Tribe Technology (LSE:TRYB) Cash-to-Debt : 1.00 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Tribe Technology 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. Tribe Technology's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.00.

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

LSE:TRYB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.2 Max: 1
Current: 1

During the past 3 years, Tribe Technology's highest Cash to Debt Ratio was 1.00. The lowest was 0.09. And the median was 0.20.

LSE:TRYB's Cash-to-Debt is ranked better than
60.5% of 200 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.625 vs LSE:TRYB: 1.00

Tribe Technology Cash-to-Debt Historical Data

The historical data trend for Tribe Technology'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.

Tribe Technology Cash-to-Debt Chart

Tribe Technology Annual Data

Trend

Jun21

Jun22

Jun23

Cash-to-Debt

0.09

0.17

0.20

Tribe Technology Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			N/A	0.17	0.40	0.20	1.00

Competitive Comparison of Tribe Technology's Cash-to-Debt

For the Farm & Heavy Construction Machinery subindustry, Tribe Technology'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.

Tribe Technology's Cash-to-Debt Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Tribe Technology's Cash-to-Debt distribution charts can be found below:

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

Tribe Technology 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.

Tribe Technology's Cash to Debt Ratio for the fiscal year 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)
	=	0.207	/	(0.429	+	0.623)
	=	0.20

Tribe Technology'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)
	=	3.259	/	(0.289	+	2.986)
	=	1.00

Tribe Technology (LSE:TRYB) 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.

Tribe Technology Cash-to-Debt Related Terms

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

Tribe Technology (LSE:TRYB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tribe Technology PLC (LSE:TRYB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

7B Enterprise Way, Mallusk, Belfast, GBR, BT36 4EW

Website

https://www.tribetechgroup.com

Tribe Technology PLC is a company involved in developing and manufacturing of autonomous mining equipment. The Company's core activities are the development, in-house manufacturing, and sale of its autonomous reverse circulation (RC) drill rigs incorporating its core proprietary intellectual property, Tribe Technology Drilling System (TTDS).

Tribe Technology (LSE:TRYB) Headlines

No Headlines