Foresight Autonomous Holdings (FRA:LY6) Cash-to-Debt : 9.88 (As of Dec. 2023)

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What is Foresight Autonomous 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. Foresight Autonomous Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 9.88.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Foresight Autonomous Holdings could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

FRA:LY6' s Cash-to-Debt Range Over the Past 10 Years
Min: 7.11 Med: 25.53 Max: No Debt
Current: 9.88

During the past 10 years, Foresight Autonomous Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 7.11. And the median was 25.53.

FRA:LY6's Cash-to-Debt is ranked better than
86.16% of 1243 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs FRA:LY6: 9.88

Foresight Autonomous Holdings Cash-to-Debt Historical Data

The historical data trend for Foresight Autonomous 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.

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Foresight Autonomous Holdings Cash-to-Debt Chart

Foresight Autonomous Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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7.11

34.37

16.70

13.18

9.88

Foresight Autonomous Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															13.18	11.04	9.69	8.51	9.88

Competitive Comparison of Foresight Autonomous Holdings's Cash-to-Debt

For the Auto Parts subindustry, Foresight Autonomous 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.

Foresight Autonomous Holdings's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Foresight Autonomous Holdings's Cash-to-Debt distribution charts can be found below:

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

Foresight Autonomous 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.

Foresight Autonomous Holdings'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)
	=	14.772	/	(0.429	+	1.066)
	=	9.88

Foresight Autonomous Holdings'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)
	=	14.772	/	(0.429	+	1.066)
	=	9.88

Foresight Autonomous Holdings (FRA:LY6) 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.

Foresight Autonomous Holdings Cash-to-Debt Related Terms

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Foresight Autonomous Holdings (FRA:LY6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Foresight Autonomous Holdings Ltd (FRA:LY6) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FRSX:USA FRSX:Israel

Address

7 Golda Meir Street, Weizmann Science Park, Ness Ziona, ISR, 7403650

Website

https://www.foresightauto.com

Foresight Autonomous Holdings Ltd is a technology company engaged in the design, development and commercialization of vision systems for the automotive industry. The company develops both in-line-of-sight vision systems and beyond-line-of-sight cellular-based applications through its wholly-owned subsidiaries. Its systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. Foresight is pursuing several markets and believes its advanced systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform.

Foresight Autonomous Holdings (FRA:LY6) Headlines

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