Gurktaler AG (WBO:GAGS) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Gurktaler AG 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. Gurktaler AG's cash to debt ratio for the quarter that ended in Sep. 2023 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Gurktaler AG could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(1) 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.

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

WBO:GAGS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 5.22 Max: No Debt
Current: 119.65

During the past 12 years, Gurktaler AG's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 5.22.

WBO:GAGS's Cash-to-Debt is ranked better than
90.34% of 207 companies
in the Beverages - Alcoholic industry
Industry Median: 0.54 vs WBO:GAGS: 119.65

Gurktaler AG Cash-to-Debt Historical Data

The historical data trend for Gurktaler AG'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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Gurktaler AG Cash-to-Debt Chart

Gurktaler AG Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.01

92.16

333.24

11.65

Gurktaler AG Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															62.02	333.24	58.50	11.65	No Debt

Competitive Comparison of Gurktaler AG's Cash-to-Debt

For the Beverages - Brewers subindustry, Gurktaler AG'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.

Gurktaler AG's Cash-to-Debt Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Gurktaler AG's Cash-to-Debt distribution charts can be found below:

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

Gurktaler AG 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.

Gurktaler AG's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	0.198	/	(0.017	+	0)
	=	11.65

Gurktaler AG's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Gurktaler AG had no debt ⁽¹⁾.

Gurktaler AG (WBO:GAGS) 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.

Gurktaler AG Cash-to-Debt Related Terms

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

Gurktaler AG (WBO:GAGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Gurktaler AG (WBO:GAGS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GAGV:Austria

Address

Gurktaler Aktiengesellschaft Road, Heiligenstadter 43, Vienna, AUT, 1190

Website

http://www.gruppe.gurktaler.at

Gurktaler AG operates in the beverage industry. It is engaged in the production of herbal liqueurs. The company has structured its operations into the following business divisions - Leasing and operation of herbal spirits companies and Investments in the herbal liquor companies.

Gurktaler AG (WBO:GAGS) Headlines

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Gurktaler AG (WBO:GAGS) Cash-to-Debt : No Debt (1) (As of Sep. 2023)