Lovisa Holdings (ASX:LOV) Cash-to-Debt : 0.17 (As of Dec. 2023)

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What is Lovisa 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. Lovisa Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.17.

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

ASX:LOV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.28 Max: No Debt
Current: 0.17

During the past 9 years, Lovisa Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was 0.28.

ASX:LOV's Cash-to-Debt is ranked worse than
72.71% of 1103 companies
in the Retail - Cyclical industry
Industry Median: 0.47 vs ASX:LOV: 0.17

Lovisa Holdings Cash-to-Debt Historical Data

The historical data trend for Lovisa 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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Lovisa Holdings Cash-to-Debt Chart

Lovisa Holdings Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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2.40

0.12

0.18

0.15

0.09

Lovisa Holdings Semi-Annual Data
	Jun15	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													0.25	0.15	0.17	0.09	0.17

Competitive Comparison of Lovisa Holdings's Cash-to-Debt

For the Specialty Retail subindustry, Lovisa 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.

Lovisa Holdings's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Lovisa Holdings's Cash-to-Debt distribution charts can be found below:

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

Lovisa 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.

Lovisa Holdings'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)
	=	31.65	/	(57.606	+	314.981)
	=	0.08

Lovisa 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)
	=	58.516	/	(60.529	+	291.651)
	=	0.17

Lovisa Holdings (ASX:LOV) 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.

Lovisa Holdings Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Lovisa Holdings's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Lovisa Holdings (ASX:LOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Lovisa Holdings Ltd (ASX:LOV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LO7:Germany

Address

818-820 Glenferrie Road, Level 1, Hawthorn, Melbourne, VIC, AUS, 3122

Website

https://www.lovisa.com

Lovisa is a global fast fashion retailer specialising in jewellery. A vertically integrated supply chain allows it to develop, source, and merchandise its exclusive products. Its target customer base is millennials, seeking affordable and fashionable, or receiving jewellery as gifts. Lovisa's global network of own-operated and franchised stores span across more than 30 countries. Lovisa's sales growth track record is largely underpinned by global store rollouts. The store format and offering is standardised globally, with stores typically in shopping centres and malls with relatively high foot traffic and sales per square metre. Lovisa also operates online stores and in-store piercing services in all its jurisdictions.

Lovisa Holdings (ASX:LOV) Headlines

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