Broedrene Hartmann A/S (OCSE:HART) Cash-to-Debt : 0.25 (As of Sep. 2023)

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What is Broedrene Hartmann A/S 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. Broedrene Hartmann A/S's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.25.

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, Broedrene Hartmann A/S couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Broedrene Hartmann A/S's Cash-to-Debt or its related term are showing as below:

OCSE:HART' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.13 Max: 0.26
Current: 0.25

During the past 13 years, Broedrene Hartmann A/S's highest Cash to Debt Ratio was 0.26. The lowest was 0.07. And the median was 0.13.

OCSE:HART's Cash-to-Debt is not ranked
in the Packaging & Containers industry.
Industry Median: 0.4 vs OCSE:HART: 0.25

Broedrene Hartmann A/S Cash-to-Debt Historical Data

The historical data trend for Broedrene Hartmann A/S'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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Broedrene Hartmann A/S Cash-to-Debt Chart

Broedrene Hartmann A/S Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.13

0.12

0.14

0.11

0.16

Broedrene Hartmann A/S Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.12	0.16	0.17	0.17	0.25

Competitive Comparison of Broedrene Hartmann A/S's Cash-to-Debt

For the Packaging & Containers subindustry, Broedrene Hartmann A/S'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.

Broedrene Hartmann A/S's Cash-to-Debt Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Broedrene Hartmann A/S's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Broedrene Hartmann A/S's Cash-to-Debt falls into.

Broedrene Hartmann A/S 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.

Broedrene Hartmann A/S's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	180.2	/	(204	+	913.7)
	=	0.16

Broedrene Hartmann A/S'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)
	=	214.1	/	(823.3	+	44.8)
	=	0.25

Broedrene Hartmann A/S (OCSE:HART) 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.

Broedrene Hartmann A/S Cash-to-Debt Related Terms

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

Broedrene Hartmann A/S (OCSE:HART) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Broedrene Hartmann A/S (OCSE:HART) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ornegardsvej 18, Gentofte, DNK, DK-2820

Website

https://www.hartmann-packaging.com

Broedrene Hartmann A/S is engaged in the manufacture of moulded-fiber egg packaging, and manufacturer of fruit packaging. The company has two operating segments; the Eurasia segment comprises the production and sales of moulded-fibre packaging. The products are manufactured at factories in Europe, including India and Israel, and are sold to egg and fruit producers, egg and fruit packing businesses, retail chains, and buyers of industrial packaging. It also comprises the production and sales of machinery and technology to manufacturers of moulded-fibre packaging in selected markets, and the Americas segment comprises production and sales of moulded-fibre packaging sold to egg and fruit producers, egg and fruit packing businesses, and retail chains.

Broedrene Hartmann A/S (OCSE:HART) Headlines

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