Astrotech (Astrotech) Cash-to-Debt

: 80.87 (As of Dec. 2023)

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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. Astrotech's cash to debt ratio for the quarter that ended in Dec. 2023 was 80.87.

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

ASTC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: No Debt Max: No Debt
Current: 80.87

During the past 13 years, Astrotech's highest Cash to Debt Ratio was No Debt. The lowest was 0.15. And the median was No Debt.

ASTC's Cash-to-Debt is ranked better than
87.74% of 310 companies
in the Aerospace & Defense industry
Industry Median: 0.795 vs ASTC: 80.87

Astrotech Cash-to-Debt Historical Data

The historical data trend for Astrotech'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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Astrotech Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

No Debt

0.84

22.64

50.75

69.40

Astrotech 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																72.40	76.65	69.40	72.14	80.87

Competitive Comparison

For the Aerospace & Defense subindustry, Astrotech'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.

Astrotech Cash-to-Debt Distribution

For the Aerospace & Defense industry and Industrials sector, Astrotech's Cash-to-Debt distribution charts can be found below:

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

Astrotech 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.

Astrotech'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)
	=	42.127	/	(0.316	+	0.291)
	=	69.40

Astrotech'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)
	=	37.279	/	(0.309	+	0.152)
	=	80.87

Astrotech (NAS:ASTC) 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.

Astrotech Cash-to-Debt Related Terms

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Astrotech (Astrotech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Astrotech Corp (NAS:ASTC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SP5:Germany

Address

2105 Donley Drive, Suite 100, Austin, TX, USA, 78758

Website

https://www.astrotechcorp.com

Astrotech Corp is a science and technology development company. The firm invents, acquires, and commercializes technological innovations sourced from internal research, universities, laboratories, and research institutions. The 1st Detect develops, manufactures, and sells chemical analyzers for use in the airport security, military, breath analysis markets. AgLAB develops a series of mass spectrometers for use in the agriculture market.

Executives

Robert N Mcfarland	director	C/O EZENIA, INC., 14 CELINA AVE, SUITE 17-18, NASHUA NH 03063
Russler Daniel T Jr	director	2105 DONLEY DRIVE, SUITE 100, AUSTIN TX 78758
James Frank Becker	director	283 HEMLOCK LANE, WEST CHICAGO IL 60185
Jaime Hinojosa	officer: CFO	2028 E BEN WHITE BLVD STE 240-9530, AUSTIN TX 78741
Braden Michael Leonard	10 percent owner	156 S. FIRST STREET, ZIONSVILLE IN 46077
Thomas Wiley Wilkinson	director	3 COLERIDGE LANE, AUSTIN TX 78746
Winn Interests, Ltd.	10 percent owner	800 N. SHORELINE, 1900 N. TOWER, CORPUS CHRISTI TX 78401
Mark Adams	director	12130 HIGHWAY 3, BUILDING 1, WEBSTER TX 77598
William F Readdy	director	12130 HIGHWAY 3, BUILDING 1, WEBSTER TX 77598
Ronald W Cantwell	director	250 PARK AVE, SUITE 2020, NEW YORK NY 10017
Michael R. Humphrey	director	401 CONGRESS AVE., SUITE 1650, AUSTIN TX 78701
Eric Stober	officer: Chief Financial Officer	201 W. 5TH STREET, SUITE 1275, AUSTIN TX 78701
Pickens Thomas Boone Iii	director, 10 percent owner, officer: Chief Executive Officer	12130 HIGHWAY 3, BLDG. 1, WEBSTER TX 77598
Sha-chelle Manning	director	907 GEMINI STREET, HOUSTON TX 77058
Rajesh K Mellacheruvu	officer: Chief Operating Officer	401 CONGRESS AVE, SUITE 1650, AUSTIN TX 78701