Plascar Participacoes Industriais (BSP:PLAS3) Cash-to-Debt : 0.09 (As of Mar. 2024)

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What is Plascar Participacoes Industriais 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. Plascar Participacoes Industriais's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.09.

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, Plascar Participacoes Industriais couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

BSP:PLAS3' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.19
Current: 0.09

During the past 13 years, Plascar Participacoes Industriais's highest Cash to Debt Ratio was 0.19. The lowest was 0.00. And the median was 0.03.

BSP:PLAS3's Cash-to-Debt is ranked worse than
85.1% of 1208 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs BSP:PLAS3: 0.09

Plascar Participacoes Industriais Cash-to-Debt Historical Data

The historical data trend for Plascar Participacoes Industriais'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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Plascar Participacoes Industriais Cash-to-Debt Chart

Plascar Participacoes Industriais Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.09

0.18

0.06

0.08

0.06

Plascar Participacoes Industriais Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.03	0.02	0.04	0.06	0.09

Competitive Comparison of Plascar Participacoes Industriais's Cash-to-Debt

For the Auto Parts subindustry, Plascar Participacoes Industriais'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.

Plascar Participacoes Industriais's Cash-to-Debt Distribution in the Vehicles & Parts Industry

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

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

Plascar Participacoes Industriais 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.

Plascar Participacoes Industriais'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)
	=	16.841	/	(155.135	+	139.985)
	=	0.06

Plascar Participacoes Industriais's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	29.584	/	(192.954	+	122.803)
	=	0.09

Plascar Participacoes Industriais (BSP:PLAS3) 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.

Plascar Participacoes Industriais Cash-to-Debt Related Terms

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

Plascar Participacoes Industriais (BSP:PLAS3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Plascar Participacoes Industriais SA (BSP:PLAS3) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Wilhelm Winter, 300 Distrito Industrial, Jundiai, SP, BRA, CEP 13213-000

Website

https://www.plascar.com.br

Plascar Participacoes Industriais SA is engaged in manufacturing and distributing auto parts. The company with its subsidiaries is involved in the manufacturing and sales of pieces and parts related to internal and external finishing of automotive vehicles. In addition, the company is also involved in the manufacturing of non-automotive products, such as supermarket trolleys, multipurpose boxes, ecological pallets, and furniture. The company product portfolio includes products like includes bumpers, instrument panels, air diffusers, cup holders, side doors, door pockets, and carpets.

Plascar Participacoes Industriais (BSP:PLAS3) Headlines

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