Ava Risk Group (ASX:AVA) Cash-to-Debt : 1.68 (As of Jun. 2024)

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What is Ava Risk Group 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. Ava Risk Group's cash to debt ratio for the quarter that ended in Jun. 2024 was 1.68.

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, Ava Risk Group could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

ASX:AVA' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.68 Med: 258.31 Max: No Debt
Current: 1.68

During the past 10 years, Ava Risk Group's highest Cash to Debt Ratio was No Debt. The lowest was 1.68. And the median was 258.31.

ASX:AVA's Cash-to-Debt is ranked better than
57.41% of 1066 companies
in the Business Services industry
Industry Median: 1 vs ASX:AVA: 1.68

Ava Risk Group Cash-to-Debt Historical Data

The historical data trend for Ava Risk Group'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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Ava Risk Group Cash-to-Debt Chart

Ava Risk Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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10.80

40.22

53.61

1.95

1.68

Ava Risk Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial														53.61	2.28	1.95	0.57	1.68

Competitive Comparison of Ava Risk Group's Cash-to-Debt

For the Security & Protection Services subindustry, Ava Risk Group'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.

Ava Risk Group's Cash-to-Debt Distribution in the Business Services Industry

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

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

Ava Risk Group 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.

Ava Risk Group'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)
	=	5.084	/	(2.278	+	0.743)
	=	1.68

Ava Risk Group'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)
	=	5.084	/	(2.278	+	0.743)
	=	1.68

Ava Risk Group (ASX:AVA) 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.

Ava Risk Group Cash-to-Debt Related Terms

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Ava Risk Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ava Risk Group Ltd (ASX:AVA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Hartnett Close, Mulgrave, VIC, AUS, 3170

Website

https://www.theavagroup.com

Ava Risk Group Ltd is engaged in risk management services and technologies. The Group operates in Detect, Access, and Illuminate, which are its reportable segments. The group provides a range of complementary solutions such as intrusion detection and location for perimeters, pipelines and data networks, biometric and card access control as well to provide secure international logistics of high-risk valuables, precious metals & currency. Its geographical areas include Australia, Asia Pacific, India, Middle East & North Africa, Europe, the United States, and the Rest of the world.