Surface Transforms (LSE:SCE) Cash-to-Debt : 1.71 (As of Jun. 2023)

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What is Surface Transforms 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. Surface Transforms's cash to debt ratio for the quarter that ended in Jun. 2023 was 1.71.

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, Surface Transforms could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

LSE:SCE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 1.74 Max: 238.85
Current: 1.71

During the past 13 years, Surface Transforms's highest Cash to Debt Ratio was 238.85. The lowest was 0.04. And the median was 1.74.

LSE:SCE's Cash-to-Debt is ranked better than
69.74% of 1216 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs LSE:SCE: 1.71

Surface Transforms Cash-to-Debt Historical Data

The historical data trend for Surface Transforms'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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Surface Transforms Cash-to-Debt Chart

Surface Transforms Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.53

1.11

0.58

3.94

5.47

Surface Transforms Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															10.52	3.94	2.27	5.47	1.71

Competitive Comparison of Surface Transforms's Cash-to-Debt

For the Auto Parts subindustry, Surface Transforms'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.

Surface Transforms's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Surface Transforms's Cash-to-Debt distribution charts can be found below:

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

Surface Transforms 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.

Surface Transforms'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)
	=	14.924	/	(0.506	+	2.222)
	=	5.47

Surface Transforms's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	4.506	/	(0.559	+	2.073)
	=	1.71

Surface Transforms (LSE:SCE) 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.

Surface Transforms Cash-to-Debt Related Terms

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

Surface Transforms (LSE:SCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Surface Transforms PLC (LSE:SCE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

XE4:Germany

Address

Acornfield Road, Knowsley Industrial Estate, Image Business Park, Liverpool, GBR, L33 7UF

Website

https://www.surfacetransforms.com

Surface Transforms PLC is a company that develops, manufactures, and markets carbon-ceramic products for the brakes market. It also engages in developing new products and applications for carbon fiber-reinforced ceramic friction and non-friction materials. It has operations spread across the United Kingdom, Germany, Sweden the United States of America, the Rest of Europe, and the Rest of the World.

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