Azorean-Aquatic Technologies (XPAR:MLAAT) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2019)

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What is Azorean-Aquatic Technologies 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. Azorean-Aquatic Technologies's cash to debt ratio for the quarter that ended in Dec. 2019 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, Azorean-Aquatic Technologies could pay off its debt using the cash in hand for the quarter that ended in Dec. 2019.

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

XPAR:MLAAT's Cash-to-Debt is not ranked ^*
in the Industrial Products industry.
Industry Median: 1.22
* Ranked among companies with meaningful Cash-to-Debt only.

Azorean-Aquatic Technologies Cash-to-Debt Historical Data

The historical data trend for Azorean-Aquatic Technologies'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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Azorean-Aquatic Technologies Cash-to-Debt Chart

Azorean-Aquatic Technologies Annual Data

Trend

Dec18

Dec19

Cash-to-Debt

No Debt

Azorean-Aquatic Technologies Semi-Annual Data
	Dec18	Dec19
Cash-to-Debt	No Debt	No Debt

Competitive Comparison of Azorean-Aquatic Technologies's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Azorean-Aquatic Technologies'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.

Azorean-Aquatic Technologies's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Azorean-Aquatic Technologies's Cash-to-Debt distribution charts can be found below:

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

Azorean-Aquatic Technologies 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.

Azorean-Aquatic Technologies's Cash to Debt Ratio for the fiscal year that ended in Dec. 2019 is calculated as:

Azorean-Aquatic Technologies had no debt ⁽¹⁾.

Azorean-Aquatic Technologies's Cash to Debt Ratio for the quarter that ended in Dec. 2019 is calculated as:

Azorean-Aquatic Technologies had no debt ⁽¹⁾.

Azorean-Aquatic Technologies (XPAR:MLAAT) 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.

Azorean-Aquatic Technologies Cash-to-Debt Related Terms

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

Azorean-Aquatic Technologies (XPAR:MLAAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Azorean-Aquatic Technologies SA (XPAR:MLAAT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua da Pranchinha N 92, Ponta Delgada, PRT, 9500-331

Website

https://www.azorean.eu

Azorean-Aquatic Technologies SA provides solutions to produce instruments and autonomous robots for different market segments from leisure to business and scientific exploration. Its product includes Ziphius, an aquatic civilian drone for the general public, controlled by Wi-Fi via smartphone or tablet PC, able to move at a speed of up to 10 kph and capable of taking and sharing photos and videos.

Azorean-Aquatic Technologies (XPAR:MLAAT) Headlines

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Azorean-Aquatic Technologies (XPAR:MLAAT) Cash-to-Debt : No Debt (1) (As of Dec. 2019)