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Next (FRA:NXG) Cash-to-Debt : 0.08 (As of Jul. 2024)


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What is Next 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. Next's cash to debt ratio for the quarter that ended in Jul. 2024 was 0.08.

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

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

FRA:NXG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04   Med: 0.09   Max: 0.33
Current: 0.08

During the past 13 years, Next's highest Cash to Debt Ratio was 0.33. The lowest was 0.04. And the median was 0.09.

FRA:NXG's Cash-to-Debt is ranked worse than
84.62% of 1112 companies
in the Retail - Cyclical industry
Industry Median: 0.44 vs FRA:NXG: 0.08

Next Cash-to-Debt Historical Data

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

Next Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 0.25 0.22 0.06 0.10

Next Semi-Annual Data
Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.13 0.06 0.09 0.10 0.08

Competitive Comparison of Next's Cash-to-Debt

For the Apparel Retail subindustry, Next'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.


Next's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Next's Cash-to-Debt distribution charts can be found below:

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



Next 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.

Next's Cash to Debt Ratio for the fiscal year that ended in Jan. 2024 is calculated as:

Next's Cash to Debt Ratio for the quarter that ended in Jul. 2024 is calculated as:

* 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.


Next  (FRA:NXG) 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.


Next Cash-to-Debt Related Terms

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


Next Business Description

Traded in Other Exchanges
Address
Desford Road, Enderby, Leicester, GBR, LE19 4AT
Next PLC is a retailer that sells clothing, footwear, accessories, and home products. Majority of the company's offerings consist of its own Next-branded products. Maximum of the company's remaining sales are through retail stores outside of the United Kingdom that it franchises. Its segments include NEXT Online, NEXT Finance and NEXT Retail. Majority of the company's revenue comes from customers in the United Kingdom. It also has its presence in Rest of Europe, Middle East, Asia and Rest of the world.