Ramada Investimentos e Industria (XLIS:RAM) Cash-to-Debt : 0.34 (As of Dec. 2023)

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What is Ramada Investimentos e Industria 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. Ramada Investimentos e Industria's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.34.

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, Ramada Investimentos e Industria 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 Ramada Investimentos e Industria's Cash-to-Debt or its related term are showing as below:

XLIS:RAM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: 0.58 Max: 0.93
Current: 0.34

During the past 13 years, Ramada Investimentos e Industria's highest Cash to Debt Ratio was 0.93. The lowest was 0.19. And the median was 0.58.

XLIS:RAM's Cash-to-Debt is ranked worse than
54.63% of 615 companies
in the Steel industry
Industry Median: 0.43 vs XLIS:RAM: 0.34

Ramada Investimentos e Industria Cash-to-Debt Historical Data

The historical data trend for Ramada Investimentos e Industria'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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Ramada Investimentos e Industria Cash-to-Debt Chart

Ramada Investimentos e Industria Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.63

0.83

0.52

0.34

Ramada Investimentos e Industria Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.52	0.64	0.41	0.43	0.34

Competitive Comparison of Ramada Investimentos e Industria's Cash-to-Debt

For the Steel subindustry, Ramada Investimentos e Industria'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.

Ramada Investimentos e Industria's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ramada Investimentos e Industria's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ramada Investimentos e Industria's Cash-to-Debt falls into.

Ramada Investimentos e Industria 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.

Ramada Investimentos e Industria'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)
	=	16.162	/	(26.718	+	20.707)
	=	0.34

Ramada Investimentos e Industria'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)
	=	16.162	/	(26.718	+	20.707)
	=	0.34

Ramada Investimentos e Industria (XLIS:RAM) 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.

Ramada Investimentos e Industria Cash-to-Debt Related Terms

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

Ramada Investimentos e Industria (XLIS:RAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ramada Investimentos e Industria SA (XLIS:RAM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

Y4E:Germany

Address

Rua Manuel Pinto de Azevedo, No. 818, Porto, PRT, 4100-320

Website

http://www.ramadainvestimentos.pt

Ramada Investimentos e Industria SA manufactures steel products. It operates in two different business segments, namely, the Industry Segment, which includes the special steel and drawing mill activities, as well as the activity related to the management of the Group's financial holdings in which the Group is a minority shareholder; and the Real Estate Segment, devoted to managing real estate assets, among which is a significant area of forested land. The company generates the majority of its revenue from the Industry segment.