Corticeira Amorim SGPS (XLIS:COR) Cash-to-Debt : 0.25 (As of Dec. 2023)

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What is Corticeira Amorim SGPS 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. Corticeira Amorim SGPS's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.25.

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, Corticeira Amorim SGPS 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 Corticeira Amorim SGPS's Cash-to-Debt or its related term are showing as below:

XLIS:COR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.2 Max: 0.7
Current: 0.25

During the past 13 years, Corticeira Amorim SGPS's highest Cash to Debt Ratio was 0.70. The lowest was 0.06. And the median was 0.20.

XLIS:COR's Cash-to-Debt is ranked worse than
55.44% of 285 companies
in the Forest Products industry
Industry Median: 0.32 vs XLIS:COR: 0.25

Corticeira Amorim SGPS Cash-to-Debt Historical Data

The historical data trend for Corticeira Amorim SGPS'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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Corticeira Amorim SGPS Cash-to-Debt Chart

Corticeira Amorim SGPS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.12

0.39

0.70

0.44

0.25

Corticeira Amorim SGPS 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															0.44	0.30	0.28	0.24	0.25

Competitive Comparison of Corticeira Amorim SGPS's Cash-to-Debt

For the Lumber & Wood Production subindustry, Corticeira Amorim SGPS'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.

Corticeira Amorim SGPS's Cash-to-Debt Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Corticeira Amorim SGPS's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Corticeira Amorim SGPS's Cash-to-Debt falls into.

Corticeira Amorim SGPS 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.

Corticeira Amorim SGPS'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)
	=	79.586	/	(212.44	+	101.793)
	=	0.25

Corticeira Amorim SGPS'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)
	=	79.586	/	(212.44	+	101.793)
	=	0.25

Corticeira Amorim SGPS (XLIS:COR) 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.

Corticeira Amorim SGPS Cash-to-Debt Related Terms

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

Corticeira Amorim SGPS (XLIS:COR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Corticeira Amorim SGPS SA (XLIS:COR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0O7J:UK AS4:Germany

Address

No. 380, Rua Comendador Américo Ferreira de Amorim, Mozelos, PRT, 4536-902

Website

https://www.corticeiraamorim.com

Corticeira Amorim SGPS SA (Corticeira Amorim) is a holding company engaged in cork-related products. Group organizes its activities into five business divisions: Raw Materials, Cork Stoppers, Floor and wall Coverings, Cork Composites, and Insulation Cork. The company's products include stoppers for wine and other spirits, granulated cork, rubber cork, cork floorings and giftware. The business of the company is operated through Portugal, Spain, Tunisia, the United States, Australia, Germany, China, Italy, Argentina, France and Netherlands. The company derives majority of the revenue from European region.