Brimag Digital Age (XTAE:BRMG) Cash-to-Debt : 0.03 (As of Jun. 2024)

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What is Brimag Digital Age 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. Brimag Digital Age's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.03.

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, Brimag Digital Age couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

XTAE:BRMG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 0.16
Current: 0.03

During the past 10 years, Brimag Digital Age's highest Cash to Debt Ratio was 0.16. The lowest was 0.02. And the median was 0.04.

XTAE:BRMG's Cash-to-Debt is ranked worse than
98.01% of 2459 companies
in the Hardware industry
Industry Median: 1.31 vs XTAE:BRMG: 0.03

Brimag Digital Age Cash-to-Debt Historical Data

The historical data trend for Brimag Digital Age'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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Brimag Digital Age Cash-to-Debt Chart

Brimag Digital Age Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.02

0.05

0.11

0.04

0.06

Brimag Digital Age Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.02	0.02	0.06	0.07	0.03

Competitive Comparison of Brimag Digital Age's Cash-to-Debt

For the Electronics & Computer Distribution subindustry, Brimag Digital Age'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.

Brimag Digital Age's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Brimag Digital Age's Cash-to-Debt distribution charts can be found below:

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

Brimag Digital Age 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.

Brimag Digital Age'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)
	=	14.092	/	(142.068	+	79.418)
	=	0.06

Brimag Digital Age's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	5.794	/	(115.835	+	69.208)
	=	0.03

Brimag Digital Age (XTAE:BRMG) 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.

Brimag Digital Age Cash-to-Debt Related Terms

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Brimag Digital Age Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Brimag Digital Age Ltd (XTAE:BRMG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

19 Hashikma Street, Azur, ISR, 58001

Website

http://www.brimag.co.il

Brimag Digital Age Ltd imports, markets, and distributes home appliances and consumer electronics. It also provides warranty and repair services. Its products include refrigerators and freezers, washers and dryers, and dishwashers, among others. It provides consulting services and professional guidance in the import of V-Zug Sub Zero and Wolf products. It also operates logistics center.

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