Smart Parking (ASX:SPZ) Cash-to-Debt : 0.61 (As of Dec. 2023)

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What is Smart Parking 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. Smart Parking's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.61.

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

ASX:SPZ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.52 Med: 41.42 Max: 591.57
Current: 0.61

During the past 13 years, Smart Parking's highest Cash to Debt Ratio was 591.57. The lowest was 0.52. And the median was 41.42.

ASX:SPZ's Cash-to-Debt is ranked worse than
50.33% of 1675 companies
in the Construction industry
Industry Median: 0.63 vs ASX:SPZ: 0.61

Smart Parking Cash-to-Debt Historical Data

The historical data trend for Smart Parking'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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Smart Parking Cash-to-Debt Chart

Smart Parking Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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191.44

0.52

0.80

0.68

0.65

Smart Parking 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															0.70	0.68	0.70	0.65	0.61

Competitive Comparison of Smart Parking's Cash-to-Debt

For the Infrastructure Operations subindustry, Smart Parking'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.

Smart Parking's Cash-to-Debt Distribution in the Construction Industry

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

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

Smart Parking 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.

Smart Parking'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)
	=	11.377	/	(3.023	+	14.624)
	=	0.64

Smart Parking'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)
	=	10.165	/	(2.886	+	13.734)
	=	0.61

Smart Parking (ASX:SPZ) 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.

Smart Parking Cash-to-Debt Related Terms

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

Smart Parking (ASX:SPZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Smart Parking Ltd (ASX:SPZ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

85 Dundas Place, Albert Park, VIC, AUS, 3206

Website

https://www.smartparking.com

Smart Parking Ltd engages in the provision of design, development, and management of parking technology. It operates through three segments. The Technology segment consists of the sale of Smart City and IoT technology products and solutions predominantly to the parking market globally; the Parking Management segment, which is the key revenue driver, consists of the provision of car parking management services on behalf of third party car park owners and on sites leased by the company and managed on its own behalf in the UK; and Research and Development segment includes costs to research, develop and enhance software/hardware for both the Technology and Parking Management divisions. Geographically, it has a presence in North America; UK and Europe; Asia, and Australia.

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