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Spark New Zealand (NZSE:SPK) Cash-to-Debt : 0.03 (As of Jun. 2024)


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What is Spark New Zealand 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. Spark New Zealand's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.03.

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, Spark New Zealand couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

NZSE:SPK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03   Med: 0.04   Max: 0.12
Current: 0.03

During the past 13 years, Spark New Zealand's highest Cash to Debt Ratio was 0.12. The lowest was 0.03. And the median was 0.04.

NZSE:SPK's Cash-to-Debt is ranked worse than
91.22% of 376 companies
in the Telecommunication Services industry
Industry Median: 0.28 vs NZSE:SPK: 0.03

Spark New Zealand Cash-to-Debt Historical Data

The historical data trend for Spark New Zealand'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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Spark New Zealand Cash-to-Debt Chart

Spark New Zealand Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.03 0.04 0.04 0.06 0.03

Spark New Zealand Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 Premium Member Only 0.04 0.16 0.06 0.04 0.03

Competitive Comparison of Spark New Zealand's Cash-to-Debt

For the Telecom Services subindustry, Spark New Zealand'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.

Spark New Zealand's Cash-to-Debt Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Spark New Zealand's Cash-to-Debt distribution charts can be found below:

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


Spark New Zealand 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.

Spark New Zealand'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)
=59 / (510 + 1851)
=0.02

Spark New Zealand's Cash to Debt Ratio for the quarter 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)
=59 / (510 + 1851)
=0.02

* 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.

Spark New Zealand  (NZSE:SPK) 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.

Spark New Zealand Cash-to-Debt Related Terms

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

Spark New Zealand Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Spark New Zealand Ltd (NZSE:SPK) » Definitions » Cash-to-Debt
Comparable Companies
NZSE:CNU NZSE:VTL TMUS SHSE:600941 VZ CMCSA T XTER:DTE NSE:BHARTIARTL TSE:9432 TSE:9984 HKSE:00728 TSE:9433 TSE:9434 CHTR SAU:7010 MEX:AMX B ADX:EAND SGX:Z74 XSWX:SCMN
Traded in Other Exchanges
SPKKY:USA NZTCF:USA NZTA:Germany NZT:Germany NZT:Germany NZTA:Germany NZT:Germany SPK:Australia
Address
167 Victoria Street West, Level 2, Spark City, Private Bag 92028, Auckland, NTL, NZL, 1010
Website
https://www.sparknz.co.nz
Spark is one of only three integrated telecommunications operators in New Zealand. It is the leading mobile network operator with low- to mid-40% subscriber and revenue share, and the dominant provider of fixed-line broadband services with a mid-30% subscriber share. It has a commanding presence in the New Zealand corporate and wholesale telecommunications services provision space. Spark supplements its core telecommunications operations and related infrastructure with IT products and services across cloud, managed data and networks, procurement, data centers, and Internet of Things. Its operations are entirely based in New Zealand, except for its 41% interest in Southern Cross Submarine Cables, which has zero book value and to which Spark has no funding obligations.