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

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What is Lanxess 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. Lanxess 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, Lanxess 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 Lanxess AG's Cash-to-Debt or its related term are showing as below:

WBO:LXS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: No Debt Max: No Debt
Current: 0.15

During the past 13 years, Lanxess AG's highest Cash to Debt Ratio was No Debt. The lowest was 0.10. And the median was No Debt.

WBO:LXS's Cash-to-Debt is ranked worse than
83.71% of 1553 companies
in the Chemicals industry
Industry Median: 0.74 vs WBO:LXS: 0.15

Lanxess AG Cash-to-Debt Historical Data

The historical data trend for Lanxess 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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Lanxess AG Cash-to-Debt Chart

Lanxess AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.49

0.38

0.64

0.35

0.10

Lanxess AG 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															No Debt	0.10	No Debt	No Debt	No Debt

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

For the Specialty Chemicals subindustry, Lanxess 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.

Lanxess AG's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Lanxess AG's Cash-to-Debt distribution charts can be found below:

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

Lanxess 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.

Lanxess AG'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)
	=	403	/	(815	+	3415)
	=	0.10

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

Lanxess AG had no debt ⁽¹⁾.

Lanxess AG (WBO:LXS) 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.

Lanxess AG Cash-to-Debt Related Terms

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Lanxess AG (WBO:LXS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lanxess AG (WBO:LXS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LNXSY:USA LNXSF:USA 1LXS:Italy LXSd:UK 0H7I:UK LX9B:Germany LXS:Germany LXS:Germany LXS:Germany LXS:Germany

Address

Kennedyplatz 1, Cologne, DEU, 50569

Website

https://www.lanxess.com

Lanxess is a German chemical company that was originally spun out of Bayer. Lanxess has visibly decommoditised its portfolio in recent years by divesting its synthetic rubber business and is moving toward becoming a specialty chemicals company in the fields of consumer protection chemicals, specialty additives, intermediates, and engineering plastics.

Lanxess AG (WBO:LXS) Headlines

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