PREC (Prestige Cars International) Cash-to-Debt : 0.12 (As of Sep. 2023)

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What is Prestige Cars International 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. Prestige Cars International's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.12.

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, Prestige Cars International couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

PREC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.12 Max: 0.12
Current: 0.12

During the past 0 years, Prestige Cars International's highest Cash to Debt Ratio was 0.12. The lowest was 0.12. And the median was 0.12.

PREC's Cash-to-Debt is ranked worse than
82.2% of 1298 companies
in the Vehicles & Parts industry
Industry Median: 0.55 vs PREC: 0.12

Prestige Cars International Cash-to-Debt Historical Data

The historical data trend for Prestige Cars International'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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Prestige Cars International Cash-to-Debt Chart

Prestige Cars International Annual Data

Trend

Cash-to-Debt

Prestige Cars International Semi-Annual Data
	Sep22	Sep23
Cash-to-Debt	N/A	0.12

Competitive Comparison of Prestige Cars International's Cash-to-Debt

For the Auto & Truck Dealerships subindustry, Prestige Cars International'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.

Prestige Cars International's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Prestige Cars International's Cash-to-Debt distribution charts can be found below:

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

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Prestige Cars International 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.

Prestige Cars International's Cash to Debt Ratio for the fiscal year that ended in . 20 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Prestige Cars International's Cash to Debt Ratio for the quarter that ended in Sep. 2023 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)
	=	0.152	/	(1.318	+	0)
	=	0.12

Prestige Cars International (OTCPK:PREC) 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.

Prestige Cars International Cash-to-Debt Related Terms

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

Prestige Cars International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Prestige Cars International Inc (OTCPK:PREC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

756 North West 27th Avenue, Fort Lauderdale, FL, USA, 33311

Website

https://www.prestigiouseurocars.com

Prestige Cars International Inc is engaged in restoring, buying, maintaining, selling and servicing High-End luxury European vehicles new and used and their parts world wide. The business of the company is conducted through its showroom and via the internet. The Company specializes in current and vintage Rolls Royce, Bentley, Mercedes Benz, BMW, Porsche, Jaguar, Ferrari, Aston Martin and Land Rovers. The Company services both the B2B and B2C automotive space.

Prestige Cars International Headlines

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