Harvest Technology Group (ASX:HTG) Cash-to-Debt : 0.10 (As of Dec. 2023)

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What is Harvest Technology Group 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. Harvest Technology Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.10.

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, Harvest Technology Group couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:HTG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 1.47 Max: No Debt
Current: 0.1

During the past 8 years, Harvest Technology Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was 1.47.

ASX:HTG's Cash-to-Debt is ranked worse than
91.82% of 2800 companies
in the Software industry
Industry Median: 2.47 vs ASX:HTG: 0.10

Harvest Technology Group Cash-to-Debt Historical Data

The historical data trend for Harvest Technology Group'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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Harvest Technology Group Cash-to-Debt Chart

Harvest Technology Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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79.74

1.67

1.78

0.88

0.27

Harvest Technology Group Semi-Annual Data
	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											1.01	0.88	0.35	0.27	0.10

Competitive Comparison of Harvest Technology Group's Cash-to-Debt

For the Software - Application subindustry, Harvest Technology Group'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.

Harvest Technology Group's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Harvest Technology Group's Cash-to-Debt distribution charts can be found below:

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

Harvest Technology Group 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.

Harvest Technology Group's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	1.471	/	(0.405	+	5.134)
	=	0.27

Harvest Technology Group'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)
	=	0.634	/	(5.39	+	1.297)
	=	0.09

Harvest Technology Group (ASX:HTG) 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.

Harvest Technology Group Cash-to-Debt Related Terms

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Harvest Technology Group (ASX:HTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Harvest Technology Group Ltd (ASX:HTG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Ord Street, Ground Floor, West Perth, Perth, WA, AUS, 6005

Website

https://www.harvest.technology

Harvest Technology Group Ltd provides hardware and software solutions to the energy, resources, and renewables sectors. The company's software solutions provide secure encrypted transfer of data, including high-definition video and audio, from anywhere via satellite or congested networks at ultra-low bandwidths. It operates in two segments: Subsea and asset integrity risk mitigation and Remote communications technology. The majority of the revenue comes from the Remote communications technology segment that generates income from the provision of data transfer, encryption, and compression services to clients operating in offshore and remote environments.

Harvest Technology Group (ASX:HTG) Headlines

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