EDAG Engineering Group AG (XTER:ED4) Cash-to-Debt : 0.31 (As of Dec. 2023)

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What is EDAG Engineering Group 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. EDAG Engineering Group AG'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, EDAG Engineering Group 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 EDAG Engineering Group AG's Cash-to-Debt or its related term are showing as below:

XTER:ED4' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.35 Max: No Debt
Current: 0.31

During the past 13 years, EDAG Engineering Group AG's highest Cash to Debt Ratio was No Debt. The lowest was 0.10. And the median was 0.35.

XTER:ED4's Cash-to-Debt is ranked worse than
65.17% of 1295 companies
in the Vehicles & Parts industry
Industry Median: 0.57 vs XTER:ED4: 0.31

EDAG Engineering Group AG Cash-to-Debt Historical Data

The historical data trend for EDAG Engineering Group 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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EDAG Engineering Group AG Cash-to-Debt Chart

EDAG Engineering Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.23

0.60

0.53

0.38

0.31

EDAG Engineering Group AG 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															0.38	0.71	0.46	0.45	0.31

Competitive Comparison of EDAG Engineering Group AG's Cash-to-Debt

For the Auto Parts subindustry, EDAG Engineering Group 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.

EDAG Engineering Group AG's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, EDAG Engineering Group AG's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where EDAG Engineering Group AG's Cash-to-Debt falls into.

EDAG Engineering Group 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.

EDAG Engineering Group 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)
	=	107.294	/	(37.725	+	304.976)
	=	0.31

EDAG Engineering Group 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)
	=	107.294	/	(37.725	+	304.976)
	=	0.31

EDAG Engineering Group AG (XTER:ED4) 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.

EDAG Engineering Group AG Cash-to-Debt Related Terms

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EDAG Engineering Group AG (XTER:ED4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » EDAG Engineering Group AG (XTER:ED4) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ED4:Germany ED4:Germany

Address

Schlossgasse 2, Arbon, CHE, 9320

Website

https://www.edag.de

EDAG Engineering Group AG is an independent engineering partner in the international automotive industry. It is engaged in developing vehicles, derivatives, modules, and production facilities. It has divided its business into three segments namely Vehicle Engineering, Production Solutions, and Electrics/Electronics. It earns the majority of its revenue from vehicle engineering followed by electrics/electronics and production solutions. Geographic is present in Germany, the Rest of Europe, North America, South America, and Asia, and the majority of its revenue comes from the German market.

EDAG Engineering Group AG (XTER:ED4) Headlines

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