CIMIC Group (CIMIC Group) Cash-to-Debt : 0.72 (As of Dec. 2021)

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What is CIMIC Group 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. CIMIC Group's cash to debt ratio for the quarter that ended in Dec. 2021 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, CIMIC Group couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2021.

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

LGTHF's Cash-to-Debt is not ranked ^*
in the Construction industry.
Industry Median: 0.64
* Ranked among companies with meaningful Cash-to-Debt only.

CIMIC Group Cash-to-Debt Historical Data

The historical data trend for CIMIC 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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CIMIC Group Cash-to-Debt Chart

CIMIC Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash-to-Debt

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2.01

4.10

0.96

0.72

CIMIC Group Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Cash-to-Debt	Get a 7-Day Free Trial															0.96	0.65	0.96	0.85	0.72

Competitive Comparison of CIMIC Group's Cash-to-Debt

For the Engineering & Construction subindustry, CIMIC 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.

CIMIC Group's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, CIMIC Group's Cash-to-Debt distribution charts can be found below:

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

CIMIC 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.

CIMIC Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 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)
	=	1390.701	/	(247.353	+	1697.783)
	=	0.71

CIMIC Group's Cash to Debt Ratio for the quarter that ended in Dec. 2021 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)
	=	1390.701	/	(247.353	+	1697.783)
	=	0.71

CIMIC Group (OTCPK:LGTHF) 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.

CIMIC Group Cash-to-Debt Related Terms

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CIMIC Group (CIMIC Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » CIMIC Group Ltd (OTCPK:LGTHF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

177 Pacific Highway, Level 25, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.cimic.com.au

Cimic is Australia's largest contractor, providing engineering, construction, contract mining services to the infrastructure, mining, energy, and property sectors. The business structure consists of construction, contract mining, public-private partnerships, and property, along with 45%-owned Habtoor Leighton. Cimic has exited its Middle East business. ACS/Hochtief owns 79% of Cimic. Cimic will be compulsorily acquired by major shareholder Hochtief.