Novolipetsk Steel PJSC (CHIX:NLMKL) Cash-to-Debt : 0.16 (As of Dec. 2021)

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What is Novolipetsk Steel PJSC 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. Novolipetsk Steel PJSC's cash to debt ratio for the quarter that ended in Dec. 2021 was 0.16.

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, Novolipetsk Steel PJSC couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2021.

The historical rank and industry rank for Novolipetsk Steel PJSC's Cash-to-Debt or its related term are showing as below:

CHIX:NLMKl's Cash-to-Debt is not ranked ^*
in the Steel industry.
Industry Median: 0.45
* Ranked among companies with meaningful Cash-to-Debt only.

Novolipetsk Steel PJSC Cash-to-Debt Historical Data

The historical data trend for Novolipetsk Steel PJSC'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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Novolipetsk Steel PJSC Cash-to-Debt Chart

Novolipetsk Steel PJSC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash-to-Debt

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0.60

0.57

0.33

0.29

0.16

Novolipetsk Steel PJSC Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Cash-to-Debt	Get a 7-Day Free Trial															0.29	0.29	0.35	0.20	0.16

Competitive Comparison of Novolipetsk Steel PJSC's Cash-to-Debt

For the Steel subindustry, Novolipetsk Steel PJSC'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.

Novolipetsk Steel PJSC's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Novolipetsk Steel PJSC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Novolipetsk Steel PJSC's Cash-to-Debt falls into.

Novolipetsk Steel PJSC 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.

Novolipetsk Steel PJSC's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 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)
	=	542	/	(1504	+	1962)
	=	0.16

Novolipetsk Steel PJSC's Cash to Debt Ratio for the quarter that ended in Dec. 2021 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)
	=	542	/	(1504	+	1962)
	=	0.16

Novolipetsk Steel PJSC (CHIX:NLMKl) 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.

Novolipetsk Steel PJSC Cash-to-Debt Related Terms

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Novolipetsk Steel PJSC (CHIX:NLMKL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Novolipetsk Steel PJSC (CHIX:NLMKl) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2, Metallurgov Sq., Lipetsk, RUS, 398040

Website

https://www.nlmk.com

Novolipetsk Steel PJSC is a Russia-based steelmaker with production assets located in Russia, Europe, and the United States. The company's metal products are used in various industries, from construction and engineering to the manufacture of power-generating equipment and off shore wind turbines. The company operates through six segments, namely Mining, Russian flat products, Russian long products, NLMK USA, NLMK DanSteel and Plates Distribution Network, and Investments in NBH. Russian flat products for over half of the company's revenue. Russia, Europe, North America, and the Middle East are the four largest markets for the company.

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