HELLA GmbH KGaA (XTER:HLE) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is HELLA GmbH KGaA 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. HELLA GmbH KGaA's cash to debt ratio for the quarter that ended in Sep. 2023 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, HELLA GmbH KGaA could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(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 HELLA GmbH KGaA's Cash-to-Debt or its related term are showing as below:

XTER:HLE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.52 Med: 0.93 Max: No Debt
Current: 7.69

During the past 11 years, HELLA GmbH KGaA's highest Cash to Debt Ratio was No Debt. The lowest was 0.52. And the median was 0.93.

XTER:HLE's Cash-to-Debt is ranked better than
85.06% of 1292 companies
in the Vehicles & Parts industry
Industry Median: 0.57 vs XTER:HLE: 7.69

HELLA GmbH KGaA Cash-to-Debt Historical Data

The historical data trend for HELLA GmbH KGaA'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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HELLA GmbH KGaA Cash-to-Debt Chart

HELLA GmbH KGaA Annual Data

Trend

May12

May13

May14

May15

May16

May17

May18

May19

May20

May21

Cash-to-Debt

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0.81

1.81

1.21

1.45

1.28

HELLA GmbH KGaA Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	0.92	9.69	No Debt	No Debt

Competitive Comparison of HELLA GmbH KGaA's Cash-to-Debt

For the Auto Parts subindustry, HELLA GmbH KGaA'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.

HELLA GmbH KGaA's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, HELLA GmbH KGaA's Cash-to-Debt distribution charts can be found below:

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

HELLA GmbH KGaA 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.

HELLA GmbH KGaA's Cash to Debt Ratio for the fiscal year that ended in May. 2021 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)
	=	1417.594	/	(29.58	+	1076.347)
	=	1.28

HELLA GmbH KGaA's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

HELLA GmbH KGaA had no debt ⁽¹⁾.

HELLA GmbH KGaA (XTER:HLE) 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.

HELLA GmbH KGaA Cash-to-Debt Related Terms

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

HELLA GmbH KGaA (XTER:HLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » HELLA GmbH & Co KGaA (XTER:HLE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0R3U:UK HLE:Austria

Address

Rixbecker Strasse 75, Lippstadt, NW, DEU, 59552

Website

https://www.hella.com

HELLA GmbH & Co KGaA is a manufacturer of lighting and electronic components and systems for the automotive industry. The company also produces complete vehicle modules, air-conditioning systems, and vehicle electrical systems in its joint-venture companies, as well as products for specialist vehicles. Further, Hella operates a trade organisation for automotive parts, accessories, diagnosis, and services in Europe. The company is controlled through a pooled family majority shareholding in the group. The company has three reportable segments which are Lighting, Electronics and Lifecycle Solutions. The company generates majority of the revenue from Lighting segment.

Executives

Charlotte Sötje	Supervisory Board
Christoph Thomas	Supervisory Board

HELLA GmbH KGaA (XTER:HLE) Headlines

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HELLA GmbH KGaA (XTER:HLE) Cash-to-Debt : No Debt (1) (As of Sep. 2023)