AutoCanada (TSX:ACQ) Cash-to-Debt : 0.06 (As of Sep. 2024)

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What is AutoCanada 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. AutoCanada's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.06.

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, AutoCanada couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

TSX:ACQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.07 Max: 0.18
Current: 0.06

During the past 13 years, AutoCanada's highest Cash to Debt Ratio was 0.18. The lowest was 0.01. And the median was 0.07.

TSX:ACQ's Cash-to-Debt is ranked worse than
91.03% of 1305 companies
in the Vehicles & Parts industry
Industry Median: 0.55 vs TSX:ACQ: 0.06

AutoCanada Cash-to-Debt Historical Data

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

AutoCanada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.04

0.08

0.07

0.05

AutoCanada Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.05	0.05	0.05	0.05	0.06

Competitive Comparison of AutoCanada's Cash-to-Debt

For the Auto & Truck Dealerships subindustry, AutoCanada'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.

AutoCanada's Cash-to-Debt Distribution in the Vehicles & Parts Industry

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

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

AutoCanada 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.

AutoCanada's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	103.146	/	(1203.75	+	1031.191)
	=	0.05

AutoCanada's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	132.8	/	(1222.023	+	1025.912)
	=	0.06

AutoCanada (TSX:ACQ) 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.

AutoCanada Cash-to-Debt Related Terms

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

AutoCanada Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » AutoCanada Inc (TSX:ACQ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AOCIF:USA 31K:Germany

Address

15511 123 Avenue NW, Suite 200, Edmonton, AB, CAN, T5V 0C3

Website

https://www.autocan.ca

AutoCanada Inc operates car dealerships in Canada. The company offers new and used vehicles, spare parts, maintenance services, and customer financing. AutoCanada retails brands such as Chrysler, Dodge, Jeep, Ram, Cadillac, Chevrolet, Buick, GMC, Audi, Volkswagen, BMW, Mini, Infiniti, Nissan, Hyundai, Kia, Fiat, Mitsubishi, and Subaru. The majority of revenue is generated in the Used vehicles sales segment. It operates in U.S. and Canada, out of which maximum revenue is derived from Canada.

Executives

Edgepoint Investment Group Inc.	10% Security Holder
Paul Antony	Director
Christopher Harris	Director
Barry Lee James	Director
Joseph Lee Grant Matheson	Director
Dennis Stephan Desrosiers	Director
Peter Hong	Senior Officer
Michael Borys	Senior Officer
Michael Rawluk	Senior Officer
Raj Juneja	Senior Officer

AutoCanada Headlines

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