Samsonite International (HKSE:01910) Cash-to-Debt : 0.31 (As of Dec. 2023)

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What is Samsonite International 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. Samsonite International's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.31.

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

HKSE:01910' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 0.29 Max: 2.88
Current: 0.31

During the past 13 years, Samsonite International's highest Cash to Debt Ratio was 2.88. The lowest was 0.18. And the median was 0.29.

HKSE:01910's Cash-to-Debt is ranked worse than
57.71% of 1038 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.47 vs HKSE:01910: 0.31

Samsonite International Cash-to-Debt Historical Data

The historical data trend for Samsonite International'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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Samsonite International Cash-to-Debt Chart

Samsonite International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.19

0.40

0.41

0.27

0.31

Samsonite International Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															N/A	0.27	0.26	0.27	0.31

Competitive Comparison of Samsonite International's Cash-to-Debt

For the Footwear & Accessories subindustry, Samsonite International'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.

Samsonite International's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Samsonite International's Cash-to-Debt distribution charts can be found below:

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

Samsonite International 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.

Samsonite International'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)
	=	5596.503	/	(1623.657	+	16307.643)
	=	0.31

Samsonite International'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)
	=	5596.503	/	(1623.657	+	16307.643)
	=	0.31

Samsonite International (HKSE:01910) 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.

Samsonite International Cash-to-Debt Related Terms

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

Samsonite International (HKSE:01910) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Samsonite International SA (HKSE:01910) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SMSOF:USA SMSEY:USA 1SO:Germany

Address

13-15, Avenue de la Liberte, Luxembourg, LUX, L-1931

Website

https://corporate.samsonite.com/en/home.html

Samsonite is the world's largest luggage company with a 19.5% market share in 2018. The company produces and sells travel luggage under various brands targeting the mid-market to high-end consumers. The group's key brand is Samsonite, whose market presence is well established, followed by Tumi, the high-end brand acquired in 2016, which alongside mass-market brand American Tourister, are the next largest earnings contributors. The majority of its products are manufactured by third parties, but Samsonite does produce its own select proprietary materials. Except for Tumi, most of its products are sold to retailers, but the acquisition of online retailer eBags in early 2017 is boosting its online sales channel direct to consumers.

Samsonite International (HKSE:01910) Headlines

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