ALFABS AUSTRALIA (ASX:AAL) Cash-to-Debt : 0.92 (As of Jun. 2024)

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What is ALFABS AUSTRALIA 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. ALFABS AUSTRALIA's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.92.

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

ASX:AAL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.92 Med: 0.92 Max: 0.92
Current: 0.92

During the past 3 years, ALFABS AUSTRALIA's highest Cash to Debt Ratio was 0.92. The lowest was 0.92. And the median was 0.92.

ASX:AAL's Cash-to-Debt is ranked better than
66.06% of 548 companies
in the Conglomerates industry
Industry Median: 0.46 vs ASX:AAL: 0.92

ALFABS AUSTRALIA Cash-to-Debt Historical Data

The historical data trend for ALFABS AUSTRALIA'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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ALFABS AUSTRALIA Cash-to-Debt Chart

ALFABS AUSTRALIA Annual Data

Trend

Jun22

Jun23

Jun24

Cash-to-Debt

N/A

0.92

ALFABS AUSTRALIA Semi-Annual Data
	Jun22	Jun23	Dec23	Jun24
Cash-to-Debt	N/A	N/A	1.14	0.92

Competitive Comparison of ALFABS AUSTRALIA's Cash-to-Debt

For the Conglomerates subindustry, ALFABS AUSTRALIA'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.

ALFABS AUSTRALIA's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, ALFABS AUSTRALIA's Cash-to-Debt distribution charts can be found below:

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

ALFABS AUSTRALIA 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.

ALFABS AUSTRALIA'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)
	=	23.596	/	(17.34	+	8.197)
	=	0.92

ALFABS AUSTRALIA'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)
	=	23.596	/	(17.34	+	8.197)
	=	0.92

ALFABS AUSTRALIA (ASX:AAL) 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.

ALFABS AUSTRALIA Cash-to-Debt Related Terms

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ALFABS AUSTRALIA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » ALFABS AUSTRALIA Ltd (ASX:AAL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

152 Mitchell Avenue, Kurri Kurri, Cessnock, NSW, AUS, 2327

Website

https://www.alfabs.com.au

ALFABS AUSTRALIA Ltd is a company that provides a design-to-delivery solution for its clients across heavy steel fabrication, construction and maintenance services, mining equipment, protective coatings, and transport. Its reportable segments are Mining, Engineering, and Other. The Mining segment which derives maximum revenue for the company is engaged in the manufacture, repair, overhaul servicing, and hire of underground mining and ancillary equipment together with sales of mining-related consumables and spare parts. The Engineering segment is involved in heavy steel fabrication, site installation works, and site-based maintenance; and the Other segment represents head office and ancillary businesses including protective coatings and transport.