Schaeffler AG (XTER:SHA) Cash-to-Debt : 0.20 (As of Dec. 2023)

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What is Schaeffler 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. Schaeffler AG's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.20.

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, Schaeffler 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 Schaeffler AG's Cash-to-Debt or its related term are showing as below:

XTER:SHA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.25 Max: 0.42
Current: 0.2

During the past 13 years, Schaeffler AG's highest Cash to Debt Ratio was 0.42. The lowest was 0.11. And the median was 0.25.

XTER:SHA's Cash-to-Debt is ranked worse than
74.21% of 1291 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs XTER:SHA: 0.20

Schaeffler AG Cash-to-Debt Historical Data

The historical data trend for Schaeffler 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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Schaeffler AG Cash-to-Debt Chart

Schaeffler AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.22

0.38

0.42

0.26

0.20

Schaeffler 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															0.26	0.25	0.19	0.23	0.20

Competitive Comparison of Schaeffler AG's Cash-to-Debt

For the Auto Parts subindustry, Schaeffler 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.

Schaeffler AG's Cash-to-Debt Distribution in the Vehicles & Parts Industry

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

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

Schaeffler 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.

Schaeffler 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)
	=	834	/	(953	+	3234)
	=	0.20

Schaeffler 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)
	=	834	/	(953	+	3234)
	=	0.20

Schaeffler AG (XTER:SHA) 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.

Schaeffler AG Cash-to-Debt Related Terms

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

Schaeffler AG (XTER:SHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Schaeffler AG (XTER:SHA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SCFLF:USA 1SHA:Italy SHAd:UK 0RBK:UK SHA:Austria

Address

Industriestrasse 1-3, Herzogenaurach, BY, DEU, 91074

Website

https://www.schaeffler.com

Schaeffler AG is an automotive and industrial supplier. The company's business is managed based on three divisions: Automotive Technologies, Automotive Aftermarket, and Industrial. The Automotive Technologies division organizes its business in the Engine Systems, Transmission Systems, E-Mobility, and Chassis Systems business divisions. The industrial division distributes components and systems for rotary and linear movements as well as services for a wide range of industrial sectors. The Automotive Aftermarket division is responsible for business with spare vehicle parts. Its Automotive Technologies generates revenue. Its geographical segments are Europe, the Americas, Greater China, and Asia-Pacific.

Executives

Jens Willem Schüler	Board of Directors
Georg F.w. Schaeffler	Supervisory Board
Matthias Zink	Board of Directors
Dr. Stefan Spindler	Board of Directors
Andreas Schick	Board of Directors
Uwe Wagner	Board of Directors
Corinna Schittenhelm	Board of Directors
Klaus Rosenfeld	Board of Directors

Schaeffler AG (XTER:SHA) Headlines

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