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Australian Bond Exchange Holdings (ASX:ABE) Cash-to-Debt : 1.34 (As of Dec. 2023)


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What is Australian Bond Exchange 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. Australian Bond Exchange Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.34.

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, Australian Bond Exchange Holdings 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 Australian Bond Exchange Holdings's Cash-to-Debt or its related term are showing as below:

ASX:ABE' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.34   Med: 3.11   Max: No Debt
Current: 1.34

During the past 3 years, Australian Bond Exchange Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 1.34. And the median was 3.11.

ASX:ABE's Cash-to-Debt is ranked worse than
58.24% of 795 companies
in the Capital Markets industry
Industry Median: 1.89 vs ASX:ABE: 1.34

Australian Bond Exchange Holdings Cash-to-Debt Historical Data

The historical data trend for Australian Bond Exchange 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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Australian Bond Exchange Holdings Cash-to-Debt Chart

Australian Bond Exchange Holdings Annual Data
Trend Jun21 Jun22 Jun23
Cash-to-Debt
No Debt No Debt 2.83

Australian Bond Exchange Holdings Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Cash-to-Debt No Debt No Debt 3.11 2.83 1.34

Competitive Comparison of Australian Bond Exchange Holdings's Cash-to-Debt

For the Capital Markets subindustry, Australian Bond Exchange 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.

Australian Bond Exchange Holdings's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Australian Bond Exchange Holdings's Cash-to-Debt distribution charts can be found below:

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


Australian Bond Exchange Holdings Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Australian Bond Exchange Holdings's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Cash to Debt Ratio= Balance Sheet Cash And Cash Equivalents / Total Debt
= Balance Sheet Cash And Cash Equivalents / (Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation)
=5.863 / (0.346 + 1.723)
=2.83

Australian Bond Exchange Holdings's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio= Balance Sheet Cash And Cash Equivalents / Total Debt
= Balance Sheet Cash And Cash Equivalents / (Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation)
=2.545 / (0.384 + 1.511)
=1.34

* 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.

Australian Bond Exchange Holdings  (ASX:ABE) 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.

Australian Bond Exchange Holdings Cash-to-Debt Related Terms

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Australian Bond Exchange Holdings (ASX:ABE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Australian Bond Exchange Holdings Ltd (ASX:ABE) » Definitions » Cash-to-Debt
Comparable Companies
ASX:FFG ASX:EQS ASX:FNX ASX:BIR ASX:ASW ASX:AFA ASX:SWF ASX:RZI MS GS SCHW SHSE:600030 ASX:MQG BSP:BPAC3 SHSE:601066 RJF TW SHSE:601688 HKSE:03908 SHSE:601211
Traded in Other Exchanges
N/A
Address
15 Castlereagh St, Level 19, Sydney, NSW, AUS, 2000
Website
https://www.bondexchange.com.au
Australian Bond Exchange Holdings Ltd is engaged in provision of financial advice and dealing services in the OTC bond market to funds, ADIs and individuals and advisory services to Australian companies. The company generates revenue from Securities trading; Brokerage on transactions as part of financial advice and dealing services division; and Origination and arranging fees.