Aquirian (ASX:AQN) Cash-to-Debt : 0.59 (As of Dec. 2023)

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What is Aquirian 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. Aquirian's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.59.

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, Aquirian couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:AQN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.36 Med: 0.92 Max: 2.33
Current: 0.59

During the past 2 years, Aquirian's highest Cash to Debt Ratio was 2.33. The lowest was 0.36. And the median was 0.92.

ASX:AQN's Cash-to-Debt is ranked worse than
58.09% of 1069 companies
in the Business Services industry
Industry Median: 0.99 vs ASX:AQN: 0.59

Aquirian Cash-to-Debt Historical Data

The historical data trend for Aquirian'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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Aquirian Cash-to-Debt Chart

Aquirian Annual Data

Trend

Jun22

Jun23

Cash-to-Debt

1.13

0.36

Aquirian Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			2.30	1.13	0.71	0.36	0.59

Competitive Comparison of Aquirian's Cash-to-Debt

For the Rental & Leasing Services subindustry, Aquirian'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.

Aquirian's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Aquirian's Cash-to-Debt distribution charts can be found below:

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

Aquirian 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.

Aquirian'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)
	=	3.322	/	(2.618	+	6.682)
	=	0.36

Aquirian'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)
	=	4.458	/	(2.219	+	5.38)
	=	0.59

Aquirian (ASX:AQN) 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.

Aquirian Cash-to-Debt Related Terms

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Aquirian (ASX:AQN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Aquirian Ltd (ASX:AQN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

190 St. Georges Terrace, Level 3, Perth, WA, AUS, 6000

Website

https://www.aquirian.com

Aquirian Ltd is a provider of integrated solutions to the resource market. It is engaged in the provision of equipment, workforce, and training solutions to the mining and resources industry. The company has segments which are Mining Services, People Services, and Corporate/ Unallocated segments and the company generates the majority of its revenue from mining services.