LEAS (Strategic Asset Leasing) Cash-to-Debt : 0.33 (As of Dec. 2092)

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What is Strategic Asset Leasing 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. Strategic Asset Leasing's cash to debt ratio for the quarter that ended in Dec. 2092 was 0.33.

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, Strategic Asset Leasing couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2092.

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

LEAS's Cash-to-Debt is not ranked ^*
in the Business Services industry.
Industry Median: 1
* Ranked among companies with meaningful Cash-to-Debt only.

Strategic Asset Leasing Cash-to-Debt Historical Data

The historical data trend for Strategic Asset Leasing'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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Strategic Asset Leasing Cash-to-Debt Chart

Strategic Asset Leasing Annual Data

Trend

Dec89

Dec90

Dec91

Dec92

Cash-to-Debt

N/A

0.07

0.33

Strategic Asset Leasing Quarterly Data
	Mar89	Jun89	Sep89	Dec89	Mar90	Jun90	Sep90	Dec90	Mar91	Jun91	Sep91	Dec91	Mar92	Jun92	Sep92	Dec92
Cash-to-Debt	Get a 7-Day Free Trial											0.07	N/A	N/A	N/A	0.33

Competitive Comparison of Strategic Asset Leasing's Cash-to-Debt

For the Rental & Leasing Services subindustry, Strategic Asset Leasing'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.

Strategic Asset Leasing's Cash-to-Debt Distribution in the Business Services Industry

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

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

Strategic Asset Leasing 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.

Strategic Asset Leasing's Cash to Debt Ratio for the fiscal year that ended in Dec. 2092 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)
	=	0.3	/	(0	+	0.9)
	=	0.33

Strategic Asset Leasing's Cash to Debt Ratio for the quarter that ended in Dec. 2092 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)
	=	0.3	/	(0	+	0.9)
	=	0.33

Strategic Asset Leasing (OTCPK:LEAS) 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.

Strategic Asset Leasing Cash-to-Debt Related Terms

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Strategic Asset Leasing Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Strategic Asset Leasing Inc (OTCPK:LEAS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

13576 Walnut Street, Suite A, Omaha, NE, USA, 68144

Website

https://www.anewmeds.com

Strategic Asset Leasing Inc is a United States-based development stage company. It is principally focused on the business activities to engage in the leasing and rental of general and miscellaneous business equipment.