Guardforce AI Co (Guardforce AI Co) Cash-to-Debt : 3.05 (As of Dec. 2023)

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What is Guardforce AI Co 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. Guardforce AI Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.05.

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, Guardforce AI Co 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 Guardforce AI Co's Cash-to-Debt or its related term are showing as below:

GFAI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.22 Med: 0.31 Max: 3.05
Current: 3.05

During the past 5 years, Guardforce AI Co's highest Cash to Debt Ratio was 3.05. The lowest was 0.22. And the median was 0.31.

GFAI's Cash-to-Debt is ranked better than
66.32% of 1060 companies
in the Business Services industry
Industry Median: 1.01 vs GFAI: 3.05

Guardforce AI Co Cash-to-Debt Historical Data

The historical data trend for Guardforce AI Co'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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Guardforce AI Co Cash-to-Debt Chart

Guardforce AI Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.22

0.31

0.49

0.25

3.05

Guardforce AI Co Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial				0.49	0.34	0.25	1.00	3.05

Competitive Comparison of Guardforce AI Co's Cash-to-Debt

For the Security & Protection Services subindustry, Guardforce AI Co'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.

Guardforce AI Co's Cash-to-Debt Distribution in the Business Services Industry

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

* The bar in red indicates where Guardforce AI Co's Cash-to-Debt falls into.

Guardforce AI Co 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.

Guardforce AI Co'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)
	=	20.235	/	(4.92	+	1.719)
	=	3.05

Guardforce AI Co'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)
	=	20.235	/	(4.92	+	1.719)
	=	3.05

Guardforce AI Co (NAS:GFAI) 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.

Guardforce AI Co Cash-to-Debt Related Terms

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Guardforce AI Co (Guardforce AI Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Guardforce AI Co Ltd (NAS:GFAI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Anson Road, No. 28-01, International Plaza, Singapore, SGP, 079903

Website

https://www.guardforceai.com

Guardforce AI Co Ltd is a provider of cash solutions and cash handling services located in Thailand. The company engages in the cash logistics business, and its services include cash-in-transit, or CIT, dedicated vehicles to banks, ATM management, cash center operations, cash processing, coin processing, cheque center, and cash deposit machine solutions (cash deposit management and express cash service). Its customers include local commercial banks, chain retailers, coin-manufacturing mints, and government authorities.