Arezzo Industria E Comercio (BSP:ARZZ3) Cash-to-Debt : 0.47 (As of Dec. 2023)

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What is Arezzo Industria E Comercio 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. Arezzo Industria E Comercio's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.47.

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, Arezzo Industria E Comercio 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 Arezzo Industria E Comercio's Cash-to-Debt or its related term are showing as below:

BSP:ARZZ3' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.34 Med: 1.27 Max: 2.29
Current: 0.47

During the past 13 years, Arezzo Industria E Comercio's highest Cash to Debt Ratio was 2.29. The lowest was 0.34. And the median was 1.27.

BSP:ARZZ3's Cash-to-Debt is ranked better than
50.1% of 1036 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.47 vs BSP:ARZZ3: 0.47

Arezzo Industria E Comercio Cash-to-Debt Historical Data

The historical data trend for Arezzo Industria E Comercio'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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Arezzo Industria E Comercio Cash-to-Debt Chart

Arezzo Industria E Comercio Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.71

0.66

0.34

0.61

0.47

Arezzo Industria E Comercio 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															0.61	0.52	0.45	0.40	0.47

Competitive Comparison of Arezzo Industria E Comercio's Cash-to-Debt

For the Footwear & Accessories subindustry, Arezzo Industria E Comercio'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.

Arezzo Industria E Comercio's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Arezzo Industria E Comercio's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Arezzo Industria E Comercio's Cash-to-Debt falls into.

Arezzo Industria E Comercio 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.

Arezzo Industria E Comercio'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)
	=	749.714	/	(989.876	+	606.433)
	=	0.47

Arezzo Industria E Comercio'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)
	=	749.714	/	(989.876	+	606.433)
	=	0.47

Arezzo Industria E Comercio (BSP:ARZZ3) 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.

Arezzo Industria E Comercio Cash-to-Debt Related Terms

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

Arezzo Industria E Comercio (BSP:ARZZ3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Arezzo Industria E Comercio SA (BSP:ARZZ3) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Fernandes Tourinho, 147 - sala 402, Rooms 1301 and 1303, Belo Horizonte, MG, BRA, 30112000

Website

https://ri.arezzoco.com.br

Arezzo Industria e Comercio S.A. together with its subsidiaries engages in the manufacturing, development, molding, and sale of footwear, bags, and women's clothing and accessories. It operates more than 400 franchises and approximately 48 stores and an e-commerce website for the sale of products under the brand names Schutz, Arezzo, Alexandre Birman, Fiever, Vans, Reserva, Reserva Mini, Reserva Go, Oficina, INK, EVA, Troc, Baw, MyShoes, Carol Bassi, Brizza, Reversa, Simples Reserva, Unbrand Reserva and Anacapri. The company derives revenue through the sale of products and Royalty income.

Arezzo Industria E Comercio (BSP:ARZZ3) Headlines

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