Parx Materials NV (XPAR:MLPRX) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2022)

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What is Parx Materials NV 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. Parx Materials NV's cash to debt ratio for the quarter that ended in Dec. 2022 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Parx Materials NV could pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

(1) 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.

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

XPAR:MLPRX' s Cash-to-Debt Range Over the Past 10 Years
Min: 11 Med: No Debt Max: No Debt
Current: No Debt

During the past 7 years, Parx Materials NV's highest Cash to Debt Ratio was No Debt. The lowest was 11.00. And the median was No Debt.

XPAR:MLPRX's Cash-to-Debt is ranked better than
99.74% of 1553 companies
in the Chemicals industry
Industry Median: 0.74 vs XPAR:MLPRX: No Debt

Parx Materials NV Cash-to-Debt Historical Data

The historical data trend for Parx Materials NV'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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Parx Materials NV Cash-to-Debt Chart

Parx Materials NV Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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No Debt

Parx Materials NV Semi-Annual Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Parx Materials NV's Cash-to-Debt

For the Specialty Chemicals subindustry, Parx Materials NV'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.

Parx Materials NV's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Parx Materials NV's Cash-to-Debt distribution charts can be found below:

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

Parx Materials NV 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.

Parx Materials NV's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Parx Materials NV had no debt ⁽¹⁾.

Parx Materials NV's Cash to Debt Ratio for the quarter that ended in Dec. 2022 is calculated as:

Parx Materials NV had no debt ⁽¹⁾.

Parx Materials NV (XPAR:MLPRX) 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.

Parx Materials NV Cash-to-Debt Related Terms

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Parx Materials NV (XPAR:MLPRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Parx Materials NV (XPAR:MLPRX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Goudsesingel 96 (Unit 1.7), Rotterdam, NLD, 3011 KD

Website

https://www.parxmaterials.com

Parx Materials NV is a holding company. It is engaged in developing, manufacturing, and marketing biocompatible plastics and antibacterial polymers. The company through its patented process is integrating it in plastics improving the material's characteristics to protect the surface from bacteria, molds, and fungi. Its technology does not impact any of the original features of the material and the antibacterial property lasts a lifetime. The company's technology can be used for roughly any application, for example for toilet seats, mobile phones, light switches, hospital beds, medical devices, remote controls, door handles, refrigerators, and packaging materials.

Parx Materials NV (XPAR:MLPRX) Headlines

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Parx Materials NV (XPAR:MLPRX) Cash-to-Debt : No Debt (1) (As of Dec. 2022)