DriveItAway Holdings (DriveItAway Holdings) Cash-to-Debt : 0.01 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is DriveItAway Holdings 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. DriveItAway Holdings's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.01.

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, DriveItAway Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

DWAY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 1.19
Current: 0.01

During the past 3 years, DriveItAway Holdings's highest Cash to Debt Ratio was 1.19. The lowest was 0.00. And the median was 0.03.

DWAY's Cash-to-Debt is ranked worse than
98% of 1048 companies
in the Business Services industry
Industry Median: 0.99 vs DWAY: 0.01

DriveItAway Holdings Cash-to-Debt Historical Data

The historical data trend for DriveItAway Holdings'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.

* Premium members only.

DriveItAway Holdings Cash-to-Debt Chart

DriveItAway Holdings Annual Data

Trend

Sep21

Sep22

Sep23

Cash-to-Debt

0.03

0.12

DriveItAway Holdings Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial								0.01	-	-	0.04	0.01

Competitive Comparison of DriveItAway Holdings's Cash-to-Debt

For the Rental & Leasing Services subindustry, DriveItAway Holdings'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.

DriveItAway Holdings's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, DriveItAway Holdings's Cash-to-Debt distribution charts can be found below:

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

DriveItAway Holdings 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.

DriveItAway Holdings's Cash to Debt Ratio for the fiscal year 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)
	=	0.005	/	(1.173	+	0.307)
	=	0.00

DriveItAway Holdings's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	0.009	/	(1.6	+	0.129)
	=	0.01

DriveItAway Holdings (OTCPK:DWAY) 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.

DriveItAway Holdings Cash-to-Debt Related Terms

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

DriveItAway Holdings (DriveItAway Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » DriveItAway Holdings Inc (OTCPK:DWAY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3201 Market Street, Suite 200/201, Philadelphia, PA, USA, 10104

Website

https://www.driveitaway.com

DriveItAway Holdings Inc provides dealer focused mobility platform that enables car dealers to sell more vehicles in a seamless way through eCommerce, with its Pay as You Go app-based subscription program. DIA provides a comprehensive turn-key, solutions-driven program with proprietary mobile technology and driver app, insurance coverages, and training to get dealerships up and running quickly and profitably in emerging online sales opportunities.

Executives

Paul Patrizio	director, 10 percent owner	90 WASHINGTON VALLEY ROAD, BEDMINSTER NJ 07921
John Francis Possumato	director, 10 percent owner, officer: Chief Executive Officer	116 THIRD AVENUE, HADDON HEIGHTS NJ 08035
Adam Joseph Potash	director, 10 percent owner, officer: Chief Operating Officer	259-10, HILLSIDE AVENUE, APT. 6H, FLORAL PARK NY 11004
Aep Holdings Llc	10 percent owner	1 WHITE BUCK RUN, WARREN NJ 07059
Minds' Eye Innovations, Inc.	10 percent owner	259-10 HILLSIDE AVENUE, APT. 6H, FLORAL PARK NY 11004
Driveltaway Llc	10 percent owner	116 THIRD AVENUE, HADDON HEIGHTS NJ 08035
Zell Richard Gery Ii	director	8 GEARYS RIDGE RD, RINGOES NJ 08551
Christopher Rego	director	212 BELLEROSE DR., SAN JOSE CA 95128
Franventures, Llc	10 percent owner	796 CYPRESS CROSSING TRAIL, ST. AUGUSTINE FL 32095
Blake Furlow	director, 10 percent owner	2110 N WESTGATE, BOISE ID 83704
Bart Jay Mitchell	director	7853 N HILLIARD CT, COEUR D' ALENE ID 83815
Gary L Herman	director	720 FIFTH AVE, 10TH FLOOR, NEW YORK NY 10019
Karla Kretsch	officer: Chief Operating Officer	701 MARKET STREET, SUITE 113, ST. AUGUSTINE FL 32095
Christian Miller	officer: Chief Financial Officer	701 MARKET STREET, SUITE 113, ST. AUGUSTINE FL 32095
Joyann Kenny-charlton	director	194 TWINING BRIDGE ROAD, NEWTOWN PA 18940

DriveItAway Holdings (DriveItAway Holdings) Headlines

From GuruFocus

DriveItAway Micro-Lease App and Platform Now Available for Car Dealers with Credit Line Options Provided by Westlake Fleet

By Marketwired • 04-24-2024