Tabcorp Holdings (Tabcorp Holdings) Cash-to-Debt

: 0.58 (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. Tabcorp Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.58.

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

TACBY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.12 Max: 0.63
Current: 0.58

During the past 13 years, Tabcorp Holdings's highest Cash to Debt Ratio was 0.63. The lowest was 0.07. And the median was 0.12.

TACBY's Cash-to-Debt is ranked better than
50.12% of 818 companies
in the Travel & Leisure industry
Industry Median: 0.565 vs TACBY: 0.58

Tabcorp Holdings Cash-to-Debt Historical Data

The historical data trend for Tabcorp Holdings'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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Tabcorp Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

0.13

0.09

0.20

0.63

0.51

Tabcorp Holdings 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																0.26	0.63	0.36	0.51	0.58

Competitive Comparison

For the Gambling subindustry, Tabcorp Holdings'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.

Tabcorp Holdings Cash-to-Debt Distribution

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

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

Tabcorp Holdings 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.

Tabcorp Holdings'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)
	=	195.101	/	(24.966	+	359.195)
	=	0.51

Tabcorp Holdings'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)
	=	209.772	/	(22.088	+	341.165)
	=	0.58

Tabcorp Holdings (OTCPK:TACBY) 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.

Tabcorp Holdings Cash-to-Debt Related Terms

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Tabcorp Holdings (Tabcorp Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Tabcorp Holdings Ltd (OTCPK:TACBY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TABCF:USA THL:Germany TAH:Australia

Address

727 Collins Street, Level 19, Tower 2, Collins Square, Melbourne, VIC, AUS, 3008

Website

https://www.tabcorp.com.au

Tabcorp now operates through principally two segments: wagering and media and gaming services, with the lottery and keno businesses demerged on May 24, 2022. The firm conducts wagering activities under the TAB brand both online and physically in every Australian state and territory other than Western Australia, reaching 90% of the population through a network of retail venues. In addition, Tabcorp Gaming Solutions provides services to electronic gaming machine venues.