AELTF (Adacel Technologies) Cash-to-Debt : 0.14 (As of Jun. 2024)

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What is Adacel 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. Adacel Technologies's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.14.

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, Adacel Technologies couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

AELTF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 5000.78 Max: No Debt
Current: 0.14

During the past 13 years, Adacel Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 0.14. And the median was 5000.78.

AELTF's Cash-to-Debt is ranked worse than
88.85% of 2788 companies
in the Software industry
Industry Median: 2.4 vs AELTF: 0.14

Adacel Technologies Cash-to-Debt Historical Data

The historical data trend for Adacel 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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Adacel Technologies Cash-to-Debt Chart

Adacel Technologies Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

Get a 7-Day Free Trial

0.68

1.55

0.49

0.25

0.14

Adacel Technologies Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.49	0.01	0.25	0.07	0.14

Competitive Comparison of Adacel Technologies's Cash-to-Debt

For the Software - Application subindustry, Adacel 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.

Adacel Technologies's Cash-to-Debt Distribution in the Software Industry

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

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

Adacel 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.

Adacel Technologies's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	1.548	/	(6.629	+	4.181)
	=	0.14

Adacel Technologies's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	1.548	/	(6.629	+	4.181)
	=	0.14

Adacel Technologies (OTCPK:AELTF) 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.

Adacel Technologies Cash-to-Debt Related Terms

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Adacel Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Adacel Technologies Ltd (OTCPK:AELTF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 4, 150 Albert Road, Suite 31, South Melbourne, Melbourne, VIC, AUS, 3205

Website

https://www.adacel.com

Adacel Technologies Ltd develops and sells simulation and control systems. The company's operating segment includes Systems and Services. It generates maximum revenue from the Services segment. The Services segment includes software maintenance and all aspects of system support, field services, and on-site technical services. Its Systems segment includes operational air traffic management as well as simulation and training applications. Geographically, it derives a majority of its revenue from Canada and also has a presence in the USA Estonia and Australia.