Titan Cement International (XBRU:TITC) Cash-to-Debt : 0.29 (As of Dec. 2023)

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What is Titan Cement International 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. Titan Cement International'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, Titan Cement International 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 Titan Cement International's Cash-to-Debt or its related term are showing as below:

XBRU:TITC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.15 Max: 0.29
Current: 0.29

During the past 8 years, Titan Cement International's highest Cash to Debt Ratio was 0.29. The lowest was 0.10. And the median was 0.15.

XBRU:TITC's Cash-to-Debt is ranked worse than
60.1% of 381 companies
in the Building Materials industry
Industry Median: 0.47 vs XBRU:TITC: 0.29

Titan Cement International Cash-to-Debt Historical Data

The historical data trend for Titan Cement International'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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Titan Cement International Cash-to-Debt Chart

Titan Cement International Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.10

0.23

0.10

0.12

0.29

Titan Cement International Quarterly Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial											0.12	0.12	0.10	0.29	N/A

Competitive Comparison of Titan Cement International's Cash-to-Debt

For the Building Materials subindustry, Titan Cement International'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.

Titan Cement International's Cash-to-Debt Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Titan Cement International's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Titan Cement International's Cash-to-Debt falls into.

Titan Cement International 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.

Titan Cement International'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)
	=	274.525	/	(393.364	+	541.025)
	=	0.29

Titan Cement International'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)
	=	274.525	/	(393.364	+	541.025)
	=	0.29

Titan Cement International (XBRU:TITC) 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.

Titan Cement International Cash-to-Debt Related Terms

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

Titan Cement International (XBRU:TITC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Titan Cement International SA (XBRU:TITC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TTCIF:USA TITC:Greece TCJ:Germany

Address

Rue de la Loi 23, 7th Floor, P.O. Box 4, Brussels, BEL, 1040

Website

https://www.titan-cement.com

Titan Cement International SA and its subsidiaries are engaged in the production, trade, and distribution of a wide range of construction materials, including cement, concrete, aggregates, cement blocks, dry mortars and fly ash. Its Geographical operating segment includes Greece and Western Europe; North America; South Eastern Europe and Eastern Mediterranean. The company derives a majority of revenue from North America.

Titan Cement International (XBRU:TITC) Headlines

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