Companhia Siderurgica Nacional (Companhia Siderurgica Nacional) Cash-to-Debt : 0.37 (As of Sep. 2023)

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What is Companhia Siderurgica Nacional 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. Companhia Siderurgica Nacional's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.37.

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

SID' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.25 Max: 0.72
Current: 0.37

During the past 13 years, Companhia Siderurgica Nacional's highest Cash to Debt Ratio was 0.72. The lowest was 0.09. And the median was 0.25.

SID's Cash-to-Debt is ranked worse than
53.08% of 616 companies
in the Steel industry
Industry Median: 0.425 vs SID: 0.37

Companhia Siderurgica Nacional Cash-to-Debt Historical Data

The historical data trend for Companhia Siderurgica Nacional'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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Companhia Siderurgica Nacional Cash-to-Debt Chart

Companhia Siderurgica Nacional Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.11

0.13

0.38

0.58

0.32

Companhia Siderurgica Nacional 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															0.42	0.32	0.35	0.31	0.37

Competitive Comparison of Companhia Siderurgica Nacional's Cash-to-Debt

For the Steel subindustry, Companhia Siderurgica Nacional'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.

Companhia Siderurgica Nacional's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Companhia Siderurgica Nacional's Cash-to-Debt distribution charts can be found below:

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

Companhia Siderurgica Nacional 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.

Companhia Siderurgica Nacional'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)
	=	2565.569	/	(1023.877	+	6909.281)
	=	0.32

Companhia Siderurgica Nacional'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)
	=	3331.912	/	(1254.541	+	7718.427)
	=	0.37

Companhia Siderurgica Nacional (NYSE:SID) 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.

Companhia Siderurgica Nacional Cash-to-Debt Related Terms

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Companhia Siderurgica Nacional (Companhia Siderurgica Nacional) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Companhia Siderurgica Nacional (NYSE:SID) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CQWA:Germany CSNA3:Brazil SID:Argentina

Address

Avenue Brigadeiro Faria Lima, 3400, 20th Floor, Sao Paulo, SP, BRA, 04538-132

Website

https://www.csn.com.br

Companhia Siderurgica Nacional is an integrated steel producer. The company operate throughout the entire steel production chain, from the mining of iron ore to the production and sale of a diversified range of steel products. It operates in five segments namely, Steel, Mining, Logistics, Energy, and Cement. It generates maximum revenue from the steel segment. Geographically, it derives a majority of revenue from Asia.