Sinergon Holding AD (XBUL:SNRG) Cash-to-Debt : 1.42 (As of Jun. 2023)

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What is Sinergon Holding AD 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. Sinergon Holding AD's cash to debt ratio for the quarter that ended in Jun. 2023 was 1.42.

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, Sinergon Holding AD 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 Sinergon Holding AD's Cash-to-Debt or its related term are showing as below:

XBUL:SNRG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.13 Max: 8.77
Current: 1.42

During the past 13 years, Sinergon Holding AD's highest Cash to Debt Ratio was 8.77. The lowest was 0.08. And the median was 0.13.

XBUL:SNRG's Cash-to-Debt is ranked worse than
58.42% of 1467 companies
in the Asset Management industry
Industry Median: 5.93 vs XBUL:SNRG: 1.42

Sinergon Holding AD Cash-to-Debt Historical Data

The historical data trend for Sinergon Holding AD'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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Sinergon Holding AD Cash-to-Debt Chart

Sinergon Holding AD Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash-to-Debt

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0.10

0.08

0.21

0.26

0.19

Sinergon Holding AD Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Mar23	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															0.19	N/A	0.24	8.77	1.42

Competitive Comparison of Sinergon Holding AD's Cash-to-Debt

For the Asset Management subindustry, Sinergon Holding AD'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.

Sinergon Holding AD's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Sinergon Holding AD's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Sinergon Holding AD's Cash-to-Debt falls into.

Sinergon Holding AD 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.

Sinergon Holding AD's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 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)
	=	7.273	/	(35.139	+	2.412)
	=	0.19

Sinergon Holding AD'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)
	=	24.921	/	(12.795	+	4.786)
	=	1.42

Sinergon Holding AD (XBUL:SNRG) 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.

Sinergon Holding AD Cash-to-Debt Related Terms

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Sinergon Holding AD (XBUL:SNRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Sinergon Holding AD (XBUL:SNRG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Solunska Street, Sofia, BGR, 1000

Website

http://www.synergon.bg

Sinergon Holding AD is engaged in acquisition, management, valuation and sales of stake, patents and bonds in Bulgaria and internationally. The company is also engaged in providing tourist services, hotel and restaurant services.