Cordel Group (LSE:CRDL) Cash-to-Debt : 3.87 (As of Dec. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Cordel Group 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. Cordel Group's cash to debt ratio for the quarter that ended in Dec. 2024 was 3.87.

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, Cordel Group 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 Cordel Group's Cash-to-Debt or its related term are showing as below:

LSE:CRDL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.38 Med: 8.33 Max: No Debt
Current: 3.87

During the past 10 years, Cordel Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.38. And the median was 8.33.

LSE:CRDL's Cash-to-Debt is ranked better than
56.42% of 2788 companies
in the Software industry
Industry Median: 2.4 vs LSE:CRDL: 3.87

Cordel Group Cash-to-Debt Historical Data

The historical data trend for Cordel Group'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.

* Premium members only.

Cordel Group Cash-to-Debt Chart

Cordel Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

Get a 7-Day Free Trial

10.03

11.15

2.45

38.88

4.02

Cordel Group Semi-Annual Data
	Jun15	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial													3.36	38.88	No Debt	4.02	3.87

Competitive Comparison of Cordel Group's Cash-to-Debt

For the Software - Application subindustry, Cordel Group'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.

Cordel Group's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Cordel Group's Cash-to-Debt distribution charts can be found below:

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

Cordel Group 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.

Cordel Group's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	1.022	/	(0.105	+	0.149)
	=	4.02

Cordel Group's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	1.144	/	(0.207	+	0.089)
	=	3.86

Cordel Group (LSE:CRDL) 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.

Cordel Group Cash-to-Debt Related Terms

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

Cordel Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cordel Group PLC (LSE:CRDL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

745 Hunter Street, Level 4, Newcastle West, Newcastle, NSW, AUS, 2302

Website

https://www.cordel.ai

Cordel Group PLC produces hardware and software for capturing, analyzing, and reporting on large datasets within the transport sector, employing sophisticated artificial intelligence algorithms. Its Cordel Connect is an open-data inspection management platform that enables the storage, management, visualization, and intelligent analysis of railway inspection data. The company's unattended COTS-based (Commercial-off-the-Shelf) devices reduce monitoring costs, enabling more frequent data collection, and increased data capture frequency allowing for repeatable insights and precise change detection. Operating in the data capture and analytic services segment, the company derives a majority of its revenue from the United Kingdom and the rest from Australia, New Zealand, and the Americas.