Lucid Group (Lucid Group) Cash-to-Debt

: 1.59 (As of Dec. 2023)

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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. Lucid Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.59.

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, Lucid Group could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Lucid Group's Cash-to-Debt or its related term are showing as below:

LCID' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.59 Med: 2.26 Max: 627.47
Current: 1.59

During the past 5 years, Lucid Group's highest Cash to Debt Ratio was 627.47. The lowest was 1.59. And the median was 2.26.

LCID's Cash-to-Debt is ranked better than
69.22% of 1293 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs LCID: 1.59

Lucid Group Cash-to-Debt Historical Data

The historical data trend for Lucid Group'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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Lucid Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

627.47

2.86

1.67

1.59

Lucid Group Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt											1.67	1.27	2.22	1.84	1.59

Competitive Comparison

For the Auto Manufacturers subindustry, Lucid Group'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.

Lucid Group Cash-to-Debt Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Lucid Group's Cash-to-Debt distribution charts can be found below:

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

Lucid Group 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.

Lucid Group'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)
	=	3859.745	/	(109.166	+	2318.735)
	=	1.59

Lucid Group'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)
	=	3859.745	/	(109.166	+	2318.735)
	=	1.59

Lucid Group (NAS:LCID) 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.

Lucid Group Cash-to-Debt Related Terms

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Lucid Group (Lucid Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lucid Group Inc (NAS:LCID) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LCID:Mexico CH2A:Germany

Address

7373 Gateway Boulevard, Newark, CA, USA, 94560

Website

https://www.lucidmotors.com

Lucid Group Inc is a technology and automotive company. It develops the next generation of electric vehicle (EV) technologies. It is a vertically integrated company that designs, engineers, and builds electric vehicles, EV powertrains, and battery systems in-house using our own equipment and factory.

Executives

Michael Bell	officer: Senior Vice President, Digital	C/O SILVER SPRING NETWORKS, INC., 555 BROADWAY STREET, REDWOOD CITY CA 94063
Ayar Third Investment Co	director, 10 percent owner	C/O THE PUBLIC INVESTMENT FUND, P.O. BOX 6847, RIYADH T0 11452
Investment Fund Public	director, 10 percent owner	THE PUBLIC INVESTMENT FUND TOWER,, KING ABDULLAH FINANCIAL DISTRICT (KAFD), AL AQIQ DISTRICT, RIYADH T0 13519
Eric Bach	officer: SVP, Product & Chief Engineer	7373 GATEWAY BLVD,, NEWARK CA 94560
Sherry Ann House	officer: Chief Financial Officer	7373 GATEWAY BLVD,, NEWARK CA 94560
Peter Dore Rawlinson	director, officer: CEO & Chief Technology Officer	7373 GATEWAY BLVD, NEWARK CA 94560
Gagan Dhingra	officer: VP of Acctng & Internal Ctrl	50 HAWTHORNE ST, SAN FRANCISCO CA 94105
Chabi Nouri	director	C/O LUCID GROUP, INC., 7373 GATEWAY BLVD., NEWARK CA 94560
Sherif Marakby	director	6061 FAIRBORN DR, CANTON MI 48187
Ori Winitzer	director	C/O LUCID GROUP, INC., 7373 GATEWAY BLVD., NEWARK CA 94560
Glenn R August	director	C/O OHA - 1114 AVENUE OF THE AMERICAS, 27TH FLOOR, NEW YORK NY 10036
Turqi A. Alnowaiser	director, 10 percent owner	C/O THE PUBLIC INVESTMENT FUND, P.O. BOX 6847, RIYADH T0 11452
Anthony L Posawatz	director	8071 PINE FOREST CT, DAVISBURY MI 48350
Nichelle Maynard-elliott	director	PLATFORM SPECIALTY PRODUCTS CORPORATION, 383 MAIN AVENUE, NORWALK CT 06851
Janet S. Wong	director	2510 LAKE FRONT CIRCLE, THE WOODLANDS TX 77380-1576