QinetiQ Group (QinetiQ Group) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is QinetiQ 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. QinetiQ Group's cash to debt ratio for the quarter that ended in Sep. 2023 was No Debt ⁽¹⁾.

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

(1) 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.

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

QNTQY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.3 Med: No Debt Max: No Debt
Current: 0.3

During the past 13 years, QinetiQ Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.30. And the median was No Debt.

QNTQY's Cash-to-Debt is ranked worse than
66.02% of 309 companies
in the Aerospace & Defense industry
Industry Median: 0.78 vs QNTQY: 0.30

QinetiQ Group Cash-to-Debt Historical Data

The historical data trend for QinetiQ 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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QinetiQ Group Cash-to-Debt Chart

QinetiQ Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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6.21

No Debt

6.92

11.23

0.41

QinetiQ Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	11.23	9.41	0.41	No Debt

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

For the Aerospace & Defense subindustry, QinetiQ 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.

QinetiQ Group's Cash-to-Debt Distribution in the Aerospace & Defense Industry

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

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

QinetiQ 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.

QinetiQ Group's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	183.495	/	(9.223	+	438.471)
	=	0.41

QinetiQ Group's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

QinetiQ Group had no debt ⁽¹⁾.

QinetiQ Group (OTCPK:QNTQY) 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.

QinetiQ Group Cash-to-Debt Related Terms

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QinetiQ Group (QinetiQ Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » QinetiQ Group PLC (OTCPK:QNTQY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

QNTQF:USA QQl:UK QQ.:UK QY6:Germany

Address

Ively Road, Cody Technology Park, Farnborough, Hampshire, GBR, GU14 0LX

Website

https://www.qinetiq.com

QinetiQ Group PLC is a company operating in the global aerospace, defense, and security sectors. The services and products offered are air (air engineering services, air traffic management, safety, and environmental management); C4ISR (communication, reconnaissance, intelligence and surveillance, space security, fast jet sensor fusion training, sensors, cyber and data science among many others); Cyber (accreditation support, security health check, data classification, insider threat management among others); Maritime ( Maritime Autonomy Centre, Naval Mission Systems, Maritime Stealth among many others).