Usinas Siderurgicas de Minas Gerais (Usinas Siderurgicas de Minas Gerais) Cash-to-Debt : 0.82 (As of Mar. 2024)

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What is Usinas Siderurgicas de Minas Gerais 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. Usinas Siderurgicas de Minas Gerais's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.82.

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, Usinas Siderurgicas de Minas Gerais 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 Usinas Siderurgicas de Minas Gerais's Cash-to-Debt or its related term are showing as below:

USDMY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: 0.39 Max: 1.17
Current: 0.82

During the past 13 years, Usinas Siderurgicas de Minas Gerais's highest Cash to Debt Ratio was 1.17. The lowest was 0.19. And the median was 0.39.

USDMY's Cash-to-Debt is ranked better than
67.15% of 615 companies
in the Steel industry
Industry Median: 0.42 vs USDMY: 0.82

Usinas Siderurgicas de Minas Gerais Cash-to-Debt Historical Data

The historical data trend for Usinas Siderurgicas de Minas Gerais'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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Usinas Siderurgicas de Minas Gerais Cash-to-Debt Chart

Usinas Siderurgicas de Minas Gerais Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.33

0.70

0.99

0.70

0.79

Usinas Siderurgicas de Minas Gerais 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															0.78	0.68	0.74	0.79	0.82

Competitive Comparison of Usinas Siderurgicas de Minas Gerais's Cash-to-Debt

For the Steel subindustry, Usinas Siderurgicas de Minas Gerais'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.

Usinas Siderurgicas de Minas Gerais's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Usinas Siderurgicas de Minas Gerais's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Usinas Siderurgicas de Minas Gerais's Cash-to-Debt falls into.

Usinas Siderurgicas de Minas Gerais 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.

Usinas Siderurgicas de Minas Gerais'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)
	=	1226.547	/	(356.171	+	1195.031)
	=	0.79

Usinas Siderurgicas de Minas Gerais'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)
	=	1153.159	/	(210.996	+	1198.707)
	=	0.82

Usinas Siderurgicas de Minas Gerais (OTCPK:USDMY) 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.

Usinas Siderurgicas de Minas Gerais Cash-to-Debt Related Terms

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

Usinas Siderurgicas de Minas Gerais (Usinas Siderurgicas de Minas Gerais) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Usinas Siderurgicas de Minas Gerais SA (OTCPK:USDMY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

USNZY:USA XUSIO:Spain XUSI:Spain U1S1:Germany USIM6:Brazil USIM5:Brazil USIM3:Brazil

Address

Rua Professor Jose Vieira de Mendonca, 3.011 - Engenho Nogueira, Belo Horizonte, MG, BRA, 31310-260

Website

https://www.usiminas.com

Usinas Siderurgicas de Minas Gerais SA is a Brazil-based company that is primarily engaged in the production and distribution of flat steel products. The company's product portfolio consists of ordinary heavy plates, Sincron series premium heavy plates, hot strips, cold-rolled products, and galvanized products. These products are used in automotive, civil construction, railway, electric, white goods, offshore platforms, and agricultural and construction machinery. The Brazilian domestic market represents the majority of the company's sales, while the United States, Argentina, and Turkey are the three biggest export destination markets for the company.