Symrise AG (WBO:SY1) Cash-to-Debt : 0.15 (As of Dec. 2023)

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What is Symrise 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. Symrise AG's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.15.

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

WBO:SY1' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.18 Max: 0.36
Current: 0.15

During the past 13 years, Symrise AG's highest Cash to Debt Ratio was 0.36. The lowest was 0.12. And the median was 0.18.

WBO:SY1's Cash-to-Debt is ranked worse than
83.97% of 1553 companies
in the Chemicals industry
Industry Median: 0.75 vs WBO:SY1: 0.15

Symrise AG Cash-to-Debt Historical Data

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

Symrise AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.22

0.36

0.25

0.12

0.15

Symrise AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.25	0.23	0.12	0.13	0.15

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

For the Specialty Chemicals subindustry, Symrise 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.

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

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

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

Symrise 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.

Symrise AG'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)
	=	393.026	/	(62.93	+	2495.742)
	=	0.15

Symrise AG'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)
	=	393.026	/	(62.93	+	2495.742)
	=	0.15

Symrise AG (WBO:SY1) 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.

Symrise AG Cash-to-Debt Related Terms

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

Symrise AG (WBO:SY1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Symrise AG (WBO:SY1) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SYIEY:USA SYIEF:USA SY1:Mexico SY1d:UK 0G6T:UK SY1:Germany

Address

Muhlenfeldstrasse 1, Holzminden, ST, DEU, 37603

Website

https://www.symrise.com

Symrise is a global supplier of ingredients for fragrances and flavourings across the food, beverage, household products, and pharmaceutical industries. With an estimated 12% market share, it is the world's fourth-largest supplier of fragrances and flavourings. The company was created after a 2003 merger of two companies that originated in 1874 and 1919. With 9,000 employees, Symrise produces 30,000 products sourced from 10,000 mostly natural raw materials such as vanilla, citrus, blossoms, and plant or animal materials for more than 6,000 customers.

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