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LGCY (Legacy Education) Cash-to-Debt : 1.03 (As of Dec. 2024)


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What is Legacy Education 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. Legacy Education's cash to debt ratio for the quarter that ended in Dec. 2024 was 1.03.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Legacy Education could pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

LGCY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.87   Med: 2.15   Max: 9.2
Current: 1.03

During the past 6 years, Legacy Education's highest Cash to Debt Ratio was 9.20. The lowest was 0.87. And the median was 2.15.

LGCY's Cash-to-Debt is ranked worse than
56.3% of 270 companies
in the Education industry
Industry Median: 1.43 vs LGCY: 1.03

Legacy Education Cash-to-Debt Historical Data

The historical data trend for Legacy Education'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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Legacy Education Cash-to-Debt Chart

Legacy Education Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cash-to-Debt
Get a 7-Day Free Trial 1.17 7.13 9.20 1.67 2.15

Legacy Education Quarterly Data
Jun19 Jun20 Sep20 Jun21 Sep21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 2.12 2.22 2.15 2.25 1.03

Competitive Comparison of Legacy Education's Cash-to-Debt

For the Education & Training Services subindustry, Legacy Education'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.


Legacy Education's Cash-to-Debt Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Legacy Education's Cash-to-Debt distribution charts can be found below:

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


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Legacy Education 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.

Legacy Education's Cash to Debt Ratio for the fiscal year that ended in Jun. 2024 is calculated as:

Legacy Education's Cash to Debt Ratio for the quarter that ended in Dec. 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.


Legacy Education  (AMEX:LGCY) 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.


Legacy Education Cash-to-Debt Related Terms

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


Legacy Education Business Description

Traded in Other Exchanges
N/A
Address
701 W Avenue K, Suite 123, Lancaster, CA, USA, 93534
Legacy Education Inc is engaged in career-focused, post-secondary education services to students at all stages of adult life, from recent high school graduates to working parents.