Avemio AG (XTER:3D6) Cash-to-Debt : 0.73 (As of Jun. 2023)

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What is Avemio 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. Avemio AG's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.73.

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, Avemio AG couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

(1) 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.

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

XTER:3D6' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.73 Med: No Debt Max: No Debt
Current: 0.73

During the past 3 years, Avemio AG's highest Cash to Debt Ratio was No Debt. The lowest was 0.73. And the median was No Debt.

XTER:3D6's Cash-to-Debt is ranked worse than
54.63% of 1047 companies
in the Business Services industry
Industry Median: 0.99 vs XTER:3D6: 0.73

Avemio AG Cash-to-Debt Historical Data

The historical data trend for Avemio 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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Avemio AG Cash-to-Debt Chart

Avemio AG Annual Data

Trend

Dec19

Dec20

Dec21

Cash-to-Debt

No Debt

Avemio AG Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	No Debt	0.73

Competitive Comparison of Avemio AG's Cash-to-Debt

For the Consulting Services subindustry, Avemio 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.

Avemio AG's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Avemio AG's Cash-to-Debt distribution charts can be found below:

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

Avemio 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.

Avemio AG's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

Avemio AG had no debt ⁽¹⁾.

Avemio AG'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)
	=	7.706	/	(10.588	+	0)
	=	0.73

Avemio AG (XTER:3D6) 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.

Avemio AG Cash-to-Debt Related Terms

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Avemio AG (XTER:3D6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Avemio AG (XTER:3D6) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

3D6:Germany

Address

Königsallee 60f, Dusseldorf, DEU, 40212

Website

http://www.palgon.de

Avemio AG Formerly Palgon AG provides management consulting services. It offers marketing, distribution, and other services in the field of information technology, including the Internet and data processing and related fields. Further, the group is also involved in acquiring, selling, renting, and managing real estate.

Avemio AG (XTER:3D6) Headlines

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