Logistec (TSX:LGT.B) Cash-to-Debt : 0.04 (As of Sep. 2023)

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What is Logistec 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. Logistec's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.04.

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

TSX:LGT.B's Cash-to-Debt is not ranked ^*
in the Transportation industry.
Industry Median: 0.48
* Ranked among companies with meaningful Cash-to-Debt only.

Logistec Cash-to-Debt Historical Data

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

Logistec Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.09

0.08

0.15

0.11

0.09

Logistec 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															0.05	0.09	0.07	0.04	0.04

Competitive Comparison of Logistec's Cash-to-Debt

For the Marine Shipping subindustry, Logistec'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.

Logistec's Cash-to-Debt Distribution in the Transportation Industry

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

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

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Logistec 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.

Logistec'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)
	=	36.043	/	(29.587	+	381.61)
	=	0.09

Logistec'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)
	=	23.735	/	(35.592	+	552.007)
	=	0.04

Logistec (TSX:LGT.B) 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.

Logistec Cash-to-Debt Related Terms

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Logistec Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Logistec Corp (TSX:LGT.B) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

600 De La Gauchetiere Street West, 14th Floor, Montreal, QC, CAN, H3B 4L2

Website

https://www.logistec.com

Logistec Corp provides specialized cargo handling and other services to a wide variety of marine, industrial and municipal customers. It has cargo handling facilities in ports across North America and offers marine agency services to foreign shipowners and operators serving the Canadian market. The company is widely diversified on the basis of cargo type and port location with a balance between import and export activities. The company is organized and operate in two industry segments: Marine services, and Environmental services. The Marine Services Segment which is the key revenue-generating segment provides cargo handling and other services to marine and industrial customers. It has a business presence in Canada and the US.

Logistec Headlines

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