Acerias Paz del Rio (BOG:PAZRIO) Cash-to-Debt : 0.30 (As of Dec. 2023)

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What is Acerias Paz del Rio 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. Acerias Paz del Rio's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.30.

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, Acerias Paz del Rio 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 Acerias Paz del Rio's Cash-to-Debt or its related term are showing as below:

BOG:PAZRIO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 0.58 Max: 1.53
Current: 0.3

During the past 11 years, Acerias Paz del Rio's highest Cash to Debt Ratio was 1.53. The lowest was 0.23. And the median was 0.58.

BOG:PAZRIO's Cash-to-Debt is ranked worse than
57.4% of 615 companies
in the Steel industry
Industry Median: 0.44 vs BOG:PAZRIO: 0.30

Acerias Paz del Rio Cash-to-Debt Historical Data

The historical data trend for Acerias Paz del Rio'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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Acerias Paz del Rio Cash-to-Debt Chart

Acerias Paz del Rio Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.23

0.26

0.60

0.25

0.30

Acerias Paz del Rio Quarterly Data
	Sep18	Dec18	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															0.25	0.26	0.13	0.21	0.30

Competitive Comparison of Acerias Paz del Rio's Cash-to-Debt

For the Steel subindustry, Acerias Paz del Rio'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.

Acerias Paz del Rio's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Acerias Paz del Rio's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Acerias Paz del Rio's Cash-to-Debt falls into.

Acerias Paz del Rio 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.

Acerias Paz del Rio'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)
	=	79328.215	/	(219756.058	+	42756.747)
	=	0.30

Acerias Paz del Rio'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)
	=	79328.215	/	(219756.058	+	42756.747)
	=	0.30

Acerias Paz del Rio (BOG:PAZRIO) 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.

Acerias Paz del Rio Cash-to-Debt Related Terms

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

Acerias Paz del Rio (BOG:PAZRIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Acerias Paz del Rio SA (BOG:PAZRIO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Edificio Megabanco, Piso 6, 13-26, Calle 100, Bogota, COL, 4260

Website

http://www.pazdelrio.com.co

Acerias Paz del Rio SA is a steel production company. It is engaged in the manufacturing of steel products and derivates used in the industrial, metallurgical, construction and agricultural sectors.

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