Carlo Gavazzi Holding AG (LTS:0QL5) Cash-to-Debt : 11.70 (As of Sep. 2023)

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What is Carlo Gavazzi Holding AG 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. Carlo Gavazzi Holding AG's cash to debt ratio for the quarter that ended in Sep. 2023 was 11.70.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Carlo Gavazzi Holding AG could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Carlo Gavazzi Holding AG's Cash-to-Debt or its related term are showing as below:

LTS:0QL5' s Cash-to-Debt Range Over the Past 10 Years
Min: 6.09 Med: 49.19 Max: No Debt
Current: 11.7

During the past 13 years, Carlo Gavazzi Holding AG's highest Cash to Debt Ratio was No Debt. The lowest was 6.09. And the median was 49.19.

LTS:0QL5's Cash-to-Debt is ranked better than
78.16% of 2999 companies
in the Industrial Products industry
Industry Median: 1.22 vs LTS:0QL5: 11.70

Carlo Gavazzi Holding AG Cash-to-Debt Historical Data

The historical data trend for Carlo Gavazzi Holding AG'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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Carlo Gavazzi Holding AG Cash-to-Debt Chart

Carlo Gavazzi Holding AG Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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No Debt

6.09

7.34

9.42

10.44

Carlo Gavazzi Holding AG Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															8.13	9.42	9.09	10.44	11.70

Competitive Comparison of Carlo Gavazzi Holding AG's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Carlo Gavazzi Holding AG'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.

Carlo Gavazzi Holding AG's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Carlo Gavazzi Holding AG's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Carlo Gavazzi Holding AG's Cash-to-Debt falls into.

Carlo Gavazzi Holding AG 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.

Carlo Gavazzi Holding AG's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	64.701	/	(2.501	+	3.697)
	=	10.44

Carlo Gavazzi Holding AG's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	60.944	/	(2.248	+	2.961)
	=	11.70

Carlo Gavazzi Holding AG (LTS:0QL5) 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.

Carlo Gavazzi Holding AG Cash-to-Debt Related Terms

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Carlo Gavazzi Holding AG (LTS:0QL5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Carlo Gavazzi Holding AG (LTS:0QL5) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GAVz:UK GAV:Switzerland

Address

Sumpfstrasse 3, Steinhausen, CHE, CH-6312

Website

https://www.carlogavazzi.com

Carlo Gavazzi Holding AG is engaged in the designing, manufacturing, and marketing of electronic control components for the global markets of industrial and building automation. Its product portfolio comprises sensors, monitoring relays, timers, energy management systems, solid-state relays, safety devices, and Fieldbus systems. Its products are marketed through a network of sales companies and independent national distributors. It has operational footprints across Switzerland, Italy, other Europe, the Middle East and Africa, the United States of America, other North America, and Asia. Geographically the company receives maximum revenue from Europe, the Middle East, and Africa.

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