Altech Advanced Materials AG (FRA:AMA) Cash-to-Debt : 0.38 (As of Dec. 2023)

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What is Altech Advanced Materials 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. Altech Advanced Materials AG's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.38.

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

FRA:AMA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.38 Med: 3.68 Max: 18.88
Current: 0.38

During the past 13 years, Altech Advanced Materials AG's highest Cash to Debt Ratio was 18.88. The lowest was 0.38. And the median was 3.68.

FRA:AMA's Cash-to-Debt is ranked worse than
69.43% of 1449 companies
in the Asset Management industry
Industry Median: 5.79 vs FRA:AMA: 0.38

Altech Advanced Materials AG Cash-to-Debt Historical Data

The historical data trend for Altech Advanced Materials 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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Altech Advanced Materials AG Cash-to-Debt Chart

Altech Advanced Materials AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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8.14

3.68

18.88

14.21

0.38

Altech Advanced Materials AG Semi-Annual Data
	Jun13	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															18.88	15.56	14.21	0.16	0.38

Competitive Comparison of Altech Advanced Materials AG's Cash-to-Debt

For the Asset Management subindustry, Altech Advanced Materials 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.

Altech Advanced Materials AG's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Altech Advanced Materials AG's Cash-to-Debt distribution charts can be found below:

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

Altech Advanced Materials 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.

Altech Advanced Materials 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)
	=	1.379	/	(0	+	3.652)
	=	0.38

Altech Advanced Materials 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)
	=	1.379	/	(0	+	3.652)
	=	0.38

Altech Advanced Materials AG (FRA:AMA) 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.

Altech Advanced Materials AG Cash-to-Debt Related Terms

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Altech Advanced Materials AG (FRA:AMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Altech Advanced Materials AG (FRA:AMA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AMA:Germany

Address

Ziegelhauser Landstrasse 3, Heidelberg, BW, DEU, 69120

Website

https://www.altechadvancedmaterials.com

Altech Advanced Materials AG is an investment company that makes investments in corporations and partnerships that represent a good opportunity/risk ratio, particularly in the business areas of raw material extraction and processing, chemistry, manufacture of all types of packaging and paper products, as well as their distribution. The aim of the company, together with its cooperation partner Altech Batteries Limited, is to enter the market for lithium-ion batteries for electromobility with innovative and high-performance anode material based on high-purity aluminum oxide ("HPA) - Silumina Anodes - as well as in the area of solid-state batteries for stationary battery use with - CERENERGY - to participate.

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