T42 IoT Tracking Solutions (AQSE:TRAC) Cash-to-Debt : 0.03 (As of Jun. 2024)

View and export this data going back to . Start your Free Trial

What is T42 IoT Tracking Solutions 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. T42 IoT Tracking Solutions's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.03.

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, T42 IoT Tracking Solutions 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 T42 IoT Tracking Solutions's Cash-to-Debt or its related term are showing as below:

AQSE:TRAC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.15 Max: 0.69
Current: 0.03

During the past 13 years, T42 IoT Tracking Solutions's highest Cash to Debt Ratio was 0.69. The lowest was 0.03. And the median was 0.15.

AQSE:TRAC's Cash-to-Debt is ranked worse than
98.37% of 2459 companies
in the Hardware industry
Industry Median: 1.29 vs AQSE:TRAC: 0.03

T42 IoT Tracking Solutions Cash-to-Debt Historical Data

The historical data trend for T42 IoT Tracking Solutions'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.

* Premium members only.

T42 IoT Tracking Solutions Cash-to-Debt Chart

T42 IoT Tracking Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.35

0.15

0.49

0.05

T42 IoT Tracking Solutions 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															0.14	0.05	0.10	0.05	0.03

Competitive Comparison of T42 IoT Tracking Solutions's Cash-to-Debt

For the Scientific & Technical Instruments subindustry, T42 IoT Tracking Solutions'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.

T42 IoT Tracking Solutions's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, T42 IoT Tracking Solutions's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where T42 IoT Tracking Solutions's Cash-to-Debt falls into.

T42 IoT Tracking Solutions 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.

T42 IoT Tracking Solutions's Cash to Debt Ratio for the fiscal year 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)
	=	0.147	/	(1.626	+	1.462)
	=	0.05

T42 IoT Tracking Solutions'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)
	=	0.112	/	(3.101	+	0.661)
	=	0.03

T42 IoT Tracking Solutions (AQSE:TRAC) 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.

T42 IoT Tracking Solutions Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of T42 IoT Tracking Solutions's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

T42 IoT Tracking Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » T42 IoT Tracking Solutions PLC (AQSE:TRAC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TRAC:UK

Address

IFC5, Saint Helier, JEY, JE1 1ST

Website

https://www.starcomplc.com

T42 IoT Tracking Solutions PLC group specializes in automated real-time systems for remote tracking and management of vehicles, containers, assets, and people. It offers real-time tracking systems for fleet management and security applications of the vehicle and driver, container monitoring, merchandise tracking, and management, and a personal locator for the protection of individuals. Its products include Watchlock, Software as a Service, Tetis, Kylos, and others. The firm has Hardware and SAS segments.