Eramet (Eramet) Cash-to-Debt : 0.72 (As of Dec. 2023)

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What is Eramet 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. Eramet's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.72.

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

ERMAY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.41 Med: 0.68 Max: 0.9
Current: 0.72

During the past 13 years, Eramet's highest Cash to Debt Ratio was 0.90. The lowest was 0.41. And the median was 0.68.

ERMAY's Cash-to-Debt is ranked worse than
72.19% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.92 vs ERMAY: 0.72

Eramet Cash-to-Debt Historical Data

The historical data trend for Eramet'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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Eramet Cash-to-Debt Chart

Eramet Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.41

0.57

0.56

0.83

0.72

Eramet Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.56	0.62	0.83	0.66	0.72

Competitive Comparison of Eramet's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Eramet'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.

Eramet's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Eramet's Cash-to-Debt distribution charts can be found below:

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

Eramet 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.

Eramet'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)
	=	1751.363	/	(677.208	+	1751.363)
	=	0.72

Eramet'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)
	=	1751.363	/	(677.208	+	1751.363)
	=	0.72

Eramet (OTCPK:ERMAY) 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.

Eramet Cash-to-Debt Related Terms

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

Eramet (Eramet) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eramet SA (OTCPK:ERMAY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ERMAF:USA 0MGV:UK ERA:France ER7:Germany

Address

10 Boulevard de Grenelle, Paris, FRA, 75015

Website

https://www.eramet.com

Eramet SA is a French mining and metallurgical company focused on the extraction, production, and sale of alloying metals, principally Manganese and Nickel. The company is also engaged in the production and transformation of alloys. Manganese constitutes nearly half of Eramet's revenue, followed by steel alloys and nickel. While the sales made locally and across the rest of Europe comprise the largest share of Eramet's revenue, the company also generates a significant portion of revenue from Asia and North America.