AstroNova (FRA:AZO) Cash-to-Debt : 0.09 (As of Oct. 2024)

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What is AstroNova 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. AstroNova's cash to debt ratio for the quarter that ended in Oct. 2024 was 0.09.

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, AstroNova couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2024.

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

FRA:AZO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.49 Max: No Debt
Current: 0.1

During the past 13 years, AstroNova's highest Cash to Debt Ratio was No Debt. The lowest was 0.10. And the median was 0.49.

FRA:AZO's Cash-to-Debt is ranked worse than
93.74% of 2459 companies
in the Hardware industry
Industry Median: 1.29 vs FRA:AZO: 0.10

AstroNova Cash-to-Debt Historical Data

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

AstroNova Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash-to-Debt

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0.20

0.63

0.51

0.13

0.20

AstroNova Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Cash-to-Debt	Get a 7-Day Free Trial															0.17	0.20	0.25	0.10	0.09

Competitive Comparison of AstroNova's Cash-to-Debt

For the Computer Hardware subindustry, AstroNova'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.

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

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

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

AstroNova 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.

AstroNova's Cash to Debt Ratio for the fiscal year that ended in Jan. 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)
	=	4.156	/	(10.993	+	9.607)
	=	0.20

AstroNova's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	4.069	/	(25.591	+	20.887)
	=	0.09

AstroNova (FRA:AZO) 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.

AstroNova Cash-to-Debt Related Terms

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AstroNova Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AstroNova Inc (FRA:AZO) » Definitions » Cash-to-Debt

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ALOT:USA

Address

600 East Greenwich Avenue, West Warwick, RI, USA, 02893

Website

https://www.astronovainc.com

AstroNova Inc designs, develops, manufactures, and distributes a broad range of specialty printers and data acquisition and analysis systems, including both hardware and software, which incorporate technologies to acquire, store, analyze, and present data in multiple formats sold under the QuickLabel, TrojanLabel and GetLabels brand names. Its target markets for hardware and software products include aerospace, apparel, automotive, avionics, chemicals, computer peripherals, communications, distribution, food and beverage, general manufacturing, packaging, and transportation. It has two segments, Product Identification (PI) and Test & Measurement (T&M). It generates the majority of its revenue from the PI segment that includes specialty printing systems and related supplies.