Maschinenfabrik Berthold Hermle AG (FRA:MBH3) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2023)

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What is Maschinenfabrik Berthold Hermle AG 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. Maschinenfabrik Berthold Hermle AG's cash to debt ratio for the quarter that ended in Jun. 2023 was No Debt ⁽¹⁾.

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, Maschinenfabrik Berthold Hermle AG could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

(1) 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.

The historical rank and industry rank for Maschinenfabrik Berthold Hermle AG's Cash-to-Debt or its related term are showing as below:

FRA:MBH3' s Cash-to-Debt Range Over the Past 10 Years
Min: 127.62 Med: No Debt Max: No Debt
Current: 308.73

During the past 13 years, Maschinenfabrik Berthold Hermle AG's highest Cash to Debt Ratio was No Debt. The lowest was 127.62. And the median was No Debt.

FRA:MBH3's Cash-to-Debt is ranked better than
92.7% of 2999 companies
in the Industrial Products industry
Industry Median: 1.18 vs FRA:MBH3: 308.73

Maschinenfabrik Berthold Hermle AG Cash-to-Debt Historical Data

The historical data trend for Maschinenfabrik Berthold Hermle AG'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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Maschinenfabrik Berthold Hermle AG Cash-to-Debt Chart

Maschinenfabrik Berthold Hermle AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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No Debt

127.62

159.25

173.06

275.57

Maschinenfabrik Berthold Hermle AG Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	173.06	No Debt	275.57	No Debt

Competitive Comparison of Maschinenfabrik Berthold Hermle AG's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Maschinenfabrik Berthold Hermle AG'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.

Maschinenfabrik Berthold Hermle AG's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Maschinenfabrik Berthold Hermle AG's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Maschinenfabrik Berthold Hermle AG's Cash-to-Debt falls into.

Maschinenfabrik Berthold Hermle AG 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.

Maschinenfabrik Berthold Hermle AG'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)
	=	157.901	/	(0.387	+	0.186)
	=	275.57

Maschinenfabrik Berthold Hermle AG's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Maschinenfabrik Berthold Hermle AG had no debt ⁽¹⁾.

Maschinenfabrik Berthold Hermle AG (FRA:MBH3) 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.

Maschinenfabrik Berthold Hermle AG Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Maschinenfabrik Berthold Hermle AG's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Maschinenfabrik Berthold Hermle AG (FRA:MBH3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Maschinenfabrik Berthold Hermle AG (FRA:MBH3) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MBH3:Germany

Address

Industriestrasse 8-12, Gosheim, DEU, 78559

Website

http://www.hermle.de

Maschinenfabrik Berthold Hermle AG is a Germany-based company that produces universal milling machines and machining centers. Geographically operates through Germany however the products are made available in Europe, America, Asia, Africa, Australia and other international countries.

Maschinenfabrik Berthold Hermle AG (FRA:MBH3) Headlines

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Maschinenfabrik Berthold Hermle AG (FRA:MBH3) Cash-to-Debt : No Debt (1) (As of Jun. 2023)