Tegma Gestao Logistica (BSP:TGMA3) Cash-to-Debt : 1.73 (As of Mar. 2024)

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What is Tegma Gestao Logistica 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. Tegma Gestao Logistica's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.73.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Tegma Gestao Logistica could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Tegma Gestao Logistica's Cash-to-Debt or its related term are showing as below:

BSP:TGMA3' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.31 Med: 0.67 Max: 1.73
Current: 1.73

During the past 13 years, Tegma Gestao Logistica's highest Cash to Debt Ratio was 1.73. The lowest was 0.31. And the median was 0.67.

BSP:TGMA3's Cash-to-Debt is ranked better than
75.8% of 967 companies
in the Transportation industry
Industry Median: 0.48 vs BSP:TGMA3: 1.73

Tegma Gestao Logistica Cash-to-Debt Historical Data

The historical data trend for Tegma Gestao Logistica'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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Tegma Gestao Logistica Cash-to-Debt Chart

Tegma Gestao Logistica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.31

1.02

0.74

1.23

1.35

Tegma Gestao Logistica Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.47	1.39	1.53	1.35	1.73

Competitive Comparison of Tegma Gestao Logistica's Cash-to-Debt

For the Trucking subindustry, Tegma Gestao Logistica'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.

Tegma Gestao Logistica's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Tegma Gestao Logistica's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tegma Gestao Logistica's Cash-to-Debt falls into.

Tegma Gestao Logistica 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.

Tegma Gestao Logistica'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)
	=	232.539	/	(42.099	+	130.17)
	=	1.35

Tegma Gestao Logistica's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	299.796	/	(39.851	+	133.541)
	=	1.73

Tegma Gestao Logistica (BSP:TGMA3) 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.

Tegma Gestao Logistica Cash-to-Debt Related Terms

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Tegma Gestao Logistica (BSP:TGMA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tegma Gestao Logistica SA (BSP:TGMA3) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenue Nicola Demarchi 2000, Bairro Demarchi, Sao Bernardo Do Campo, SP, BRA, 9820-655

Website

http://www.tegma.com.br

Tegma Gestao Logistica SA provides logistics, transportation, and warehouse services in Brazil. The company's operating segments include; Automotive logistics and Integrated logistics. The Automotive Logistics division engages in the transportation of vehicles, as well as management of yard; transfer and distribution of vehicle; storage of vehicles; and provision of pre delivery inspection, and center for automotive/multi-brand services. The Integrated Logistics division provides transportation, storage, inventory management, and similar services. It generates maximum revenue from the Automotive Logistics segment.

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