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Codere Online Luxembourg (Codere Online Luxembourg) Cash-to-Debt : 23.09 (As of Jun. 2023)


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What is Codere Online Luxembourg 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. Codere Online Luxembourg's cash to debt ratio for the quarter that ended in Jun. 2023 was 23.09.

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, Codere Online Luxembourg could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for Codere Online Luxembourg's Cash-to-Debt or its related term are showing as below:

CDRO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24   Med: 12.23   Max: 33.11
Current: 23.09

During the past 5 years, Codere Online Luxembourg's highest Cash to Debt Ratio was 33.11. The lowest was 0.24. And the median was 12.23.

CDRO's Cash-to-Debt is ranked better than
87.18% of 819 companies
in the Travel & Leisure industry
Industry Median: 0.6 vs CDRO: 23.09

Codere Online Luxembourg Cash-to-Debt Historical Data

The historical data trend for Codere Online Luxembourg'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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Codere Online Luxembourg Cash-to-Debt Chart

Codere Online Luxembourg Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
Cash-to-Debt
0.13 0.24 0.40 33.11 12.23

Codere Online Luxembourg Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Cash-to-Debt Get a 7-Day Free Trial 8.68 33.11 22.38 12.23 23.09

Competitive Comparison of Codere Online Luxembourg's Cash-to-Debt

For the Gambling subindustry, Codere Online Luxembourg'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.

Codere Online Luxembourg's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Codere Online Luxembourg's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Codere Online Luxembourg's Cash-to-Debt falls into.


Codere Online Luxembourg 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.

Codere Online Luxembourg's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
=64.177 / (4.495 + 0.752)
=12.23

Codere Online Luxembourg's Cash to Debt Ratio for the quarter that ended in Jun. 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)
=59.861 / (2.593 + 0)
=23.09

* 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.

Codere Online Luxembourg  (NAS:CDRO) 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.

Codere Online Luxembourg Cash-to-Debt Related Terms

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

Codere Online Luxembourg (Codere Online Luxembourg) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Codere Online Luxembourg SA (NAS:CDRO) » Definitions » Cash-to-Debt
Comparable Companies
CPHC GLXZ KEYR GAN RSI SPOZF INSE BRVO ELYS LTRY DUB:FLTR OSTO:EVO ASX:ALL DKNG CHDN LSE:ENT LNW ASX:TLC ATH:OPAP XPAR:FDJ
Traded in Other Exchanges
CDRO:Mexico
Address
7 rue Robert Stumper, Luxembourg, LUX, L-2557
Website
http://www.codereonline.com
Codere Online Luxembourg SA is an international online casino gaming and online sports betting group focused on providing its customers with a safe and enjoyable online gaming experience. It currently operates in Spain, Italy, Mexico, Colombia, Panama and in the City of Buenos Aires where it offers its users the ability to play online casino games and bet on sports events. Online casino offerings include the full portfolio of games typically available in land-based casinos, gaming halls and gambling establishments, such as slot machines, table games and bingo. Online sports betting involves a user placing a wager on an event at some fixed odds determined by Codere Online. If the user wins, it pays out the bet. If the user loses, it keeps the amount wagered.

Codere Online Luxembourg (Codere Online Luxembourg) Headlines

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