Avingtrans (FRA:DZR) Cash-to-Debt : 0.64 (As of Nov. 2023)

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What is Avingtrans 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. Avingtrans's cash to debt ratio for the quarter that ended in Nov. 2023 was 0.64.

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, Avingtrans couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

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

FRA:DZR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.21 Med: 0.65 Max: 22.09
Current: 0.64

During the past 13 years, Avingtrans's highest Cash to Debt Ratio was 22.09. The lowest was 0.21. And the median was 0.65.

FRA:DZR's Cash-to-Debt is ranked worse than
62.88% of 3009 companies
in the Industrial Products industry
Industry Median: 1.22 vs FRA:DZR: 0.64

Avingtrans Cash-to-Debt Historical Data

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

Avingtrans Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Cash-to-Debt

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0.82

0.24

3.07

2.22

2.07

Avingtrans Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															3.13	2.22	2.93	2.07	0.64

Competitive Comparison of Avingtrans's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Avingtrans'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.

Avingtrans's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Avingtrans 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.

Avingtrans's Cash to Debt Ratio for the fiscal year that ended in May. 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)
	=	20.349	/	(5.26	+	4.591)
	=	2.07

Avingtrans's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	15.995	/	(10.179	+	14.814)
	=	0.64

Avingtrans (FRA:DZR) 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.

Avingtrans Cash-to-Debt Related Terms

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

Avingtrans (FRA:DZR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Avingtrans PLC (FRA:DZR) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

AVG:UK

Address

Chatteris Business Park, Chatteris, Cambridgeshire, GBR, PE16 6SA

Website

https://www.avingtrans.plc.uk

Avingtrans PLCis a UK based company, designs and manufactures engineered components, systems and services for the automotive, healthcare and traffic management industries around the world. The company is divided into three segments: Energy-EPM; Energy-PSRE; and Medica-IMI. Avingtrans also designs and manufactures manufactured poles and cabinets for road safety cameras and railway track signaling. The company has a geographical presence in the UK, Europe and North America, and the Rest of World, with the UK region accounting for the majority of revenue.

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