Hygrovest Limited (ASX:HGV) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Hygrovest Limited 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. Hygrovest Limited's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, Hygrovest Limited could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

ASX:HGV' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.7 Med: No Debt Max: No Debt
Current: No Debt

During the past 8 years, Hygrovest Limited's highest Cash to Debt Ratio was No Debt. The lowest was 3.70. And the median was No Debt.

ASX:HGV's Cash-to-Debt is ranked better than
99.93% of 1465 companies
in the Asset Management industry
Industry Median: 5.65 vs ASX:HGV: No Debt

Hygrovest Limited Cash-to-Debt Historical Data

The historical data trend for Hygrovest Limited'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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Hygrovest Limited Cash-to-Debt Chart

Hygrovest Limited Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

Hygrovest Limited Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial												No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Hygrovest Limited's Cash-to-Debt

For the Asset Management subindustry, Hygrovest Limited'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.

Hygrovest Limited's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Hygrovest Limited's Cash-to-Debt distribution charts can be found below:

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

Hygrovest Limited 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.

Hygrovest Limited's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Hygrovest Limited had no debt ⁽¹⁾.

Hygrovest Limited's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Hygrovest Limited had no debt ⁽¹⁾.

Hygrovest Limited (ASX:HGV) 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.

Hygrovest Limited Cash-to-Debt Related Terms

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Hygrovest Limited (ASX:HGV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Hygrovest Limited (ASX:HGV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MMJJF:USA

Address

19-29 Martin Place, MLC Centre, Suite 5706, Level 57, Sydney, NSW, AUS, 2000

Website

https://www.hygrovest.com.au

Hygrovest Limited is a specialist investment company. It has built a diversified portfolio by investing in Australian and offshore cannabis-related businesses including healthcare products, technology, and infrastructure. The company's portfolio includes Southern Cannabis Holdings, Medio Labs Inc , Weed Me, Fire and Flower, Bien, BevCanna, and others.