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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. Ascent Industries Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.06.
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, Ascent Industries Co 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 Ascent Industries Co's Cash-to-Debt or its related term are showing as below:
During the past 13 years, Ascent Industries Co's highest Cash to Debt Ratio was 0.06. The lowest was 0.00. And the median was 0.01.
The historical data trend for Ascent Industries Co'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.
Ascent Industries Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash-to-Debt | Get a 7-Day Free Trial | 0.01 | - | 0.02 | 0.01 | 0.06 |
Ascent Industries Co Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Cash-to-Debt | Get a 7-Day Free Trial | 0.01 | 0.01 | 0.01 | 0.01 | 0.06 |
For the Steel subindustry, Ascent Industries Co'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.
For the Steel industry and Basic Materials sector, Ascent Industries Co's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Ascent Industries Co's Cash-to-Debt falls into.
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.
Ascent Industries Co'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) | |
= | 1.851 | / | (1.792 | + | 31.036) | |
= | 0.06 |
Ascent Industries Co'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) | |
= | 1.851 | / | (1.792 | + | 31.036) | |
= | 0.06 |
* 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.
Ascent Industries Co (NAS:ACNT) 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.
Thank you for viewing the detailed overview of Ascent Industries Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.
Zuppo John Robert Iii | other: Exec VP - Synalloy Chemicals | 6095 OLD BRICK STORE RD, GREENSBORO NC 27455 |
William Steckel | officer: Chief Financial Officer | 2972 STENDER WAY, SANTA CLARA CA 95054 |
Benjamin L Rosenzweig | director | 50 OLD IVY ROAD SUITE 230, ATLANTA GA 30342 |
Mazzaferro Aldo John Jr | director | 15 MIDWOOD ROAD, STONY BROOK NY 11790 |
Christopher Gerald Hutter | director | 1400 16TH STREET, SUITE 250, OAK BROOK IL 60523 |
Privet Fund Lp | 10 percent owner, other: See Explanation of Responses | 3280 PEACHTREE ROAD NE, SUITE 2670, Atlanta GA 30305 |
Henry L Guy | director | 89 SUMMIT AVENUE, SECOND FLOOR, SUMMIT NJ 07901 |
Aaron M Tam | officer: Chief Financial Officer | 4510 COX ROAD, SUITE 201, GLEN ALLEN VA 23060 |
John Schauerman | director | 26000 COMMERCENTRE DR., LAKE FOREST CA 92630 |
Tackett Glenn Douglas Jr | officer: Chief Legal Officer | 4510 COX ROAD, SUITE 201, GLEN ALLEN VA 23060 |
David James Kuzy | other: EVP - Synalloy Chemicals | 639 S. MAIN STREET, NAPERVILLE IL 60540 |
Timothy J Lynch | other: Exec VP - Synalloy Metals | 13601 PERDIDO KEY DRIVE, UNIT 12 C, PENSACOLA FL 32507 |
Sarah M Cunningham | officer: VP Corporate Adinistration | 14519 AUGUSTA LANE, ASHLAND X1 23005 |
Maria Haughton Roberson | other: President, ASTI | 129 HONEYCUTT ROAD, TROUTMAN NC 28166 |
Anthony A Callander | director | PO BOX 5627, SPARTANBURG SC 29304 |
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