Droneshield (Droneshield) Cash-to-Debt : 21.63 (As of Dec. 2023)

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What is Droneshield 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. Droneshield's cash to debt ratio for the quarter that ended in Dec. 2023 was 21.63.

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

DRSHF' s Cash-to-Debt Range Over the Past 10 Years
Min: 11.43 Med: 36.14 Max: No Debt
Current: 21.63

During the past 8 years, Droneshield's highest Cash to Debt Ratio was No Debt. The lowest was 11.43. And the median was 36.14.

DRSHF's Cash-to-Debt is ranked better than
84.26% of 2471 companies
in the Hardware industry
Industry Median: 1.35 vs DRSHF: 21.63

Droneshield Cash-to-Debt Historical Data

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

Droneshield Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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11.41

34.17

38.15

17.15

21.63

Droneshield Semi-Annual Data
	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											38.15	6.64	17.15	79.49	21.63

Competitive Comparison of Droneshield's Cash-to-Debt

For the Computer Hardware subindustry, Droneshield'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.

Droneshield's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Droneshield's Cash-to-Debt distribution charts can be found below:

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

Droneshield 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.

Droneshield'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)
	=	37.999	/	(0.302	+	1.455)
	=	21.63

Droneshield'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)
	=	37.999	/	(0.302	+	1.455)
	=	21.63

Droneshield (OTCPK:DRSHF) 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.

Droneshield Cash-to-Debt Related Terms

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Droneshield (Droneshield) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Droneshield Ltd (OTCPK:DRSHF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DRH:Germany DRO:Australia

Address

126 Phillip Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.droneshield.com

Droneshield Ltd develops and sells hardware and software for the detection of drones. The principal activity of the Company is the development, commercialisation and sales of hardware and software technology for drone detection and security. Its products include DroneGun Tactical, DroneCannon, DroneNode, and DroneShield Complete. The company provides its solutions to government and military, airports, commercial venues, prisons, and critical infrastructure. Its geographical segments are the United States and Australia.

Droneshield (Droneshield) Headlines

From GuruFocus

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