Aussie Broadband (ASX:ABB) Cash-to-Debt : 1.33 (As of Dec. 2023)

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What is Aussie Broadband 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. Aussie Broadband's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.33.

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, Aussie Broadband could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:ABB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 3.71 Max: No Debt
Current: 1.33

During the past 4 years, Aussie Broadband's highest Cash to Debt Ratio was No Debt. The lowest was 0.23. And the median was 3.71.

ASX:ABB's Cash-to-Debt is ranked better than
70.45% of 379 companies
in the Telecommunication Services industry
Industry Median: 0.35 vs ASX:ABB: 1.33

Aussie Broadband Cash-to-Debt Historical Data

The historical data trend for Aussie Broadband'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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Aussie Broadband Cash-to-Debt Chart

Aussie Broadband Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

3.49

5.40

0.23

0.37

Aussie Broadband Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			5.76	0.23	No Debt	0.37	1.33

Competitive Comparison of Aussie Broadband's Cash-to-Debt

For the Telecom Services subindustry, Aussie Broadband'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.

Aussie Broadband's Cash-to-Debt Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Aussie Broadband's Cash-to-Debt distribution charts can be found below:

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

Aussie Broadband 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.

Aussie Broadband's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	76.168	/	(23.629	+	180.373)
	=	0.37

Aussie Broadband's Cash to Debt Ratio for the quarter 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)
	=	117.894	/	(11.666	+	77.291)
	=	1.33

Aussie Broadband (ASX:ABB) 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.

Aussie Broadband Cash-to-Debt Related Terms

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Aussie Broadband (ASX:ABB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Aussie Broadband Ltd (ASX:ABB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Electra Avenue, Morwell, VIC, AUS, 3840

Website

https://www.aussiebroadband.com.au

Aussie Broadband Ltd is a telecommunications company. It provides NBN subscription plans and bundles to residential homes, small businesses, not-for-profits, corporate/enterprise, and managed service providers. It is organized into four operating segments: Residential, Business, Wholesale, and Enterprise and Government. The Residential segment is the main revenue driver for the group. Residential segment provides telecommunications services to residential users. The company services all states and territories in Australia.

Aussie Broadband (ASX:ABB) Headlines

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