Abundante (SGX:570) Cash-to-Debt : No Debt ⁽¹⁾ (As of Aug. 2023)

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What is Abundante 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. Abundante's cash to debt ratio for the quarter that ended in Aug. 2023 was No Debt ⁽¹⁾.

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, Abundante could pay off its debt using the cash in hand for the quarter that ended in Aug. 2023.

(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 Abundante's Cash-to-Debt or its related term are showing as below:

SGX:570' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 26.36 Max: No Debt
Current: No Debt

During the past 13 years, Abundante's highest Cash to Debt Ratio was No Debt. The lowest was 0.18. And the median was 26.36.

SGX:570's Cash-to-Debt is not ranked
in the Business Services industry.
Industry Median: 1.005 vs SGX:570: No Debt

Abundante Cash-to-Debt Historical Data

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

Abundante Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Cash-to-Debt

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20.12

201.50

457.92

No Debt

Abundante Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Cash-to-Debt	Get a 7-Day Free Trial															2,452.80	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Abundante's Cash-to-Debt

For the Rental & Leasing Services subindustry, Abundante'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.

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

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

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

Abundante 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.

Abundante's Cash to Debt Ratio for the fiscal year that ended in Feb. 2023 is calculated as:

Abundante had no debt ⁽¹⁾.

Abundante's Cash to Debt Ratio for the quarter that ended in Aug. 2023 is calculated as:

Abundante had no debt ⁽¹⁾.

Abundante (SGX:570) 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.

Abundante Cash-to-Debt Related Terms

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

Abundante (SGX:570) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Abundante Ltd (SGX:570) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

160 Paya Lebar Road, No. 07-09 Orion, Singapore, SGP, 409022

Website

https://www.tmcltd.com.sg

Abundante Ltd formerly Transit-Mixed Concrete Ltd is an investment holding company. It is mainly engaged in the business of supplying, concrete pumping services, and liquid waste management. It operates through two business segments, The Concrete Pumping Services segment is involved in the rental of concrete pumping services, and the Waste Management segment is engaged in the provision of waste management services including sewer pipeline inspection with a video camera. It derives income through its concrete pumping services which account for its revenues through its operations in Singapore.

Abundante (SGX:570) Headlines

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Abundante (SGX:570) Cash-to-Debt : No Debt (1) (As of Aug. 2023)