Messer Tehnogas a.d (XBEL:TGAS) Cash-to-Debt : 376.38 (As of Dec. 2023)

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What is Messer Tehnogas a.d 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. Messer Tehnogas a.d's cash to debt ratio for the quarter that ended in Dec. 2023 was 376.38.

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, Messer Tehnogas a.d could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Messer Tehnogas a.d's Cash-to-Debt or its related term are showing as below:

XBEL:TGAS' s Cash-to-Debt Range Over the Past 10 Years
Min: 27.87 Med: 320.72 Max: 1082.72
Current: 376.38

During the past 13 years, Messer Tehnogas a.d's highest Cash to Debt Ratio was 1082.72. The lowest was 27.87. And the median was 320.72.

XBEL:TGAS's Cash-to-Debt is ranked better than
93.9% of 1509 companies
in the Chemicals industry
Industry Median: 0.74 vs XBEL:TGAS: 376.38

Messer Tehnogas a.d Cash-to-Debt Historical Data

The historical data trend for Messer Tehnogas a.d'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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Messer Tehnogas a.d Cash-to-Debt Chart

Messer Tehnogas a.d Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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206.56

215.43

265.07

211.93

376.38

Messer Tehnogas a.d Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															265.07	242.22	211.93	234.10	376.38

Competitive Comparison of Messer Tehnogas a.d's Cash-to-Debt

For the Specialty Chemicals subindustry, Messer Tehnogas a.d'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.

Messer Tehnogas a.d's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Messer Tehnogas a.d's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Messer Tehnogas a.d's Cash-to-Debt falls into.

Messer Tehnogas a.d 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.

Messer Tehnogas a.d'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)
	=	7224.226	/	(1.303	+	17.891)
	=	376.38

Messer Tehnogas a.d'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)
	=	7224.226	/	(1.303	+	17.891)
	=	376.38

Messer Tehnogas a.d (XBEL:TGAS) 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.

Messer Tehnogas a.d Cash-to-Debt Related Terms

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Messer Tehnogas a.d (XBEL:TGAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Messer Tehnogas a.d (XBEL:TGAS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Banjicki Put 62, Belgrade, SRB

Website

http://www.messer.rs

Messer Tehnogas a.d. is engaged in the production and marketing of industrial and medical gases. The company serves steel and metal, metallurgy, chemical and petrochemical, food and beverage, pharmaceutical, automobile, electronics, medicine, home care, cutting and welding, water treatment and ecology and scientific research industry. Its products include oxygen, azot, argon, hydrogen, helium, home care, special gases, distribution line, HFC refrigerant fluids, natural cooling fluids, and other gases.

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