BlueBet Holdings (ASX:BBT) Cash-to-Debt : 42.22 (As of Jun. 2024)

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What is BlueBet 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. BlueBet Holdings's cash to debt ratio for the quarter that ended in Jun. 2024 was 42.22.

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

ASX:BBT' s Cash-to-Debt Range Over the Past 10 Years
Min: 22.47 Med: 36.84 Max: 42.22
Current: 42.22

During the past 3 years, BlueBet Holdings's highest Cash to Debt Ratio was 42.22. The lowest was 22.47. And the median was 36.84.

ASX:BBT's Cash-to-Debt is ranked better than
89.85% of 818 companies
in the Travel & Leisure industry
Industry Median: 0.545 vs ASX:BBT: 42.22

BlueBet Holdings Cash-to-Debt Historical Data

The historical data trend for BlueBet 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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BlueBet Holdings Cash-to-Debt Chart

BlueBet Holdings Annual Data

Trend

Jun22

Jun23

Jun24

Cash-to-Debt

36.84

22.47

42.22

BlueBet Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial			36.84	27.89	22.47	10.97	42.22

Competitive Comparison of BlueBet Holdings's Cash-to-Debt

For the Gambling subindustry, BlueBet 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.

BlueBet Holdings's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, BlueBet Holdings's Cash-to-Debt distribution charts can be found below:

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

BlueBet Holdings 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.

BlueBet Holdings'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)
	=	24.49	/	(0.439	+	0.141)
	=	42.22

BlueBet Holdings'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)
	=	24.49	/	(0.439	+	0.141)
	=	42.22

BlueBet Holdings (ASX:BBT) 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.

BlueBet Holdings Cash-to-Debt Related Terms

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BlueBet Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » BlueBet Holdings Ltd (ASX:BBT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Spring Street, Level 9, Sydney, NSW, AUS, 2000

Website

https://www.bluebet.com.au

BlueBet Holdings Ltd is engaged in offering sports and racing betting products and services to online and telephone clients, via its online wagering platform and mobile applications. Its main product line includes sports, horse racing, greyhound racing, harness racing, and on-track bets. The company generates its income from wagering revenue. It is organized into three operating segments; Australia which derives key revenue, North America, and Corporate.

BlueBet Holdings Headlines

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