Adcorp Holdings (JSE:ADR) Cash-to-Debt : 0.71 (As of Aug. 2024)

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What is Adcorp Holdings 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. Adcorp Holdings's cash to debt ratio for the quarter that ended in Aug. 2024 was 0.71.

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, Adcorp Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Aug. 2024.

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

JSE:ADR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 0.49 Max: 0.76
Current: 0.71

During the past 13 years, Adcorp Holdings's highest Cash to Debt Ratio was 0.76. The lowest was 0.20. And the median was 0.49.

JSE:ADR's Cash-to-Debt is ranked worse than
56.21% of 1055 companies
in the Business Services industry
Industry Median: 1.02 vs JSE:ADR: 0.71

Adcorp Holdings Cash-to-Debt Historical Data

The historical data trend for Adcorp Holdings'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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Adcorp Holdings Cash-to-Debt Chart

Adcorp Holdings Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Cash-to-Debt

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0.26

0.45

0.75

0.76

0.54

Adcorp Holdings Semi-Annual Data
	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
Cash-to-Debt	Get a 7-Day Free Trial															0.65	0.76	0.39	0.54	0.71

Competitive Comparison of Adcorp Holdings's Cash-to-Debt

For the Staffing & Employment Services subindustry, Adcorp Holdings'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.

Adcorp Holdings's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Adcorp Holdings's Cash-to-Debt distribution charts can be found below:

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

Adcorp Holdings 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.

Adcorp Holdings's Cash to Debt Ratio for the fiscal year that ended in Feb. 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)
	=	204.175	/	(75.259	+	303.881)
	=	0.54

Adcorp Holdings's Cash to Debt Ratio for the quarter that ended in Aug. 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)
	=	266.052	/	(71.027	+	303.108)
	=	0.71

Adcorp Holdings (JSE:ADR) 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.

Adcorp Holdings Cash-to-Debt Related Terms

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Adcorp Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Adcorp Holdings Ltd (JSE:ADR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

102 Western Service Road, Adcorp Place, Gallo Manor Ext 6, Johannesburg, GT, ZAF, 2191

Website

https://www.adcorpgroup.com

Adcorp Holdings Ltd is engaged in providing workplace solutions. The company renders services in the fields of permanent recruitment and flexible staffing sectors, professional IT services, as well as the provision of business process outsourcing, training, and financial services. Its operating segments are Contingent staffing, Functional Outsourcing, Professional Services, Business support. and Contingent staffing Australia. The geographical segments are South Africa and International.

Adcorp Holdings Headlines

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