Audioboom Group (LSE:BOOM) Cash-to-Debt : 24.11 (As of Jun. 2023)

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What is Audioboom Group 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. Audioboom Group's cash to debt ratio for the quarter that ended in Jun. 2023 was 24.11.

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, Audioboom Group could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

LSE:BOOM' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.46 Med: 22.53 Max: No Debt
Current: 3.36

During the past 13 years, Audioboom Group's highest Cash to Debt Ratio was No Debt. The lowest was 1.46. And the median was 22.53.

LSE:BOOM's Cash-to-Debt is ranked worse than
55.63% of 586 companies
in the Interactive Media industry
Industry Median: 4.905 vs LSE:BOOM: 3.36

Audioboom Group Cash-to-Debt Historical Data

The historical data trend for Audioboom Group'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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Audioboom Group Cash-to-Debt Chart

Audioboom Group Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.46

3.67

2.97

22.53

3.36

Audioboom Group Semi-Annual Data
	Mar12	May13	Nov13	May15	Nov15	May16	Nov16	May17	Nov17	May18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															2.97	5.81	22.53	24.11	3.36

Competitive Comparison of Audioboom Group's Cash-to-Debt

For the Internet Content & Information subindustry, Audioboom Group'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.

Audioboom Group's Cash-to-Debt Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Audioboom Group's Cash-to-Debt distribution charts can be found below:

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

Audioboom Group 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.

Audioboom Group'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)
	=	2.944	/	(0.054	+	0.823)
	=	3.36

Audioboom Group's Cash to Debt Ratio for the quarter 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)
	=	4.195	/	(0.174	+	0)
	=	24.11

Audioboom Group (LSE:BOOM) 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.

Audioboom Group Cash-to-Debt Related Terms

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Audioboom Group (LSE:BOOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Audioboom Group PLC (LSE:BOOM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

IFC5, Saint Helier, JEY, JE1 1ST

Website

https://www.audioboomplc.com

Audioboom Group PLC is a podcast company that operates spoken-word audio platforms and a digital online marketplace for hosting, distributing, and monetizing content. It works with broadcasters, content creators, and podcasters around the world. The company has operational footprints across the United Kingdom, the Rest of the World, and the USA. The company's hosting and distribution platform allows partners to embed, share via social channels, and re-syndicate their content.