Flexdeal Simfe (XLIS:FLEXD) Cash-to-Debt : 0.57 (As of Sep. 2023)

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What is Flexdeal Simfe 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. Flexdeal Simfe's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.57.

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, Flexdeal Simfe couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

XLIS:FLEXD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 2.32 Max: 37.8
Current: 0.57

During the past 7 years, Flexdeal Simfe's highest Cash to Debt Ratio was 37.80. The lowest was 0.15. And the median was 2.32.

XLIS:FLEXD's Cash-to-Debt is ranked worse than
65.03% of 1470 companies
in the Asset Management industry
Industry Median: 5.845 vs XLIS:FLEXD: 0.57

Flexdeal Simfe Cash-to-Debt Historical Data

The historical data trend for Flexdeal Simfe'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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Flexdeal Simfe Cash-to-Debt Chart

Flexdeal Simfe Annual Data

Trend

Dec16

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

Get a 7-Day Free Trial

37.80

4.65

2.32

1.16

0.57

Flexdeal Simfe Semi-Annual Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial							2.32	2.04	1.16	0.85	0.57

Competitive Comparison of Flexdeal Simfe's Cash-to-Debt

For the Asset Management subindustry, Flexdeal Simfe'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.

Flexdeal Simfe's Cash-to-Debt Distribution in the Asset Management Industry

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

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

Flexdeal Simfe 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.

Flexdeal Simfe's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	0.833	/	(0.147	+	1.307)
	=	0.57

Flexdeal Simfe's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.833	/	(0.147	+	1.307)
	=	0.57

Flexdeal Simfe (XLIS:FLEXD) 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.

Flexdeal Simfe Cash-to-Debt Related Terms

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

Flexdeal Simfe (XLIS:FLEXD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Flexdeal Simfe SA (XLIS:FLEXD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Dr. Francisco Torres N.78, Barcelos, PRT, 4750-160

Website

https://www.flexdeal.pt

Flexdeal Simfe SA is an investment managment company. The company invests in securities issued by companies eligible for investment by movable investment companies to promote the economy.

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