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Velocity Composites (LSE:VEL) Cash-to-Debt : 0.60 (As of Oct. 2024)


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What is Velocity Composites 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. Velocity Composites's cash to debt ratio for the quarter that ended in Oct. 2024 was 0.60.

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, Velocity Composites couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2024.

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

LSE:VEL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2   Med: 0.88   Max: 16.47
Current: 0.6

During the past 11 years, Velocity Composites's highest Cash to Debt Ratio was 16.47. The lowest was 0.20. And the median was 0.88.

LSE:VEL's Cash-to-Debt is ranked worse than
52.08% of 313 companies
in the Aerospace & Defense industry
Industry Median: 0.76 vs LSE:VEL: 0.60

Velocity Composites Cash-to-Debt Historical Data

The historical data trend for Velocity Composites'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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Velocity Composites Cash-to-Debt Chart

Velocity Composites Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.94 0.86 0.56 0.90 0.60

Velocity Composites Semi-Annual Data
Oct14 Oct15 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.56 0.30 0.90 0.59 0.60

Competitive Comparison of Velocity Composites's Cash-to-Debt

For the Aerospace & Defense subindustry, Velocity Composites'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.


Velocity Composites's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Velocity Composites's Cash-to-Debt distribution charts can be found below:

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



Velocity Composites 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.

Velocity Composites's Cash to Debt Ratio for the fiscal year that ended in Oct. 2024 is calculated as:

Velocity Composites's Cash to Debt Ratio for the quarter that ended in Oct. 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.


Velocity Composites  (LSE:VEL) 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.


Velocity Composites Cash-to-Debt Related Terms

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Velocity Composites Business Description

Traded in Other Exchanges
N/A
Address
Billington Road, AMS Technology Park, Burnley, Lancashire, GBR, BB11 5UB
Velocity Composites PLC is a provider of engineered composite material kits to the aerospace industry. The company has operational functions across Europe, the UK, the U.S and the rest of the world. It generates maximum revenue from the United Kingdom. It offers Structural Pre-preg Kits, Engineered Vacuum Bag Material Kits, Honeycomb, Core Potting Compounds, Co-bonded Materials, Process & Tooling Aids, and Engineering Support Services. Revenue arises mainly from the sale of structural and consumable materials for use within the aerospace industry.