Aerodrome Group (XTAE:ARDM) Cash-to-Debt : 0.23 (As of Dec. 2023)

View and export this data going back to 1992. Start your Free Trial

What is Aerodrome 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. Aerodrome Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.23.

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, Aerodrome Group couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

XTAE:ARDM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 6.5 Max: No Debt
Current: 0.23

During the past 11 years, Aerodrome Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.23. And the median was 6.50.

XTAE:ARDM's Cash-to-Debt is ranked worse than
81.51% of 265 companies
in the Education industry
Industry Median: 1.26 vs XTAE:ARDM: 0.23

Aerodrome Group Cash-to-Debt Historical Data

The historical data trend for Aerodrome 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.

* Premium members only.

Aerodrome Group Cash-to-Debt Chart

Aerodrome Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.44

7.56

2.07

0.43

0.23

Aerodrome Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															2.07	1.81	0.43	1.05	0.23

Competitive Comparison of Aerodrome Group's Cash-to-Debt

For the Education & Training Services subindustry, Aerodrome 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.

Aerodrome Group's Cash-to-Debt Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Aerodrome Group's Cash-to-Debt distribution charts can be found below:

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

Aerodrome 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.

Aerodrome Group'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)
	=	1.874	/	(2.933	+	5.395)
	=	0.23

Aerodrome Group'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)
	=	1.874	/	(2.933	+	5.395)
	=	0.23

Aerodrome Group (XTAE:ARDM) 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.

Aerodrome Group Cash-to-Debt Related Terms

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

Aerodrome Group (XTAE:ARDM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Aerodrome Group Ltd (XTAE:ARDM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

10th Amal Street, Afek Industrial Park, Rosh Haayin, ISR, 94158

Website

https://www.aerodrome-ops.com

Aerodrome Group Ltd is a provider of UAS services and solutions. Its UAS operations include UAS Piloting, UAS External Pilot Training, UAS Pilot In Command (PIC) Training, UAS Payload Operator Training, Advanced Mission Training. The company provides four different courses running in parallel; PIC training, O-Level training, external pilot training, and payload operator training. It provides a full envelope of services for defense industries and organizations that wish to use unmanned systems.

Aerodrome Group (XTAE:ARDM) Headlines

No Headlines