Reko International Group (TSXV:REKO) Cash-to-Debt : 0.48 (As of Jan. 2024)

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What is Reko International Group 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. Reko International Group's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.48.

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, Reko International Group couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

TSXV:REKO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.61 Max: 1.47
Current: 0.48

During the past 13 years, Reko International Group's highest Cash to Debt Ratio was 1.47. The lowest was 0.01. And the median was 0.61.

TSXV:REKO's Cash-to-Debt is ranked worse than
68.13% of 3006 companies
in the Industrial Products industry
Industry Median: 1.19 vs TSXV:REKO: 0.48

Reko International Group Cash-to-Debt Historical Data

The historical data trend for Reko International Group'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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Reko International Group Cash-to-Debt Chart

Reko International Group Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

Get a 7-Day Free Trial

0.53

0.99

1.18

1.08

1.01

Reko International Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															1.04	1.09	1.01	0.64	0.48

Competitive Comparison of Reko International Group's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Reko International Group'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.

Reko International Group's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Reko International Group's Cash-to-Debt distribution charts can be found below:

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

Reko International Group 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.

Reko International Group's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	12.139	/	(4.247	+	7.816)
	=	1.01

Reko International Group's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	5.545	/	(4.241	+	7.241)
	=	0.48

Reko International Group (TSXV:REKO) 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.

Reko International Group Cash-to-Debt Related Terms

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Reko International Group (TSXV:REKO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Reko International Group Inc (TSXV:REKO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

RKIGF:USA

Address

469 Silver Creek Industrial Drive, Lakeshore, ON, CAN, N8N 4W2

Website

https://www.rekointl.com

Reko International Group Inc is a Canada-based company engaged in the activities of robotic factory automation solutions, precision machining of large, critical parts, and plastic injection, and low compression acoustic tooling. The business divisions of the group are Automation, design and build, Tool and mold manufacturing, and Precision Machining. It supplies factory automation services in Canada. The company also provides machining, tooling, and engineering services. Precision machining relates to precision, custom machining of castings, and assemblies. Its geographical segments include Canada, which is the key revenue driver; and the United States.

Executives

Lauren Beaudoin

Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

Reko International Group (TSXV:REKO) Headlines

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