Location Based Technologies (Location Based Technologies) Cash-to-Debt : 0.02 (As of May. 2015)

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What is Location Based Technologies 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. Location Based Technologies's cash to debt ratio for the quarter that ended in May. 2015 was 0.02.

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, Location Based Technologies couldn't pay off its debt using the cash in hand for the quarter that ended in May. 2015.

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

LBAS's Cash-to-Debt is not ranked ^*
in the Hardware industry.
Industry Median: 1.34
* Ranked among companies with meaningful Cash-to-Debt only.

Location Based Technologies Cash-to-Debt Historical Data

The historical data trend for Location Based Technologies'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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Location Based Technologies Cash-to-Debt Chart

Location Based Technologies Annual Data

Trend

Aug06

Aug07

Aug08

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

Cash-to-Debt

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1.88

0.13

0.09

0.01

Location Based Technologies Quarterly Data
	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15
Cash-to-Debt	Get a 7-Day Free Trial															0.02	0.01	0.05	0.02	0.02

Competitive Comparison of Location Based Technologies's Cash-to-Debt

For the Scientific & Technical Instruments subindustry, Location Based Technologies'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.

Location Based Technologies's Cash-to-Debt Distribution in the Hardware Industry

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

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

Location Based Technologies 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.

Location Based Technologies's Cash to Debt Ratio for the fiscal year that ended in Aug. 2014 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)
	=	0.146	/	(6.155	+	3.997)
	=	0.01

Location Based Technologies's Cash to Debt Ratio for the quarter that ended in May. 2015 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)
	=	0.237	/	(10.82	+	1.285)
	=	0.02

Location Based Technologies (OTCPK:LBAS) 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.

Location Based Technologies Cash-to-Debt Related Terms

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Location Based Technologies (Location Based Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Location Based Technologies Inc (OTCPK:LBAS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

7545 Irvine Center Drive, Suite 200, Irvine, CA, USA, 92618

Website

https://www.locationbasedtech.com

Location Based Technologies Inc is engaged in supplying fleet trackers, a small, affordable, fully sealed vehicle tracking system (combined GPS, wireless, and WiFi technology) designed to track and display vehicles and other mobile assets on the go. It is designed to be quickly installed and features easy-to-use user interfaces, including browser and apps. Its product offering includes PocketFinder. The company generates revenue from Device Sales and Services.

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