Next10 (Next10) Cash-to-Debt : 1.64 (As of May. 2006)

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What is Next10 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. Next10's cash to debt ratio for the quarter that ended in May. 2006 was 1.64.

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, Next10 could pay off its debt using the cash in hand for the quarter that ended in May. 2006.

(1) 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.

The historical rank and industry rank for Next10's Cash-to-Debt or its related term are showing as below:

NXTN's Cash-to-Debt is not ranked ^*
in the Transportation industry.
Industry Median: 0.48
* Ranked among companies with meaningful Cash-to-Debt only.

Next10 Cash-to-Debt Historical Data

The historical data trend for Next10'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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Next10 Cash-to-Debt Chart

Next10 Annual Data

Trend

Aug02

Aug03

Aug04

Cash-to-Debt

No Debt

0.22

No Debt

Next10 Quarterly Data
	Aug02	Feb03	May03	Aug03	Nov03	Feb04	May04	Aug04	Nov04	Feb05	May05	Aug05	Nov05	Feb06	May06
Cash-to-Debt	Get a 7-Day Free Trial										No Debt	No Debt	2.21	4.86	1.64

Competitive Comparison of Next10's Cash-to-Debt

For the Trucking subindustry, Next10'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.

Next10's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Next10's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Next10's Cash-to-Debt falls into.

Next10 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.

Next10's Cash to Debt Ratio for the fiscal year that ended in Aug. 2004 is calculated as:

Next10 had no debt ⁽¹⁾.

Next10's Cash to Debt Ratio for the quarter that ended in May. 2006 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)
	=	0.659	/	(0	+	0.402)
	=	1.64

Next10 (OTCPK:NXTN) 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.

Next10 Cash-to-Debt Related Terms

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Next10 (Next10) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Next10 Inc (OTCPK:NXTN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4663 S. Enterprise Street, Boise, ID, USA, 83705

Website

https://www.ultimateholdingscorp.com

Next10 Inc is engaged in the truck shipping of refrigerated and frozen food products. The company generates revenue from the freight shipments and also from leasing equipment to their independent owner-operators.