Rubicon Water (ASX:RWL) Cash-to-Debt : 0.37 (As of Dec. 2023)

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What is Rubicon Water 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. Rubicon Water's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.37.

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

ASX:RWL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28 Med: 0.53 Max: 4.82
Current: 0.37

During the past 2 years, Rubicon Water's highest Cash to Debt Ratio was 4.82. The lowest was 0.28. And the median was 0.53.

ASX:RWL's Cash-to-Debt is ranked better than
61.18% of 492 companies
in the Utilities - Regulated industry
Industry Median: 0.26 vs ASX:RWL: 0.37

Rubicon Water Cash-to-Debt Historical Data

The historical data trend for Rubicon Water'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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Rubicon Water Cash-to-Debt Chart

Rubicon Water Annual Data

Trend

Jun22

Jun23

Cash-to-Debt

0.38

0.28

Rubicon Water Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			0.67	0.38	4.82	0.28	0.37

Competitive Comparison of Rubicon Water's Cash-to-Debt

For the Utilities - Regulated Water subindustry, Rubicon Water'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.

Rubicon Water's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Rubicon Water's Cash-to-Debt distribution charts can be found below:

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

Rubicon Water 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.

Rubicon Water'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)
	=	8.495	/	(29.974	+	0.717)
	=	0.28

Rubicon Water'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)
	=	1.006	/	(0.655	+	2.104)
	=	0.36

Rubicon Water (ASX:RWL) 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.

Rubicon Water Cash-to-Debt Related Terms

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Rubicon Water (ASX:RWL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Rubicon Water Ltd (ASX:RWL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Cato Street, Hawthorn East, Melbourne, VIC, AUS, 3123

Website

https://www.rubiconwater.com

Rubicon Water Ltd is engaged in the water technology solutions business that designs, manufactures, installs, and maintains irrigation automation software and hardware. It generates revenue through sales of hardware, software, and services, as well as from ongoing maintenance of the installed end-to-end solution base.

Rubicon Water (ASX:RWL) Headlines

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