Gtn (ASX:GTN) Cash-to-Debt : 2.71 (As of Jun. 2024)

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What is Gtn 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. Gtn's cash to debt ratio for the quarter that ended in Jun. 2024 was 2.71.

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

ASX:GTN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.51 Med: 0.93 Max: 2.71
Current: 2.71

During the past 9 years, Gtn's highest Cash to Debt Ratio was 2.71. The lowest was 0.51. And the median was 0.93.

ASX:GTN's Cash-to-Debt is ranked better than
61.85% of 1038 companies
in the Media - Diversified industry
Industry Median: 1.28 vs ASX:GTN: 2.71

Gtn Cash-to-Debt Historical Data

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

Gtn Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

Get a 7-Day Free Trial

0.89

0.93

2.19

1.13

2.71

Gtn Semi-Annual Data
	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												2.19	No Debt	1.13	No Debt	2.71

Competitive Comparison of Gtn's Cash-to-Debt

For the Advertising Agencies subindustry, Gtn'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.

Gtn's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Gtn's Cash-to-Debt distribution charts can be found below:

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

Gtn 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.

Gtn'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)
	=	31.556	/	(1.541	+	10.098)
	=	2.71

Gtn'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)
	=	31.556	/	(1.541	+	10.098)
	=	2.71

Gtn (ASX:GTN) 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.

Gtn Cash-to-Debt Related Terms

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Gtn Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Gtn Ltd (ASX:GTN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Miller Street, Level 42, Northpoint, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.gtnetwork.com.au

Gtn Ltd is a marketing services company. The company operates broadcast media advertising platforms that supply traffic information reports to radio and/or television stations. The company offers advertising spots on television and radio networks, adjacent to information reports that listeners are typically engaged with traffic and news, as this content is of use to the consumer. Its advertising platform enables advertisers to reach audiences in Australia, Canada, the United Kingdom, and Brazil.