Sparc Technologies (ASX:SPN) Cash-to-Debt : 3.55 (As of Dec. 2023)

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What is Sparc Technologies 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. Sparc Technologies's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.55.

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

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

ASX:SPN' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.55 Med: No Debt Max: No Debt
Current: 3.55

During the past 13 years, Sparc Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 3.55. And the median was No Debt.

ASX:SPN's Cash-to-Debt is ranked better than
74.53% of 1551 companies
in the Chemicals industry
Industry Median: 0.72 vs ASX:SPN: 3.55

Sparc Technologies Cash-to-Debt Historical Data

The historical data trend for Sparc Technologies'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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Sparc Technologies Cash-to-Debt Chart

Sparc Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

5.97

5.35

9.36

Sparc Technologies Semi-Annual Data
	Jun14	Dec14	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															7.65	5.35	11.00	9.36	3.55

Competitive Comparison of Sparc Technologies's Cash-to-Debt

For the Specialty Chemicals subindustry, Sparc Technologies'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.

Sparc Technologies's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sparc Technologies's Cash-to-Debt distribution charts can be found below:

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

Sparc Technologies 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.

Sparc Technologies'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)
	=	2.957	/	(0.122	+	0.194)
	=	9.36

Sparc Technologies'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)
	=	0.908	/	(0.062	+	0.194)
	=	3.55

Sparc Technologies (ASX:SPN) 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.

Sparc Technologies Cash-to-Debt Related Terms

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

Sparc Technologies (ASX:SPN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sparc Technologies Ltd (ASX:SPN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 Rundle Street, Kent Town, Adelaide, SA, AUS, 5067

Website

https://www.sparctechnologies.com.au

Sparc Technologies Ltd is focused on the development of technology solutions using the properties of graphene. technology and product areas, namely graphene additive materials in coatings and composites, photocatalytic green hydrogen technology, and sustainable hard carbon anodes for use in sodium-ion batteries.

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