CL8 Holdings (ASX:CL8) Cash-to-Debt: 0.04 (As of Dec. 2024)

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What is CL8 Holdings Cash-to-Debt?

CL8 Holdings ASX:CL8 Cash-to-Debt is 0.04 as of Dec. 2024.

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. CL8 Holdings's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.04.

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, CL8 Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

The historical rank and industry rank for CL8 Holdings's Cash-to-Debt or its related term are showing as below:

ASX:CL8's Cash-to-Debt is not ranked *
in the Business Services industry.
Industry Median: 1.15
* Ranked among companies with meaningful Cash-to-Debt only.

CL8 Holdings  (ASX:CL8) 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.

CL8 Holdings Cash-to-Debt Related Terms

CL8 Holdings Cash-to-Debt Historical Data

* Premium members only.

The historical data trend for CL8 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.

CL8 Holdings Cash-to-Debt Chart

CL8 Holdings Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.58 9.76 0.83 0.37 0.11

CL8 Holdings Semi-Annual Data
Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.72 0.37 0.35 0.11 0.04

ASX:CL8 vs URI, AER, FTAI: Cash-to-Debt Comparison

For the Rental & Leasing Services subindustry, CL8 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.

CL8 Holdings Cash-to-Debt vs Business Services Industry

For the Business Services industry and Industrials sector, CL8 Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where CL8 Holdings's Cash-to-Debt falls into.


CL8 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.

CL8 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)
=1.312588 / (10.33619 + 1.238221)
=0.11

CL8 Holdings's Cash to Debt Ratio for the quarter that ended in Dec. 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)
=0.50001 / (10.332201 + 0.865815)
=0.04

* 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.

Frequently Asked Questions Learn more about Cash-to-Debt →
What does a Cash-to-Debt of 0.04 mean?
CL8 Holdings (ASX:CL8) has a Cash-to-Debt of 0.04 as of Dec. 2024.
Is CL8 Holdings' Cash-to-Debt too high?
CL8 Holdings' current Cash-to-Debt is 0.04. The Business Services industry median Cash-to-Debt is 1.15. CL8 Holdings' value of 0.04 is 96.5% below this industry median.
How does CL8 Holdings' Cash-to-Debt compare to URI and AER?
CL8 Holdings' Cash-to-Debt of 0.04 can be compared against companies in the Business Services industry. The industry median Cash-to-Debt is 1.15. CL8 Holdings' value of 0.04 is 96.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Business Services company?
The median Cash-to-Debt among Business Services companies is 1.15, based on 1,069 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CL8 Holdings's current Cash-to-Debt of 0.04 is 96.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Business Services industry, the median Cash-to-Debt is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CL8 Holdings's current Cash-to-Debt is 0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CL8 Holdings stock overvalued right now?
CL8 Holdings (ASX:CL8) has a current Cash-to-Debt of 0.04. The current Cash-to-Debt is 0.04 and 96.5% below the Business Services industry median of 1.15. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For CL8 Holdings (ASX:CL8), the current Cash-to-Debt is 0.04 as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

CL8 Holdings Business Description

Address 189 Kent Street, Suite 2, Level 3, Sydney, NSW, AUS, 2000
CL8 Holdings Ltd operates is an Australian online technology company engaged in the business of car subscription industry in Australia and New Zealand.