Daimler Truck Holding AG (WBO:DTG) Cash-to-Debt : 0.39 (As of Dec. 2023)

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What is Daimler Truck Holding AG 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. Daimler Truck Holding AG's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.39.

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, Daimler Truck Holding AG 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 Daimler Truck Holding AG's Cash-to-Debt or its related term are showing as below:

WBO:DTG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: 0.38 Max: 0.49
Current: 0.39

During the past 6 years, Daimler Truck Holding AG's highest Cash to Debt Ratio was 0.49. The lowest was 0.19. And the median was 0.38.

WBO:DTG's Cash-to-Debt is ranked worse than
60.39% of 207 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.62 vs WBO:DTG: 0.39

Daimler Truck Holding AG Cash-to-Debt Historical Data

The historical data trend for Daimler Truck Holding AG'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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Daimler Truck Holding AG Cash-to-Debt Chart

Daimler Truck Holding AG Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.26

0.39

0.49

0.38

0.39

Daimler Truck Holding AG Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											0.38	0.46	0.47	0.50	0.39

Competitive Comparison of Daimler Truck Holding AG's Cash-to-Debt

For the Farm & Heavy Construction Machinery subindustry, Daimler Truck Holding AG'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.

Daimler Truck Holding AG's Cash-to-Debt Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Daimler Truck Holding AG's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Daimler Truck Holding AG's Cash-to-Debt falls into.

Daimler Truck Holding AG 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.

Daimler Truck Holding AG'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)
	=	8840	/	(7345	+	15369)
	=	0.39

Daimler Truck Holding AG'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)
	=	8840	/	(7345	+	15369)
	=	0.39

Daimler Truck Holding AG (WBO:DTG) 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.

Daimler Truck Holding AG Cash-to-Debt Related Terms

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Daimler Truck Holding AG (WBO:DTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Daimler Truck Holding AG (WBO:DTG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DTGHF:USA DTRUY:USA DTG:Romania DTGd:UK DTG:Germany

Address

Fasanenweg 10, Leinfelden-Echterdingen, BW, DEU, 70771

Website

https://www.daimlertruck.com

Daimler Truck Holding AG is a commercial vehicle manufacturer. It operates through various brands including Bharat Benz, Freightliner, Fuso, Mercedes-Benz, Setra, Thomas Built Buses, and Western Star. Its products include Trucks, Buses, and Financial Services. The Group has five reportable segments: Trucks North America, Mercedes-Benz, Trucks Asia, Daimler Buses, and Financial Services. It generates maximum revenue from the Trucks North America segment. The Trucks North America segment develops, manufactures and sells trucks under the Freightliner and Western Star brands in North America. The segment's product range also includes buses of Thomas Built Buses as well as bus chassis.

Daimler Truck Holding AG (WBO:DTG) Headlines

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