DGL Group (ASX:DGL) Cash-to-Debt : 0.11 (As of Dec. 2023)

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What is DGL Group 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. DGL Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.11.

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

ASX:DGL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.21 Max: 0.94
Current: 0.11

During the past 3 years, DGL Group's highest Cash to Debt Ratio was 0.94. The lowest was 0.11. And the median was 0.21.

ASX:DGL's Cash-to-Debt is ranked worse than
83.62% of 525 companies
in the Conglomerates industry
Industry Median: 0.49 vs ASX:DGL: 0.11

DGL Group Cash-to-Debt Historical Data

The historical data trend for DGL Group'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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DGL Group Cash-to-Debt Chart

DGL Group Annual Data

Trend

Jun21

Jun22

Jun23

Cash-to-Debt

0.85

0.23

0.21

DGL Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			0.20	0.23	0.16	0.21	0.11

Competitive Comparison of DGL Group's Cash-to-Debt

For the Conglomerates subindustry, DGL Group'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.

DGL Group's Cash-to-Debt Distribution in the Conglomerates Industry

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

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

DGL Group 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.

DGL Group's Cash to Debt Ratio for the fiscal year 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)
	=	36.726	/	(20.507	+	152.772)
	=	0.21

DGL Group'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)
	=	21.253	/	(20.198	+	168.851)
	=	0.11

DGL Group (ASX:DGL) 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.

DGL Group Cash-to-Debt Related Terms

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DGL Group (ASX:DGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » DGL Group Ltd (ASX:DGL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/- DW Accounting and Advisory Pty Ltd, Level 4, 91-97 William Street, Melbourne, VIC, AUS, 3000

Website

https://www.dglgroup.com

DGL Group Ltd is an investment holding company. The company's segment includes Environmental Solutions; Chemical Manufacturing; Warehousing and Distribution and Corporate Costs. It generates maximum revenue from the Chemical Manufacturing segment. The Chemical Manufacturing segment produces its own range of speciality chemicals and undertaken advanced formulation and contract manufacturing on behalf of third parties.