A2B Australia (A2B Australia) Cash-to-Debt : 3.62 (As of Dec. 2023)

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What is A2B Australia 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. A2B Australia's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.62.

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, A2B Australia 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 A2B Australia's Cash-to-Debt or its related term are showing as below:

CGAAY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.8 Max: 8.01
Current: 3.62

During the past 13 years, A2B Australia's highest Cash to Debt Ratio was 8.01. The lowest was 0.12. And the median was 0.80.

CGAAY's Cash-to-Debt is ranked better than
55.59% of 2792 companies
in the Software industry
Industry Median: 2.415 vs CGAAY: 3.62

A2B Australia Cash-to-Debt Historical Data

The historical data trend for A2B Australia'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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A2B Australia Cash-to-Debt Chart

A2B Australia Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

7.10

1.27

0.78

0.47

1.46

A2B Australia Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.81	0.47	0.54	1.46	3.62

Competitive Comparison of A2B Australia's Cash-to-Debt

For the Software - Infrastructure subindustry, A2B Australia'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.

A2B Australia's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, A2B Australia's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where A2B Australia's Cash-to-Debt falls into.

A2B Australia 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.

A2B Australia'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)
	=	19.826	/	(1.206	+	12.385)
	=	1.46

A2B Australia'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)
	=	64.128	/	(4.321	+	13.383)
	=	3.62

A2B Australia (OTCPK:CGAAY) 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.

A2B Australia Cash-to-Debt Related Terms

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A2B Australia (A2B Australia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » A2B Australia Ltd (OTCPK:CGAAY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

A2B:Australia

Address

9-13 O’Riordan Street, Alexandria, Sydney, NSW, AUS, 2015

Website

https://www.a2baustralia.com

A2B Australia Ltd provides payment and other services to taxi operators in Australia and also operates taxis itself. Its brands include 13cabs, Cabcharge, Silver Service, MTI, Spotto, EFT Solutions, and Giraffe payments. The company derives revenue from the Taxi service fee; Network subscription fees and others.

A2B Australia (A2B Australia) Headlines

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Full Year 2023 A2B Australia Ltd Earnings Call Transcript

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