RHI Magnesita NV (WBO:RHIM) Cash-to-Debt : 0.35 (As of Dec. 2023)

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What is RHI Magnesita NV 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. RHI Magnesita NV's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.35.

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, RHI Magnesita NV couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

WBO:RHIM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.3 Med: 0.39 Max: 0.49
Current: 0.35

During the past 8 years, RHI Magnesita NV's highest Cash to Debt Ratio was 0.49. The lowest was 0.30. And the median was 0.39.

WBO:RHIM's Cash-to-Debt is ranked worse than
75.19% of 2999 companies
in the Industrial Products industry
Industry Median: 1.22 vs WBO:RHIM: 0.35

RHI Magnesita NV Cash-to-Debt Historical Data

The historical data trend for RHI Magnesita NV'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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RHI Magnesita NV Cash-to-Debt Chart

RHI Magnesita NV Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.40

0.49

0.38

0.30

0.35

RHI Magnesita NV Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial									0.38	0.28	0.30	0.42	0.35

Competitive Comparison of RHI Magnesita NV's Cash-to-Debt

For the Metal Fabrication subindustry, RHI Magnesita NV'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.

RHI Magnesita NV's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, RHI Magnesita NV's Cash-to-Debt distribution charts can be found below:

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

RHI Magnesita NV 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.

RHI Magnesita NV's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	704.9	/	(159.3	+	1841.9)
	=	0.35

RHI Magnesita NV's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	704.9	/	(159.3	+	1841.9)
	=	0.35

RHI Magnesita NV (WBO:RHIM) 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.

RHI Magnesita NV Cash-to-Debt Related Terms

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RHI Magnesita NV (WBO:RHIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » RHI Magnesita NV (WBO:RHIM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

RHIMl:UK RHIM:UK RHF:Germany

Address

Kranichberggasse 6, Vienna, AUT, 1120

Website

https://www.rhimagnesita.com

RHI Magnesita NV operates in the refractory industry. The core activities of the group comprise the development and production as well as the sale, installation, and maintenance of refractory products and systems. It has two main operating segments, Steel and Industrial. The Steel segment specializes in supporting customers in the steel-producing and steel-processing industry. Its Industrial segment serves customers in the glass, cement/lime, nonferrous metals and environment, energy, chemicals Industries. The company generates maximum revenue from the Steel segment. Its geographical markets are Europe, North America, Asia Pacific, South America, and MEA-CIS.

RHI Magnesita NV (WBO:RHIM) Headlines

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