Localiza Rent A Car (BSP:RENT3) Cash-to-Debt : 0.25 (As of Dec. 2023)

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What is Localiza Rent A Car 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. Localiza Rent A Car's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.25.

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, Localiza Rent A Car 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 Localiza Rent A Car's Cash-to-Debt or its related term are showing as below:

BSP:RENT3' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.37 Max: 0.51
Current: 0.25

During the past 13 years, Localiza Rent A Car's highest Cash to Debt Ratio was 0.51. The lowest was 0.16. And the median was 0.37.

BSP:RENT3's Cash-to-Debt is ranked worse than
73.31% of 1064 companies
in the Business Services industry
Industry Median: 1 vs BSP:RENT3: 0.25

Localiza Rent A Car Cash-to-Debt Historical Data

The historical data trend for Localiza Rent A Car'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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Localiza Rent A Car Cash-to-Debt Chart

Localiza Rent A Car Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.28

0.36

0.38

0.16

0.25

Localiza Rent A Car 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															0.16	0.16	0.26	0.22	0.25

Competitive Comparison of Localiza Rent A Car's Cash-to-Debt

For the Rental & Leasing Services subindustry, Localiza Rent A Car'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.

Localiza Rent A Car's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Localiza Rent A Car's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Localiza Rent A Car's Cash-to-Debt falls into.

Localiza Rent A Car 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.

Localiza Rent A Car'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)
	=	10322.149	/	(7488.132	+	34347.604)
	=	0.25

Localiza Rent A Car'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)
	=	10322.149	/	(7488.132	+	34347.604)
	=	0.25

Localiza Rent A Car (BSP:RENT3) 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.

Localiza Rent A Car Cash-to-Debt Related Terms

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

Localiza Rent A Car (BSP:RENT3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Localiza Rent A Car SA (BSP:RENT3) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LZRFY:USA

Address

Avenida Bernardo Vasconcelo, No 377 - Cachoeirinha, Belo Horizonte, MG, BRA, 31150-900

Website

https://www.localiza.com

Localiza Rent A Car SA is a car rental service provider with the majority of its operations in Brazil. Through its subsidiaries, the company rents cars to individuals, manages corporate car fleets, sells its fleet to the general public, and offers a franchise model. Franchisees account for roughly half of Localize's car rental locations, while the majority of cars accessible with Localize are owned by the company. The fleet rental division has long-term agreements with companies that come up for renewal roughly every two to three years. The car rental segment delivers three-quarters of yearly revenue, and fleet rental makes up the rest, with an insignificant share contributed by the franchise management division.

Localiza Rent A Car (BSP:RENT3) Headlines

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