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Arax Holdings (Arax Holdings) Cash-to-Debt : No Debt (1) (As of Jan. 2024)


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What is Arax 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. Arax Holdings's cash to debt ratio for the quarter that ended in Jan. 2024 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, Arax Holdings could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

ARAT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01   Med: No Debt   Max: No Debt
Current: 0.01

During the past 9 years, Arax Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was No Debt.

ARAT's Cash-to-Debt is ranked worse than
98.67% of 2777 companies
in the Software industry
Industry Median: 2.57 vs ARAT: 0.01

Arax Holdings Cash-to-Debt Historical Data

The historical data trend for Arax 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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Arax Holdings Cash-to-Debt Chart

Arax Holdings Annual Data
Trend Oct12 Oct13 Oct14 Oct15 Oct16 Oct20 Oct21 Oct22 Oct23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only - N/A N/A N/A No Debt

Arax Holdings Quarterly Data
Apr16 Jul16 Oct16 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 35.74 N/A No Debt No Debt

Competitive Comparison of Arax Holdings's Cash-to-Debt

For the Software - Infrastructure subindustry, Arax 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.


Arax Holdings's Cash-to-Debt Distribution in the Software Industry

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

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



Arax 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.

Arax Holdings's Cash to Debt Ratio for the fiscal year that ended in Oct. 2023 is calculated as:

Arax Holdings had no debt (1).

Arax Holdings's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Arax Holdings had no debt (1).

* 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.


Arax Holdings  (OTCPK:ARAT) 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.


Arax Holdings Cash-to-Debt Related Terms

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Arax Holdings (Arax Holdings) Business Description

Traded in Other Exchanges
N/A
Address
30 North Gould Street, Sheridan, WY, USA, 82801
Arax Holdings Corp invests in TechFin and blockchain-based software solutions companies. The primary focus of Arax is to fuse decentralized solutions with financial service providers within multiple markets and communication networks to bring blockchain to everyday life.

Arax Holdings (Arax Holdings) Headlines

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