Surteco Group SE (XTER:SUR) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

View and export this data going back to 1999. Start your Free Trial

What is Surteco Group SE 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. Surteco Group SE's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

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, Surteco Group SE could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(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 Surteco Group SE's Cash-to-Debt or its related term are showing as below:

XTER:SUR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24 Med: No Debt Max: No Debt
Current: 0.27

During the past 13 years, Surteco Group SE's highest Cash to Debt Ratio was No Debt. The lowest was 0.24. And the median was No Debt.

XTER:SUR's Cash-to-Debt is ranked worse than
70.18% of 1653 companies
in the Construction industry
Industry Median: 0.62 vs XTER:SUR: 0.27

Surteco Group SE Cash-to-Debt Historical Data

The historical data trend for Surteco Group SE'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.

* Premium members only.

Surteco Group SE Cash-to-Debt Chart

Surteco Group SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.31

0.48

0.33

0.45

0.24

Surteco Group SE 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															No Debt	No Debt	No Debt	0.24	No Debt

Competitive Comparison of Surteco Group SE's Cash-to-Debt

For the Building Products & Equipment subindustry, Surteco Group SE'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.

Surteco Group SE's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Surteco Group SE's Cash-to-Debt distribution charts can be found below:

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

Surteco Group SE 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.

Surteco Group SE'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)
	=	115.025	/	(68.678	+	402.432)
	=	0.24

Surteco Group SE's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Surteco Group SE had no debt ⁽¹⁾.

Surteco Group SE (XTER:SUR) 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.

Surteco Group SE Cash-to-Debt Related Terms

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

Surteco Group SE (XTER:SUR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Surteco Group SE (XTER:SUR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SUR:Germany SUR:Germany

Address

Johan-Viktor-Bausch-Strasse 2, Buttenwiesen, BY, DEU, 86647

Website

https://www.surteco.com

Surteco Group SE is engaged in the surface technology sector. The company primarily acts as a developer, designer, producer, and marketer of surface materials based on paper and plastics. Its operating segment includes Decoratives; Profiles and Technicals. The company generates maximum revenue from the Decoratives segment. Geographically, it has a presence in Germany, America, Australia/Asia, and the rest of Europe.

Surteco Group SE (XTER:SUR) Headlines

No Headlines

Surteco Group SE (XTER:SUR) Cash-to-Debt : No Debt (1) (As of Mar. 2024)