BetMakers Technology Group (ASX:BET) Cash-to-Debt : 10.00 (As of Dec. 2023)

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What is BetMakers Technology 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. BetMakers Technology Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 10.00.

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, BetMakers Technology Group could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:BET' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.6 Med: 68.31 Max: No Debt
Current: 10

During the past 8 years, BetMakers Technology Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.60. And the median was 68.31.

ASX:BET's Cash-to-Debt is ranked better than
82.27% of 818 companies
in the Travel & Leisure industry
Industry Median: 0.57 vs ASX:BET: 10.00

BetMakers Technology Group Cash-to-Debt Historical Data

The historical data trend for BetMakers Technology 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.

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BetMakers Technology Group Cash-to-Debt Chart

BetMakers Technology Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

68.31

48.36

16.77

8.72

BetMakers Technology Group Semi-Annual Data
	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												31.81	16.77	11.79	8.72	10.00

Competitive Comparison of BetMakers Technology Group's Cash-to-Debt

For the Gambling subindustry, BetMakers Technology 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.

BetMakers Technology Group's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, BetMakers Technology Group's Cash-to-Debt distribution charts can be found below:

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

BetMakers Technology 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.

BetMakers Technology Group's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	41.041	/	(1.401	+	3.308)
	=	8.72

BetMakers Technology 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)
	=	36.479	/	(1.475	+	2.174)
	=	10.00

BetMakers Technology Group (ASX:BET) 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.

BetMakers Technology Group Cash-to-Debt Related Terms

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BetMakers Technology Group (ASX:BET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » BetMakers Technology Group Ltd (ASX:BET) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TPBTF:USA

Address

189 Flinders Lane, Level 4, Melbourne, VIC, AUS, 3000

Website

http://www.thebetmakers.com

BetMakers Technology Group Ltd engages in the development and provision of data and analytic products. The firm operates in three segments: Global racing network, Global betting services, and Global Tote. The Global racing network segment assists racing bodies and rights holders in producing and distributing race content including services such as barrier technology, official price calculation, vision, and pricing distribution. The Global betting services segment which derives the majority of revenue provides a variety of racing data and analytical tools consisting of basic race data such as pricing, runners, and form, analytical tools. The Global Tote segment includes the provision of tote software and integrations to facilitate tote liquidity and results.

BetMakers Technology Group (ASX:BET) Headlines

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