Cash-to-Debt

For the Paper & Paper Products subindustry, Mercer International'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.

Mercer International's Cash-to-Debt Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Mercer International's Cash-to-Debt distribution charts can be found below:

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

Mercer International 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.

Mercer International'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)
	=	287.931	/	(10.735	+	1482.954)
	=	0.19

Mercer International'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)
	=	287.931	/	(10.735	+	1482.954)
	=	0.19

Mercer International (FRA:AEZ) 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.

Mercer International Cash-to-Debt Related Terms

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

Mercer International (FRA:AEZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Mercer International Inc (FRA:AEZ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MERC:USA

Address

700 West Pender Street, Suite 1120, Vancouver, BC, CAN, V6C 1G8

Website

https://www.mercerint.com

Mercer International Inc is a forest products company with two reportable operating segments in pulp and solid wood. Pulp segment consists of the manufacture, sale and distribution of pulp, electricity and chemicals. Solid wood segment consists of the manufacture, sale and distribution of lumber, manufactured products wood pallets, electricity, biofuels and wood residuals from sawmills and other facilities located in Germany and the United States. The company has its geographical presence in USA, Germany, China and Other countries. Majority of the revenue is generated from the Pulp segment.

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