Altitude International Holdings (Altitude International Holdings) Cash-to-Debt : 0.02 (As of Dec. 2022)

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What is Altitude International Holdings 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. Altitude International Holdings's cash to debt ratio for the quarter that ended in Dec. 2022 was 0.02.

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, Altitude International Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

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

ALTD's Cash-to-Debt is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 0.56
* Ranked among companies with meaningful Cash-to-Debt only.

Altitude International Holdings Cash-to-Debt Historical Data

The historical data trend for Altitude International 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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Altitude International Holdings Cash-to-Debt Chart

Altitude International Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

0.10

0.32

0.02

Altitude International Holdings Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Cash-to-Debt	Get a 7-Day Free Trial					0.32	0.48	0.43	0.03	0.02

Competitive Comparison of Altitude International Holdings's Cash-to-Debt

For the Leisure subindustry, Altitude International 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.

Altitude International Holdings's Cash-to-Debt Distribution in the Travel & Leisure Industry

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

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

Altitude International 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.

Altitude International Holdings's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	1.596	/	(7.861	+	62.758)
	=	0.02

Altitude International Holdings's Cash to Debt Ratio for the quarter that ended in Dec. 2022 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)
	=	1.596	/	(7.861	+	62.758)
	=	0.02

Altitude International Holdings (OTCPK:ALTD) 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.

Altitude International Holdings Cash-to-Debt Related Terms

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Altitude International Holdings (Altitude International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Altitude International Holdings Inc (OTCPK:ALTD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4500 SE Pine Valley Street, Port Saint Lucie, FL, USA, 34952

Website

https://www.altdintl.com

Altitude International Holdings Inc is a holding company focused on a people-first, global wellness group through its operating subsidiaries which are comprised of multiple scalable related revenue streams that together create a vertically integrated high-performance sports, education, and technology group. It has three revenue streams: Sport Tuition Properties, Academic Tuition Properties, and Sport Technology Properties.

Executives

Keith Lee	10 percent owner	399 PARK AVENUE, 39TH FLOOR, NEW YORK NY 10022
Gt Investment Partners, Lp	10 percent owner	18952 MACARTHUR BLVD, SUITE 100, IRVINE CA 92612
Scott Del Mastro	director, 10 percent owner	4500 SE PINE VALLEY STREET, PORT ST., LUCIE FL 34952
Gregory C. Breunich	director, 10 percent owner, officer: CEO, Chairman, and Acting CFO	4500 SE PINE VALLY STREET, PORT ST. LUCIE FL 34952
David P Vincent	director, 10 percent owner	ASHWOOD PINES, CHURCH END, SHERFIELD ON LODDON, HANTS X0 RG27 0JB
Gregory C. Anthony	director, 10 percent owner, officer: CCO and President	4500 SE PINE VALLEY STREET, PORT SAINT LUCIE FL 34952
Lesley Visser	director	535 E. LAS OLAS BOULEVARD, SUITE 120, FORT LAUDERDALE FL 33301
Joseph B. Frost	officer: C.O.O.	4210 S. OCEAN BLVD., APT. 2, HIGHLAND BEACH FL 33487
Greg Peter Whyte	director	4500 SE PINE VALLEY STREET, PORT SAINT LUCIE FL 34952
Robert Kanuth	director, 10 percent owner, officer: CEO	535 E. LAS OLAS BOULEVARD, SUITE 120, FORT LAUDERDALE FL 33301
Amy Karen Freedman	10 percent owner	308 KENMORE AVE., EDGEWATER MD 21037

Altitude International Holdings (Altitude International Holdings) Headlines

From GuruFocus

Altitude International Holdings Provides Third Quarter 2022 Corporate Update; YTD Revenues Increase 40% to $7.7 Million

By ACCESSWIRE ACCESSWIRE • 11-03-2022