Latecoere (XPAR:LAT) Cash-to-Debt : 0.11 (As of Jun. 2023)

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What is Latecoere 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. Latecoere's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.11.

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, Latecoere couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for Latecoere's Cash-to-Debt or its related term are showing as below:

XPAR:LAT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.39 Max: 1.16
Current: 0.11

During the past 13 years, Latecoere's highest Cash to Debt Ratio was 1.16. The lowest was 0.06. And the median was 0.39.

XPAR:LAT's Cash-to-Debt is ranked worse than
82.9% of 310 companies
in the Aerospace & Defense industry
Industry Median: 0.705 vs XPAR:LAT: 0.11

Latecoere Cash-to-Debt Historical Data

The historical data trend for Latecoere'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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Latecoere Cash-to-Debt Chart

Latecoere Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

0.82

0.23

0.35

0.81

0.20

Latecoere Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															0.21	0.81	0.57	0.20	0.11

Competitive Comparison of Latecoere's Cash-to-Debt

For the Aerospace & Defense subindustry, Latecoere'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.

Latecoere's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Latecoere's Cash-to-Debt distribution charts can be found below:

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

Latecoere 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.

Latecoere'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)
	=	73.967	/	(51.417	+	319.591)
	=	0.20

Latecoere's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	45.845	/	(133.251	+	282.798)
	=	0.11

Latecoere (XPAR:LAT) 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.

Latecoere Cash-to-Debt Related Terms

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

Latecoere (XPAR:LAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Latecoere SA (XPAR:LAT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0IXT:UK 12J0:Germany

Address

135, Rue de Periole, BP 25211, Cedex 5, Toulouse, FRA, 31079

Website

https://www.latecoere.aero

Latecoere SA is operating in the aeronautics industry. The company's core business activities are categorized into two key segments: Aerostructures segment and Interconnection Systems segment. Its Aerostructures division designs and manufactures fuselage components such as aircraft sections, tail cones, nose cone fairings, among others. Latecoere's Interconnection Systems specializes in the customized design, and production of wiring systems, avionics racks and test benches for the aeronautics, defense and space sectors. The Interconnection Systems segment contributes the majority of the total revenue. The company has an operational presence across Europe, Africa, and Central America.

Latecoere (XPAR:LAT) Headlines

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