8VI Holdings (ASX:8VI) Cash-to-Debt : 1.67 (As of Sep. 2023)

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What is 8VI Holdings 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. 8VI Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.67.

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, 8VI Holdings could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for 8VI Holdings's Cash-to-Debt or its related term are showing as below:

ASX:8VI' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.67 Med: 27.1 Max: No Debt
Current: 1.67

During the past 8 years, 8VI Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 1.67. And the median was 27.10.

ASX:8VI's Cash-to-Debt is ranked better than
55.51% of 263 companies
in the Education industry
Industry Median: 1.13 vs ASX:8VI: 1.67

8VI Holdings Cash-to-Debt Historical Data

The historical data trend for 8VI Holdings'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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8VI Holdings Cash-to-Debt Chart

8VI Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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130.56

6.45

25.48

4.69

2.58

8VI Holdings Semi-Annual Data
	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial											13.83	4.69	4.16	2.58	1.67

Competitive Comparison of 8VI Holdings's Cash-to-Debt

For the Education & Training Services subindustry, 8VI Holdings'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.

8VI Holdings's Cash-to-Debt Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, 8VI Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where 8VI Holdings's Cash-to-Debt falls into.

8VI Holdings 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.

8VI Holdings's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	13.405	/	(1.237	+	3.963)
	=	2.58

8VI Holdings's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	7.641	/	(1.019	+	3.55)
	=	1.67

8VI Holdings (ASX:8VI) 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.

8VI Holdings Cash-to-Debt Related Terms

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8VI Holdings (ASX:8VI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » 8VI Holdings Ltd (ASX:8VI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1557 Keppel Road, No. 01-01, Singapore, SGP, 089066

Website

https://www.8vicglobal.com

8VI Holdings Ltd provides financial education and training services. The company's operating segment includes Financial Education; Others and Corporate. The Financial Education segment is involved in providing financial education in the discipline of value investing.

8VI Holdings (ASX:8VI) Headlines

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