Plenti Group (ASX:PLT) Cash-to-Debt : 0.07 (As of Sep. 2023)

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What is Plenti 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. Plenti Group's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.07.

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, Plenti Group couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

ASX:PLT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.1 Max: 0.21
Current: 0.07

During the past 4 years, Plenti Group's highest Cash to Debt Ratio was 0.21. The lowest was 0.07. And the median was 0.10.

ASX:PLT's Cash-to-Debt is ranked worse than
69.7% of 505 companies
in the Credit Services industry
Industry Median: 0.25 vs ASX:PLT: 0.07

Plenti Group Cash-to-Debt Historical Data

The historical data trend for Plenti 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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Plenti Group Cash-to-Debt Chart

Plenti Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

0.23

0.14

0.11

0.08

Plenti Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial			0.10	0.11	0.07	0.08	0.07

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

For the Credit Services subindustry, Plenti 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.

Plenti Group's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Plenti Group's Cash-to-Debt distribution charts can be found below:

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

Plenti 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.

Plenti Group's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	142.959	/	(0	+	1834.014)
	=	0.08

Plenti Group's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	142.757	/	(2046.659	+	0)
	=	0.07

Plenti Group (ASX:PLT) 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.

Plenti Group Cash-to-Debt Related Terms

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

Plenti Group (ASX:PLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Plenti Group Ltd (ASX:PLT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 Martin Place, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.plenti.com.au

Plenti Group Ltd is a technology-led consumer lending and investment company. The company offers loan products under three verticals namely, Automotive lending provides finance to personal and commercial customers for the purchase of new or used motor vehicles; Renewable energy lending provides finance to Australian households for the purchase and installation of renewable energy products such as solar panels and batteries; and Personal lending provides fixed-term, unsecured, interest-bearing loans used for purposes such as debt consolidation, home improvement, travel expenses, major events, medical expenses, and other purposes.

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