Rentokil Initial (CHIX:RTOL) Cash-to-Debt : 0.33 (As of Jun. 2024)

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What is Rentokil Initial 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. Rentokil Initial's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.33.

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

CHIX:RTOl' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.32 Max: 0.67
Current: 0.33

During the past 13 years, Rentokil Initial's highest Cash to Debt Ratio was 0.67. The lowest was 0.07. And the median was 0.32.

CHIX:RTOl's Cash-to-Debt is ranked worse than
68.91% of 1055 companies
in the Business Services industry
Industry Median: 1.02 vs CHIX:RTOl: 0.33

Rentokil Initial Cash-to-Debt Historical Data

The historical data trend for Rentokil Initial'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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Rentokil Initial Cash-to-Debt Chart

Rentokil Initial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.53

0.67

0.34

0.40

0.33

Rentokil Initial 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															0.63	0.40	0.30	0.33	0.33

Competitive Comparison of Rentokil Initial's Cash-to-Debt

For the Specialty Business Services subindustry, Rentokil Initial'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.

Rentokil Initial's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Rentokil Initial's Cash-to-Debt distribution charts can be found below:

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

Rentokil Initial 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.

Rentokil Initial's Cash to Debt Ratio for the fiscal year 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)
	=	1548	/	(1261	+	3471)
	=	0.33

Rentokil Initial'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)
	=	1558	/	(1332	+	3419)
	=	0.33

Rentokil Initial (CHIX:RTOl) 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.

Rentokil Initial Cash-to-Debt Related Terms

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

Rentokil Initial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Rentokil Initial PLC (CHIX:RTOl) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

RTO:USA RKLIF:USA RTO:UK RTO:Germany RTO1:Germany RTO1:Germany

Address

Manor Royal, Compass House, Crawley, West Sussex, GBR, RH10 9PY

Website

https://www.rentokil-initial.com

Rentokil Initial is the largest global provider of route-based pest-control and commercial hygiene services, operating in 83 countries. The group also offers a range of specialist route-based services including office and commercial space plant care, property care, and workwear rentals. The group has a diverse client base that includes global food producers, hotel chains, industrial goods businesses, restaurants, and individual residential customers.

Rentokil Initial Headlines

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