Aradei Capital (CAS:ARD) Cash-to-Debt : 0.20 (As of Dec. 2023)

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What is Aradei Capital 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. Aradei Capital's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.20.

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

CAS:ARD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.37 Max: No Debt
Current: 0.2

During the past 7 years, Aradei Capital's highest Cash to Debt Ratio was No Debt. The lowest was 0.13. And the median was 0.37.

CAS:ARD's Cash-to-Debt is ranked worse than
55.99% of 1795 companies
in the Real Estate industry
Industry Median: 0.26 vs CAS:ARD: 0.20

Aradei Capital Cash-to-Debt Historical Data

The historical data trend for Aradei Capital'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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Aradei Capital Cash-to-Debt Chart

Aradei Capital Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.47

0.37

0.21

0.13

0.20

Aradei Capital Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							0.21	0.13	0.13	0.13	0.20

Competitive Comparison of Aradei Capital's Cash-to-Debt

For the Real Estate Services subindustry, Aradei Capital'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.

Aradei Capital's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Aradei Capital's Cash-to-Debt distribution charts can be found below:

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

Aradei Capital 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.

Aradei Capital'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)
	=	682.327	/	(485.539	+	2866.508)
	=	0.20

Aradei Capital'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)
	=	682.327	/	(485.539	+	2866.508)
	=	0.20

Aradei Capital (CAS:ARD) 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.

Aradei Capital Cash-to-Debt Related Terms

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