Spirax-Sarco Engineering (Spirax-Sarco Engineering) Cash-to-Debt : 0.32 (As of Dec. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Spirax-Sarco Engineering 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. Spirax-Sarco Engineering's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.32.

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, Spirax-Sarco Engineering couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

SPXSF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.29 Med: 0.54 Max: 1.58
Current: 0.32

During the past 13 years, Spirax-Sarco Engineering's highest Cash to Debt Ratio was 1.58. The lowest was 0.29. And the median was 0.54.

SPXSF's Cash-to-Debt is ranked worse than
77.37% of 3000 companies
in the Industrial Products industry
Industry Median: 1.22 vs SPXSF: 0.32

Spirax-Sarco Engineering Cash-to-Debt Historical Data

The historical data trend for Spirax-Sarco Engineering'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.

Spirax-Sarco Engineering Cash-to-Debt Chart

Spirax-Sarco Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.50

0.48

0.59

0.30

0.32

Spirax-Sarco Engineering 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															0.59	0.54	0.30	0.28	0.32

Competitive Comparison of Spirax-Sarco Engineering's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Spirax-Sarco Engineering'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.

Spirax-Sarco Engineering's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Spirax-Sarco Engineering's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Spirax-Sarco Engineering's Cash-to-Debt falls into.

Spirax-Sarco Engineering 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.

Spirax-Sarco Engineering'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)
	=	455.316	/	(208.861	+	1212.785)
	=	0.32

Spirax-Sarco Engineering'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)
	=	455.316	/	(208.861	+	1212.785)
	=	0.32

Spirax-Sarco Engineering (OTCPK:SPXSF) 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.

Spirax-Sarco Engineering Cash-to-Debt Related Terms

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

Spirax-Sarco Engineering (Spirax-Sarco Engineering) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Spirax-Sarco Engineering PLC (OTCPK:SPXSF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SPXSY:USA SPXl:UK SPX:UK 1LNB:Germany

Address

Cirencester Road, Charlton House, Cheltenham, Gloucestershire, GBR, GL53 8ER

Website

https://www.spiraxsarcoengineering.com

Spirax-Sarco is a global manufacturer of a wide range of applications for industrial and commercial steam systems, electric thermal solutions and peristaltic pumps used across multiple industries. The group operates across three segments and has over 110,000 direct customers across 130 countries. Approximately 85% of group sales are generated from recurring maintenance and small improvements to existing customer systems. Spirax-Sarco has 1,700 product lines and 2,100 sales and service engineers, who account for 25% of employees.

Spirax-Sarco Engineering (Spirax-Sarco Engineering) Headlines

From GuruFocus

Spirax-Sarco Engineering PLC's Dividend Analysis

By GuruFocus Research • 10-11-2023

Royce Investment Partners Commentary: Overlooked Opportunities in International Small Cap Podcast

By Sydnee Gatewood • 08-25-2021