Compania deneamento de Minas Gerais - COPASA MG (Compania deneamento de Minas Gerais - COPASA MG) Cash-to-Debt : 0.17 (As of Mar. 2024)

View and export this data going back to . Start your Free Trial

What is Compania deneamento de Minas Gerais - COPASA MG 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. Compania deneamento de Minas Gerais - COPASA MG's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.17.

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, Compania deneamento de Minas Gerais - COPASA MG 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 Compania deneamento de Minas Gerais - COPASA MG's Cash-to-Debt or its related term are showing as below:

CSMQY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.19 Max: 0.36
Current: 0.17

During the past 13 years, Compania deneamento de Minas Gerais - COPASA MG's highest Cash to Debt Ratio was 0.36. The lowest was 0.06. And the median was 0.19.

CSMQY's Cash-to-Debt is ranked worse than
59.07% of 496 companies
in the Utilities - Regulated industry
Industry Median: 0.25 vs CSMQY: 0.17

Compania deneamento de Minas Gerais - COPASA MG Cash-to-Debt Historical Data

The historical data trend for Compania deneamento de Minas Gerais - COPASA MG'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.

* Premium members only.

Compania deneamento de Minas Gerais - COPASA MG Cash-to-Debt Chart

Compania deneamento de Minas Gerais - COPASA MG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.16

0.22

0.32

0.27

0.21

Compania deneamento de Minas Gerais - COPASA MG 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															0.26	0.19	0.27	0.21	0.17

Competitive Comparison of Compania deneamento de Minas Gerais - COPASA MG's Cash-to-Debt

For the Utilities - Regulated Water subindustry, Compania deneamento de Minas Gerais - COPASA MG'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.

Compania deneamento de Minas Gerais - COPASA MG's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Compania deneamento de Minas Gerais - COPASA MG's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Compania deneamento de Minas Gerais - COPASA MG's Cash-to-Debt falls into.

Compania deneamento de Minas Gerais - COPASA MG 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.

Compania deneamento de Minas Gerais - COPASA MG'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)
	=	210.529	/	(148.82	+	838.117)
	=	0.21

Compania deneamento de Minas Gerais - COPASA MG'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)
	=	157.42	/	(137.686	+	804.266)
	=	0.17

Compania deneamento de Minas Gerais - COPASA MG (OTCPK:CSMQY) 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.

Compania deneamento de Minas Gerais - COPASA MG Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Compania deneamento de Minas Gerais - COPASA MG's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Compania deneamento de Minas Gerais - COPASA MG (Compania deneamento de Minas Gerais - COPASA MG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Compania de Saneamento de Minas Gerais - COPASA MG (OTCPK:CSMQY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CSMG3:Brazil

Address

Rua Mar de Espanha 525, Santo Antonio, Belo Horizonte, MG, BRA, 30330900

Website

http://www.copasa.com.br

COPASA MG provides water supply, sewage, and solid waste services. The company operates out of subsidiaries COPASA Serviços de Irrigaçao S.A., COPASA Aguas Minerais de Minas S.A, and COPANOR. COPASA Serviços de Irrigaçao S.A. manages, performs, and sells irrigation system services. COPASA Águas Minerais de Minas S.A. produces, bottles, distributes, and sells mineral water. COPANOR provides water supply and sewage treatment services across the North and Northeast regions of the State of Minas Gerais. A majority of revenue is derived from water services while the rest is derived from sewage services. The company operates out of Brazil, where a significant amount of revenue is generated.

Compania deneamento de Minas Gerais - COPASA MG (Compania deneamento de Minas Gerais - COPASA MG) Headlines

No Headlines