Booktopia Group (ASX:BKG) Cash-to-Debt : 0.03 (As of Dec. 2023)

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What is Booktopia 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. Booktopia Group's cash to debt ratio for the quarter that ended in Dec. 2023 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, Booktopia 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 Booktopia Group's Cash-to-Debt or its related term are showing as below:

ASX:BKG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.2 Max: 1.37
Current: 0.03

During the past 4 years, Booktopia Group's highest Cash to Debt Ratio was 1.37. The lowest was 0.01. And the median was 0.20.

ASX:BKG's Cash-to-Debt is ranked worse than
93.49% of 1106 companies
in the Retail - Cyclical industry
Industry Median: 0.47 vs ASX:BKG: 0.03

Booktopia Group Cash-to-Debt Historical Data

The historical data trend for Booktopia 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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Booktopia Group Cash-to-Debt Chart

Booktopia Group Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

1.37

1.05

0.28

0.01

Booktopia Group Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			0.13	0.28	0.03	0.01	0.03

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

For the Specialty Retail subindustry, Booktopia 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.

Booktopia Group's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Booktopia Group's Cash-to-Debt distribution charts can be found below:

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

Booktopia 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.

Booktopia 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)
	=	0.749	/	(15.296	+	40.387)
	=	0.01

Booktopia 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)
	=	1.57	/	(10.666	+	40.784)
	=	0.03

Booktopia Group (ASX:BKG) 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.

Booktopia Group Cash-to-Debt Related Terms

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Booktopia Group (ASX:BKG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Booktopia Group Ltd (ASX:BKG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1A Homebush Bay Drive, Level 6, Rhodes, NSW, AUS, 2138

Website

https://www.booktopia.com.au

Booktopia Group Ltd is an online book retailer. Its core business is the sale of physical books via its websites to Australian and New Zealand customers. The company also sells Ebooks, Audiobooks, DVDs, Stationery, Gifts, Magazines, and other products. The group operates in one segment being the sale and distribution of books and book-related products through its online platforms.

Booktopia Group (ASX:BKG) Headlines

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