Cementos Argos S.A. (Cementos Argos S.A.) Cash-to-Debt : 0.31 (As of Sep. 2023)

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What is Cementos Argos S.A. 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. Cementos Argos S.A.'s cash to debt ratio for the quarter that ended in Sep. 2023 was 0.31.

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, Cementos Argos S.A. couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Cementos Argos S.A.'s Cash-to-Debt or its related term are showing as below:

CMTRY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.09 Max: 0.31
Current: 0.31

During the past 13 years, Cementos Argos S.A.'s highest Cash to Debt Ratio was 0.31. The lowest was 0.05. And the median was 0.09.

CMTRY's Cash-to-Debt is ranked worse than
57.89% of 380 companies
in the Building Materials industry
Industry Median: 0.45 vs CMTRY: 0.31

Cementos Argos S.A. Cash-to-Debt Historical Data

The historical data trend for Cementos Argos S.A.'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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Cementos Argos S.A. Cash-to-Debt Chart

Cementos Argos S.A. Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.09

0.05

0.08

0.07

0.15

Cementos Argos S.A. Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.18	0.15	0.14	0.24	0.31

Competitive Comparison of Cementos Argos S.A.'s Cash-to-Debt

For the Building Materials subindustry, Cementos Argos S.A.'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.

Cementos Argos S.A.'s Cash-to-Debt Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Cementos Argos S.A.'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Cementos Argos S.A.'s Cash-to-Debt falls into.

Cementos Argos S.A. 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.

Cementos Argos S.A.'s Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	264.151	/	(373.894	+	1346.929)
	=	0.15

Cementos Argos S.A.'s Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	266.249	/	(116.045	+	735.162)
	=	0.31

Cementos Argos S.A. (GREY:CMTRY) 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.

Cementos Argos S.A. Cash-to-Debt Related Terms

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

Cementos Argos S.A. (Cementos Argos S.A.) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cementos Argos S.A. (GREY:CMTRY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CMTOY:USA PFCEMARGOS.PFD:Columbia CEMARGOS:Columbia

Address

Carrera 53 No. 106 - 280, Centro Empresarial Buenavista, Piso 17, Barranquilla, COL

Website

https://www.argos.co

Cementos Argos S.A. is a cement producing company. In terms of the concrete business it is Colombia's leading producer and the second-largest producer in the United States. The company's corporate purpose is the exploitation of the cement industry, the production of concrete mixes and any other materials or items made of cement, lime or clay, the acquisition and exploitation of minerals or deposits of exploitable minerals in the cement industry and similar rights to explore and mine the aforementioned minerals, whether by concession, privilege, lease or other title.

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