Freedom Care Group Holdings (ASX:FCG) Cash-to-Debt : 7.00 (As of Dec. 2023)

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What is Freedom Care Group 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. Freedom Care Group Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 7.00.

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

ASX:FCG' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.63 Med: 5.08 Max: 7
Current: 7

During the past 2 years, Freedom Care Group Holdings's highest Cash to Debt Ratio was 7.00. The lowest was 2.63. And the median was 5.08.

ASX:FCG's Cash-to-Debt is ranked better than
79.79% of 668 companies
in the Healthcare Providers & Services industry
Industry Median: 0.69 vs ASX:FCG: 7.00

Freedom Care Group Holdings Cash-to-Debt Historical Data

The historical data trend for Freedom Care Group 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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Freedom Care Group Holdings Cash-to-Debt Chart

Freedom Care Group Holdings Annual Data

Trend

Jun21

Jun22

Cash-to-Debt

2.63

7.00

Freedom Care Group Holdings Semi-Annual Data
	Jun21	Jun22	Dec22	Dec23
Cash-to-Debt	2.63	7.00	3.16	7.00

Competitive Comparison of Freedom Care Group Holdings's Cash-to-Debt

For the Medical Care Facilities subindustry, Freedom Care Group 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.

Freedom Care Group Holdings's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Freedom Care Group Holdings's Cash-to-Debt distribution charts can be found below:

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

Freedom Care Group 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.

Freedom Care Group Holdings's Cash to Debt Ratio for the fiscal year that ended in Jun. 2022 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)
	=	0.924	/	(0.094	+	0.038)
	=	7.00

Freedom Care Group Holdings'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)
	=	3.781	/	(0.116	+	0.424)
	=	7.00

Freedom Care Group Holdings (ASX:FCG) 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.

Freedom Care Group Holdings Cash-to-Debt Related Terms

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Freedom Care Group Holdings (ASX:FCG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Freedom Care Group Holdings Ltd (ASX:FCG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shop 3/886, Woodville Road, Villawood, NSW, AUS, 2163

Website

https://www.freedomcaregroup.com.au

Freedom Care Group Holdings Ltd is a national disability insurance scheme services provider that provides a full suite of allied health and care services to individuals accepted into the NDIS particularly in the greater Sydney areas. It is organized into three service areas such as Core Supports, Capacity Building Supports and Capital Supports. Core Supports: assist Participants with everyday activities, current disability-related needs and work towards a Participant's goals. Capacity Building Supports: assist Participants to increase independence and develop skills to assist them to pursue their goals and Capital Supports: includes higher-cost pieces of assistive technology, equipment and home or vehicle modifications, and funding for one-off capital purchases that participants require.