Redflex Holdings (Redflex Holdings) Cash-to-Debt : 0.67 (As of Dec. 2020)

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What is Redflex Holdings 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. Redflex Holdings's cash to debt ratio for the quarter that ended in Dec. 2020 was 0.67.

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, Redflex Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2020.

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

RFLXY' s Cash-to-Debt Range Over the Past 10 Years
Min: -2.08 Med: 0.87 Max: No Debt
Current: 0.67

During the past 13 years, Redflex Holdings's highest Cash to Debt Ratio was No Debt. The lowest was -2.08. And the median was 0.87.

RFLXY's Cash-to-Debt is not ranked
in the Business Services industry.
Industry Median: 1 vs RFLXY: 0.67

Redflex Holdings Cash-to-Debt Historical Data

The historical data trend for Redflex Holdings'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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Redflex Holdings Cash-to-Debt Chart

Redflex Holdings Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Cash-to-Debt

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No Debt

2.97

3.61

0.79

Redflex Holdings Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Cash-to-Debt	Get a 7-Day Free Trial															3.21	3.61	0.62	0.79	0.67

Competitive Comparison of Redflex Holdings's Cash-to-Debt

For the Security & Protection Services subindustry, Redflex Holdings'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.

Redflex Holdings's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Redflex Holdings's Cash-to-Debt distribution charts can be found below:

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

Redflex Holdings 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.

Redflex Holdings's Cash to Debt Ratio for the fiscal year that ended in Jun. 2020 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)
	=	15.409	/	(4.319	+	15.239)
	=	0.79

Redflex Holdings's Cash to Debt Ratio for the quarter that ended in Dec. 2020 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)
	=	11.497	/	(6.128	+	10.992)
	=	0.67

Redflex Holdings (OTCPK:RFLXY) 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.

Redflex Holdings Cash-to-Debt Related Terms

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Redflex Holdings (Redflex Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Redflex Holdings Ltd (OTCPK:RFLXY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

31 Market Street, South Melbourne, Melbourne, VIC, AUS, 3205

Website

http://www.redflex.com

Redflex Holdings Ltd designs and manufactures solutions for road congestion and safety, effective flow of traffic, ticketless parking systems, video surveillance, and back-office solutions. The company's geographical segments include the Americas and Australia/International. It generates maximum revenue from the Americas segment. The America's traffic business is predominantly a Build Own Operate and Maintain (BOOM) business providing fully outsourced traffic enforcement programs. Its Australia/International traffic business involves the sale of traffic enforcement products.

Redflex Holdings (Redflex Holdings) Headlines

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