Elron Ventures (XTAE:ELRN) Cash-to-Debt : 6.36 (As of Jun. 2024)

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What is Elron Ventures 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. Elron Ventures's cash to debt ratio for the quarter that ended in Jun. 2024 was 6.36.

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, Elron Ventures could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

XTAE:ELRN' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.91 Med: No Debt Max: No Debt
Current: 6.36

During the past 13 years, Elron Ventures's highest Cash to Debt Ratio was No Debt. The lowest was 4.91. And the median was No Debt.

XTAE:ELRN's Cash-to-Debt is ranked better than
50.52% of 1455 companies
in the Asset Management industry
Industry Median: 5.53 vs XTAE:ELRN: 6.36

Elron Ventures Cash-to-Debt Historical Data

The historical data trend for Elron Ventures'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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Elron Ventures Cash-to-Debt Chart

Elron Ventures Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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20.57

20.96

8.40

4.98

4.91

Elron Ventures Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															6.30	6.02	5.72	4.91	6.36

Competitive Comparison of Elron Ventures's Cash-to-Debt

For the Asset Management subindustry, Elron Ventures'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.

Elron Ventures's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Elron Ventures's Cash-to-Debt distribution charts can be found below:

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

Elron Ventures 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.

Elron Ventures'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)
	=	179.503	/	(1.116	+	35.467)
	=	4.91

Elron Ventures'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)
	=	233.664	/	(1.087	+	35.647)
	=	6.36

Elron Ventures (XTAE:ELRN) 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.

Elron Ventures Cash-to-Debt Related Terms

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Elron Ventures Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Elron Ventures Ltd (XTAE:ELRN) » Definitions » Cash-to-Debt

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ELRNF:USA

Address

114 Yigal Alon Street, ToHa Tower, 27th Floor, Tel Aviv, ISR, 6744320

Website

https://www.elronventures.com

Elron Ventures Ltd is a holding company which focuses on building and enhancing technology companies in the fields of medical devices and cyber space. Its group companies operate in various technology fields.