Groupe Berkem (FRA:6OU) Cash-to-Debt : 0.29 (As of Dec. 2023)

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What is Groupe Berkem 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. Groupe Berkem's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.29.

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, Groupe Berkem 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 Groupe Berkem's Cash-to-Debt or its related term are showing as below:

FRA:6OU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.21 Max: 0.7
Current: 0.29

During the past 6 years, Groupe Berkem's highest Cash to Debt Ratio was 0.70. The lowest was 0.04. And the median was 0.21.

FRA:6OU's Cash-to-Debt is ranked worse than
70.99% of 1548 companies
in the Chemicals industry
Industry Median: 0.72 vs FRA:6OU: 0.29

Groupe Berkem Cash-to-Debt Historical Data

The historical data trend for Groupe Berkem'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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Groupe Berkem Cash-to-Debt Chart

Groupe Berkem Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.04

0.06

0.70

0.42

0.29

Groupe Berkem Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial				0.70	0.64	0.42	0.19	0.29

Competitive Comparison of Groupe Berkem's Cash-to-Debt

For the Specialty Chemicals subindustry, Groupe Berkem'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.

Groupe Berkem's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Groupe Berkem's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Groupe Berkem's Cash-to-Debt falls into.

Groupe Berkem 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.

Groupe Berkem'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)
	=	11.385	/	(9.049	+	29.743)
	=	0.29

Groupe Berkem'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)
	=	11.385	/	(9.049	+	29.743)
	=	0.29

Groupe Berkem (FRA:6OU) 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.

Groupe Berkem Cash-to-Debt Related Terms

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Groupe Berkem (FRA:6OU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Groupe Berkem SA (FRA:6OU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ALKEM:France

Address

Marais Ouest, Gardonne, FRA, 24680

Website

https://www.berkem.com

Groupe Berkem SA is a benchmark player in plant-based chemistry with the mission of accelerating the ecological transition of players in everyday chemistry. It designs and manufactures a wide range of active ingredients derived from plant materials, which are then offered to manufacturers for the formulation of products.

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