Ashinskiy Metallurgical Works PJSC (MIC:AMEZ) Cash-to-Debt : 15.54 (As of Jun. 2023)

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What is Ashinskiy Metallurgical Works PJSC 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. Ashinskiy Metallurgical Works PJSC's cash to debt ratio for the quarter that ended in Jun. 2023 was 15.54.

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, Ashinskiy Metallurgical Works PJSC 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 Ashinskiy Metallurgical Works PJSC's Cash-to-Debt or its related term are showing as below:

MIC:AMEZ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.08 Max: 15.54
Current: 15.54

During the past 13 years, Ashinskiy Metallurgical Works PJSC's highest Cash to Debt Ratio was 15.54. The lowest was 0.01. And the median was 0.08.

MIC:AMEZ's Cash-to-Debt is ranked better than
88.13% of 615 companies
in the Steel industry
Industry Median: 0.44 vs MIC:AMEZ: 15.54

Ashinskiy Metallurgical Works PJSC Cash-to-Debt Historical Data

The historical data trend for Ashinskiy Metallurgical Works PJSC'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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Ashinskiy Metallurgical Works PJSC Cash-to-Debt Chart

Ashinskiy Metallurgical Works PJSC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash-to-Debt

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0.06

0.08

0.38

0.70

2.19

Ashinskiy Metallurgical Works PJSC Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															0.70	0.98	2.19	N/A	15.54

Competitive Comparison of Ashinskiy Metallurgical Works PJSC's Cash-to-Debt

For the Steel subindustry, Ashinskiy Metallurgical Works PJSC'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.

Ashinskiy Metallurgical Works PJSC's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ashinskiy Metallurgical Works PJSC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ashinskiy Metallurgical Works PJSC's Cash-to-Debt falls into.

Ashinskiy Metallurgical Works PJSC 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.

Ashinskiy Metallurgical Works PJSC's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 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)
	=	9314.226	/	(997.91	+	3250.009)
	=	2.19

Ashinskiy Metallurgical Works PJSC'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)
	=	21596.158	/	(390.158	+	1000)
	=	15.54

Ashinskiy Metallurgical Works PJSC (MIC:AMEZ) 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.

Ashinskiy Metallurgical Works PJSC Cash-to-Debt Related Terms

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

Ashinskiy Metallurgical Works PJSC (MIC:AMEZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ashinskiy Metallurgical Works PJSC (MIC:AMEZ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Asha city, Mira Street no. 9, Chelyabinsk, RUS, 456010

Website

http://www.amet.ru

Ashinskiy Metallurgical Works PJSC is engaged in the business of producing stainless and carbon steel. The main activity of the company is the production of hot-rolled and cold-rolled sheet (flat) steel, and consumer goods, as well as the production of tapes and magnetic cores at the main production site located in the city of Asha.

Ashinskiy Metallurgical Works PJSC (MIC:AMEZ) Headlines

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