Duro Dakovic Grupa Dionicko Drustvo (ZAG:DDJH) Cash-to-Debt : 0.36 (As of Sep. 2023)

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What is Duro Dakovic Grupa Dionicko Drustvo 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. Duro Dakovic Grupa Dionicko Drustvo's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.36.

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, Duro Dakovic Grupa Dionicko Drustvo 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 Duro Dakovic Grupa Dionicko Drustvo's Cash-to-Debt or its related term are showing as below:

ZAG:DDJH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.08 Max: 1.28
Current: 0.36

During the past 13 years, Duro Dakovic Grupa Dionicko Drustvo's highest Cash to Debt Ratio was 1.28. The lowest was 0.00. And the median was 0.08.

ZAG:DDJH's Cash-to-Debt is ranked worse than
56.75% of 511 companies
in the Conglomerates industry
Industry Median: 0.48 vs ZAG:DDJH: 0.36

Duro Dakovic Grupa Dionicko Drustvo Cash-to-Debt Historical Data

The historical data trend for Duro Dakovic Grupa Dionicko Drustvo'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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Duro Dakovic Grupa Dionicko Drustvo Cash-to-Debt Chart

Duro Dakovic Grupa Dionicko Drustvo Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.20

0.02

0.08

0.02

0.12

Duro Dakovic Grupa Dionicko Drustvo Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															-	0.12	0.21	0.21	0.36

Competitive Comparison of Duro Dakovic Grupa Dionicko Drustvo's Cash-to-Debt

For the Conglomerates subindustry, Duro Dakovic Grupa Dionicko Drustvo'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.

Duro Dakovic Grupa Dionicko Drustvo's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Duro Dakovic Grupa Dionicko Drustvo's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Duro Dakovic Grupa Dionicko Drustvo's Cash-to-Debt falls into.

Duro Dakovic Grupa Dionicko Drustvo 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.

Duro Dakovic Grupa Dionicko Drustvo's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	5.958	/	(38.506	+	12.547)
	=	0.12

Duro Dakovic Grupa Dionicko Drustvo'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)
	=	6.059	/	(3.81	+	12.926)
	=	0.36

Duro Dakovic Grupa Dionicko Drustvo (ZAG:DDJH) 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.

Duro Dakovic Grupa Dionicko Drustvo Cash-to-Debt Related Terms

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

Duro Dakovic Grupa Dionicko Drustvo (ZAG:DDJH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Duro Dakovic Grupa Dionicko Drustvo (ZAG:DDJH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dr. Mile Budaka 1, Slavonski Brod, HRV, 35000

Website

https://www.duro-dakovic.com

Duro Dakovic Grupa Dionicko Drustvo is a Croatia based company engaged in multiple businesses. Its operates in Defence, Transport and Industry and Energetics sectors. The company offers battle tanks and combat vehicles, freight wagons, pressure equipment, large components, steel structures and valves for the oil industry among other products.

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