CIE Automotive (XMAD:CIE) Cash-to-Debt : 0.43 (As of Dec. 2023)

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What is CIE Automotive 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. CIE Automotive's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.43.

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, CIE Automotive 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 CIE Automotive's Cash-to-Debt or its related term are showing as below:

XMAD:CIE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 0.34 Max: 0.43
Current: 0.43

During the past 13 years, CIE Automotive's highest Cash to Debt Ratio was 0.43. The lowest was 0.26. And the median was 0.34.

XMAD:CIE's Cash-to-Debt is ranked worse than
56.41% of 1294 companies
in the Vehicles & Parts industry
Industry Median: 0.565 vs XMAD:CIE: 0.43

CIE Automotive Cash-to-Debt Historical Data

The historical data trend for CIE Automotive'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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CIE Automotive Cash-to-Debt Chart

CIE Automotive Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.26

0.27

0.34

0.37

0.43

CIE Automotive Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.34	0.33	0.37	0.37	0.43

Competitive Comparison of CIE Automotive's Cash-to-Debt

For the Auto Parts subindustry, CIE Automotive'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.

CIE Automotive's Cash-to-Debt Distribution in the Vehicles & Parts Industry

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

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

CIE Automotive 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.

CIE Automotive'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)
	=	966.796	/	(534.513	+	1716.518)
	=	0.43

CIE Automotive'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)
	=	966.796	/	(534.513	+	1716.518)
	=	0.43

CIE Automotive (XMAD:CIE) 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.

CIE Automotive Cash-to-Debt Related Terms

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CIE Automotive (XMAD:CIE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CIE Automotive SA (XMAD:CIE) » Definitions » Cash-to-Debt

Comparable Companies

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Address

Alameda Mazarredo 69, Vizcaya, 8th floo, Bilbao, ESP, 48009

Website

http://www.cieautomotive.com

CIE Automotive SA is a supplier of components and subassemblies for the automotive market. Cie Automotive produces components for engines, gearboxes, transmissions, chassis, interior and exterior trims, and roof systems. The company's clients include Renault, Magna, Chrysler, Daimler, Schaeffler, Ford, Nexteer, Volkswagen, and Faurecia. Next to its core automotive business, Cie Automotive operates a process improvement service through a subsidiary. The majority of revenue and operating profits are generated in Cie Automotive's core segment automotive components. Geographically, Europe and NAFTA are the largest sources of operating profits for the company.

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