Downer EDI (ASX:DOW) Cash-to-Debt : 0.33 (As of Dec. 2023)

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What is Downer EDI 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. Downer EDI's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.33.

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

ASX:DOW' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 0.41 Max: 1.05
Current: 0.33

During the past 13 years, Downer EDI's highest Cash to Debt Ratio was 1.05. The lowest was 0.20. And the median was 0.41.

ASX:DOW's Cash-to-Debt is ranked worse than
66.33% of 1675 companies
in the Construction industry
Industry Median: 0.63 vs ASX:DOW: 0.33

Downer EDI Cash-to-Debt Historical Data

The historical data trend for Downer EDI'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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Downer EDI Cash-to-Debt Chart

Downer EDI Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.43

0.22

0.41

0.40

0.42

Downer EDI 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															0.39	0.40	0.23	0.42	0.33

Competitive Comparison of Downer EDI's Cash-to-Debt

For the Engineering & Construction subindustry, Downer EDI'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.

Downer EDI's Cash-to-Debt Distribution in the Construction Industry

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

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

Downer EDI 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.

Downer EDI'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)
	=	896.7	/	(140.1	+	1998.4)
	=	0.42

Downer EDI'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)
	=	572	/	(144.8	+	1617)
	=	0.32

Downer EDI (ASX:DOW) 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.

Downer EDI Cash-to-Debt Related Terms

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Downer EDI (ASX:DOW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Downer EDI Ltd (ASX:DOW) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DNE:Germany

Address

39 Delhi Road, Level 2, Triniti III, Triniti Business Campus, North Ryde, NSW, AUS, 2113

Website

https://www.downergroup.com

Downer operates engineering, construction, and maintenance; transport; technology and communications; utilities; and rail units. The future of Downer is focused on urban services, and mining and high-risk construction businesses have been sold. The engineering, construction, and maintenance business had exposure to mining and energy projects through consulting services. The mining division had provided contracted mining services. The rail division services and maintains passenger rolling stock, including locomotives and wagons.