CRGO (Freightos) Cash-to-Debt : 33.46 (As of Sep. 2024)

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What is Freightos 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. Freightos's cash to debt ratio for the quarter that ended in Sep. 2024 was 33.46.

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, Freightos could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

CRGO' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.91 Med: 39.79 Max: 77.39
Current: 33.46

During the past 4 years, Freightos's highest Cash to Debt Ratio was 77.39. The lowest was 1.91. And the median was 39.79.

CRGO's Cash-to-Debt is ranked better than
93.35% of 962 companies
in the Transportation industry
Industry Median: 0.46 vs CRGO: 33.46

Freightos Cash-to-Debt Historical Data

The historical data trend for Freightos'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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Freightos Cash-to-Debt Chart

Freightos Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

9.33

14.39

1.91

39.79

Freightos Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial									65.29	39.79	44.24	49.22	33.46

Competitive Comparison of Freightos's Cash-to-Debt

For the Integrated Freight & Logistics subindustry, Freightos'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.

Freightos's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Freightos's Cash-to-Debt distribution charts can be found below:

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

Freightos 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.

Freightos'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)
	=	51.685	/	(0.587	+	0.712)
	=	39.79

Freightos's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	41.324	/	(0.697	+	0.538)
	=	33.46

Freightos (NAS:CRGO) 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.

Freightos Cash-to-Debt Related Terms

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Freightos Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Freightos Ltd (NAS:CRGO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Derech Agudat Sport HaPo’el, Technology Park Building 2, Jerusalem, ISR, 9695102

Website

https://www.freightos.com

Freightos Ltd operates as a vendor-neutral booking and payment platform for international freight. Its platform supports supply chain efficiency and agility by enabling real-time procurement of ocean and air shipping across more than ten thousand importers/exporters. forwarders, and dozens of airlines and ocean carriers. WebCargo by Freightos is a freight platform connecting carriers and forwarders in particular an air cargo eBooking platform. Freightos.com is a digital international freight marketplace for importers and exporters for instant pricing, booking, and shipment management. The company operates in two segments-Platform segment and Solutions segment. Geographically, the company operates in Europe, Hong Kong, United States which is majority revenue generator and others.