RPM Automotive Group (ASX:RPM) Cash-to-Debt : 0.17 (As of Jun. 2024)

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What is RPM Automotive 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. RPM Automotive Group's cash to debt ratio for the quarter that ended in Jun. 2024 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, RPM Automotive Group couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

ASX:RPM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.2 Max: No Debt
Current: 0.17

During the past 13 years, RPM Automotive Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was 0.20.

ASX:RPM's Cash-to-Debt is ranked worse than
76.48% of 1305 companies
in the Vehicles & Parts industry
Industry Median: 0.55 vs ASX:RPM: 0.17

RPM Automotive Group Cash-to-Debt Historical Data

The historical data trend for RPM Automotive 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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RPM Automotive Group Cash-to-Debt Chart

RPM Automotive Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

Get a 7-Day Free Trial

0.26

0.20

0.10

0.17

RPM Automotive Group Semi-Annual Data
	Dec14	Jun15	Dec15	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															0.20	0.14	0.10	0.10	0.17

Competitive Comparison of RPM Automotive Group's Cash-to-Debt

For the Auto Parts subindustry, RPM Automotive 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.

RPM Automotive Group's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, RPM Automotive Group's Cash-to-Debt distribution charts can be found below:

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

RPM Automotive 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.

RPM Automotive Group'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)
	=	6.279	/	(16.871	+	20.234)
	=	0.17

RPM Automotive Group'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)
	=	6.279	/	(16.871	+	20.234)
	=	0.17

RPM Automotive Group (ASX:RPM) 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.

RPM Automotive Group Cash-to-Debt Related Terms

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RPM Automotive Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » RPM Automotive Group Ltd (ASX:RPM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-7 Ausco Place, Dandenong South, Melbourne, VIC, AUS, 3175

Website

https://www.rpmgroup.net.au

RPM Automotive Group Ltd is an Australian based automotive group. The company's segment includes Motorsport; Repairs and Roadside; Wheels and Tyres and Accessories. It generates maximum revenue from the Repairs and Roadside segment.