Connexa Sports Technologies (Connexa Sports Technologies) Cash-to-Debt : 3.00 (As of Jan. 2024)

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What is Connexa Sports Technologies 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. Connexa Sports Technologies's cash to debt ratio for the quarter that ended in Jan. 2024 was 3.00.

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, Connexa Sports Technologies could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

YYAI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.2 Max: 22
Current: 3

During the past 8 years, Connexa Sports Technologies's highest Cash to Debt Ratio was 22.00. The lowest was 0.01. And the median was 0.20.

YYAI's Cash-to-Debt is ranked better than
73.39% of 823 companies
in the Travel & Leisure industry
Industry Median: 0.58 vs YYAI: 3.00

Connexa Sports Technologies Cash-to-Debt Historical Data

The historical data trend for Connexa Sports Technologies'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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Connexa Sports Technologies Cash-to-Debt Chart

Connexa Sports Technologies Annual Data

Trend

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Cash-to-Debt

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0.20

0.02

0.15

0.04

0.06

Connexa Sports Technologies Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															0.14	0.06	0.11	0.06	3.00

Competitive Comparison of Connexa Sports Technologies's Cash-to-Debt

For the Leisure subindustry, Connexa Sports Technologies'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.

Connexa Sports Technologies's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Connexa Sports Technologies's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Connexa Sports Technologies's Cash-to-Debt falls into.

Connexa Sports Technologies 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.

Connexa Sports Technologies's Cash to Debt Ratio for the fiscal year that ended in Apr. 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)
	=	0.202	/	(1.485	+	1.954)
	=	0.06

Connexa Sports Technologies's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	17.193	/	(4.478	+	1.245)
	=	3.00

Connexa Sports Technologies (NAS:YYAI) 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.

Connexa Sports Technologies Cash-to-Debt Related Terms

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Connexa Sports Technologies (Connexa Sports Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Connexa Sports Technologies Inc (NAS:YYAI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2709 North Rolling Road, Suite 138, Windsor Mill, Baltimore, MD, USA, 21244

Website

https://www.connexasports.com

Connexa Sports Technologies Inc is a connected sports company delivering products, technologies and services across the Watch, Play, Learn commercial and subscription-as-a-service activities in sports. Digital disruption is restructuring how sports are enjoyed, consumed and monetized. Its portfolio of brands includes Slinger and GAMEFACE.AI.

Executives

Bitnile Holdings, Inc.	10 percent owner	11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Mark Frederick Radom	officer: GENERAL COUNSEL	2709 NORTH ROLLING ROAD, SUITE 138, WINDSOR MILL, BALTIMORE MD 21244
Mike Ballardie	director, officer: CEO and Director	2709 NORTH ROLLING ROAD,, SUITE 138, WINDSOR MILL,, BALTIMORE MD 21244
Jason Paul Seifert	officer: CHIEF FINANCIAL OFFICER	2420 BRIXHAM AVENUE, ORLANDO FL 32828
Yonah Kalfa	10 percent owner	9 RABAN GAMLIEL, RAANANA L3 434024