Amer Sports (Amer Sports) Cash-to-Debt : 0.14 (As of Mar. 2024)

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What is Amer Sports 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. Amer Sports's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.14.

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, Amer Sports 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 Amer Sports's Cash-to-Debt or its related term are showing as below:

AS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.06 Max: 0.14
Current: 0.14

During the past 4 years, Amer Sports's highest Cash to Debt Ratio was 0.14. The lowest was 0.04. And the median was 0.06.

AS's Cash-to-Debt is ranked worse than
74.17% of 817 companies
in the Travel & Leisure industry
Industry Median: 0.6 vs AS: 0.14

Amer Sports Cash-to-Debt Historical Data

The historical data trend for Amer Sports'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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Amer Sports Cash-to-Debt Chart

Amer Sports Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.06

0.09

0.06

0.07

Amer Sports Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial					N/A	0.04	0.04	0.07	0.14

Competitive Comparison of Amer Sports's Cash-to-Debt

For the Leisure subindustry, Amer Sports'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.

Amer Sports's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Amer Sports's Cash-to-Debt distribution charts can be found below:

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

Amer Sports 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.

Amer Sports'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)
	=	483.4	/	(470.4	+	6190.8)
	=	0.07

Amer Sports'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)
	=	337.3	/	(99.9	+	2301)
	=	0.14

Amer Sports (NYSE:AS) 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.

Amer Sports Cash-to-Debt Related Terms

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Amer Sports (Amer Sports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Amer Sports Inc (NYSE:AS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

Amer Sports Inc. is a group of sports and outdoor brands, including Arc'teryx, Salomon, Wilson, Atomic, and Peak Performance. It has three reportable segments: Technical Apparel, Outdoor Performance as well and Ball & Racquet Sports. Technical Apparel includes outdoor apparel, footwear, and accessories and consists of the Arc'teryx and Peak Performance brands, Outdoor Performance includes outdoor apparel, footwear, accessories, and winter sports equipment and consists of our Salomon, Atomic, Armada, and ENVE brands, Ball & Racquet Sports includes sports equipment, apparel and accessories and consists of our Wilson, Louisville Slugger, DeMarini, EvoShield, Atec and Luxilon brands, all of which comprise the Wilson Sporting Goods portfolio. Max revenue is generated from Outdoor Performance.

Amer Sports (Amer Sports) Headlines

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