Drone Delivery Canada (TSXV:FLT) Cash-to-Debt : 12.30 (As of Dec. 2023)

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What is Drone Delivery Canada 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. Drone Delivery Canada's cash to debt ratio for the quarter that ended in Dec. 2023 was 12.30.

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, Drone Delivery Canada could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSXV:FLT' s Cash-to-Debt Range Over the Past 10 Years
Min: 12.3 Med: 68.52 Max: No Debt
Current: 12.3

During the past 13 years, Drone Delivery Canada's highest Cash to Debt Ratio was No Debt. The lowest was 12.30. And the median was 68.52.

TSXV:FLT's Cash-to-Debt is ranked better than
79.46% of 2376 companies
in the Hardware industry
Industry Median: 1.335 vs TSXV:FLT: 12.30

Drone Delivery Canada Cash-to-Debt Historical Data

The historical data trend for Drone Delivery Canada'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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Drone Delivery Canada Cash-to-Debt Chart

Drone Delivery Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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15.76

48.38

67.50

69.54

12.30

Drone Delivery Canada Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															69.54	76.64	61.54	14.79	12.30

Competitive Comparison of Drone Delivery Canada's Cash-to-Debt

For the Computer Hardware subindustry, Drone Delivery Canada'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.

Drone Delivery Canada's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Drone Delivery Canada's Cash-to-Debt distribution charts can be found below:

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

Drone Delivery Canada 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.

Drone Delivery Canada'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)
	=	7.38	/	(0.271	+	0.329)
	=	12.30

Drone Delivery Canada's Cash to Debt Ratio for the quarter 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)
	=	7.38	/	(0.271	+	0.329)
	=	12.30

Drone Delivery Canada (TSXV:FLT) 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.

Drone Delivery Canada Cash-to-Debt Related Terms

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

Drone Delivery Canada (TSXV:FLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Drone Delivery Canada Corp (TSXV:FLT) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

TAKOF:USA ABBA:Germany

Address

6-6221 Highway 7, Vaughan, ON, CAN, L4H 0K8

Website

https://www.dronedeliverycanada.com

Drone Delivery Canada Corp is a developmental technology company. It focuses on designing, developing, and implementing a commercially viable drone delivery system within Canadian geography. The company develops drone technology to provide retailers, service organizations, and government agencies a just in time delivery service. It provides a few service options such as Depot to Depot which is focused on rural applications providing services from warehouse to warehouse and Depot to consumer offering logistics services from a retailer and warehouse direct to a consumer's home or business location.

Executives

Michael Della Fortuna

Director

Drone Delivery Canada (TSXV:FLT) Headlines

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