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Linde (LIN) Cash-to-Debt : 0.22 (As of Jun. 2024)


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What is Linde 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. Linde's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.22.

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, Linde couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

LIN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01   Med: 0.19   Max: 0.41
Current: 0.22

During the past 13 years, Linde's highest Cash to Debt Ratio was 0.41. The lowest was 0.01. And the median was 0.19.

LIN's Cash-to-Debt is ranked worse than
76.33% of 1542 companies
in the Chemicals industry
Industry Median: 0.71 vs LIN: 0.22

Linde Cash-to-Debt Historical Data

The historical data trend for Linde'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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Linde Cash-to-Debt Chart

Linde Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.18 0.22 0.19 0.29 0.23

Linde Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.19 0.22 0.23 0.24 0.22

Competitive Comparison of Linde's Cash-to-Debt

For the Specialty Chemicals subindustry, Linde'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.


Linde's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Linde's Cash-to-Debt distribution charts can be found below:

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



Linde 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.

Linde's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Linde's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:

* 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.


Linde  (NAS:LIN) 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.


Linde Cash-to-Debt Related Terms

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


Linde Business Description

Address
10 Riverview Drive, Danbury, CT, USA, 06810
Linde PLC is the industrial gas supplier in the world, with operations in over 100 countries. The firm's main products are atmospheric gases (including oxygen, nitrogen, and argon) and process gases (including hydrogen, carbon dioxide, and helium), as well as equipment used in industrial gas production. Linde serves a wide variety of end markets, including chemicals, manufacturing, healthcare, and steelmaking. Linde generated approximately $33 billion in revenue in 2023.
Executives
John Panikar officer: Executive VP, APAC 39 OLD RIDGEBURY ROAD, DANBURY CT 06810-5113
Oliver Pfann officer: Senior Vice President, EMEA FORGE, 43 CHURCH STREET WEST, WOKING SURREY X0 GU216HT
Sean Durbin officer: Executive VP, EMEA C/O LINDE PLC, THE PRIESTLEY CENTRE 10 PRIESTLEY ROAD, GUILDFORD, SURREY X0 GU2 XY7
Guillermo Bichara officer: Senior VP& Chief Legal Officer 39 OLD RIDGEBURY ROAD, DANBURY CT 06810-5113
David P Strauss officer: Senior VP & Chief HR Officer 10 RIVERVIEW DRIVE, DANBURY CT 06810
Sanjiv Lamba officer: Chief Operating Officer THE PRIESTLEY CENTRE, 10 PRIESTLEY RD, SURREY RESEARCH PARK, GUILDFORD, SURREY X0 GU2 7XY
Juergen Nowicki officer: Executive VP, Engineering C/O LINDE PLC, THE PRIESTLEY CENTRE, 10 PRIESTLEY ROAD, GUILDFORD, SURREY X0 GU2 7XY
Matthew J White officer: Chief Financial Officer C/O PRAXAIR, INC., 39 OLD RIDGEBURY ROAD, DANBURY CT 12533
Stephen F Angel director, officer: Chief Executive Officer 39 OLD RIDGEBURY ROAD, DANBURY CT 06810-5113
Hugh Grant director C/O PPG INDUSTRIES, INC., 1 PPG PLACE, PITTSBURGH PA 15272
Kelcey E Hoyt officer: Principal Accounting Officer 39 OLD RIDGEBURY ROAD, DANBURY CT 06810-5113
Andreas Opfermann officer: Executive VP, Americas C/O LINDE, THE PRIESTLEY CENTRE, 10 PRIESTLEY ROAD, GUILDFORD, SURREY X0 GU2 7XY
Mr. Franz Fehrenbach Director
Franz Fehrenbach director THE PRIESTLEY CENTRE, 10 PRIESTLEY ROAD, THE SURREY RESEARCH PARK, GUILDFORD, SURREY X0 GU2 7XY
Alberto Weisser director