Corporate Travel Management (ASX:CTD) Cash-to-Debt : 3.20 (As of Dec. 2023)

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What is Corporate Travel Management 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. Corporate Travel Management's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.20.

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, Corporate Travel Management 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 Corporate Travel Management's Cash-to-Debt or its related term are showing as below:

ASX:CTD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.94 Med: 2.41 Max: No Debt
Current: 3.2

During the past 13 years, Corporate Travel Management's highest Cash to Debt Ratio was No Debt. The lowest was 0.94. And the median was 2.41.

ASX:CTD's Cash-to-Debt is ranked better than
73.96% of 818 companies
in the Travel & Leisure industry
Industry Median: 0.56 vs ASX:CTD: 3.20

Corporate Travel Management Cash-to-Debt Historical Data

The historical data trend for Corporate Travel Management'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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Corporate Travel Management Cash-to-Debt Chart

Corporate Travel Management Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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3.53

1.75

2.14

2.94

3.93

Corporate Travel Management Semi-Annual Data
	Jun14	Dec14	Jun15	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															4.45	2.94	2.44	3.93	3.20

Competitive Comparison of Corporate Travel Management's Cash-to-Debt

For the Travel Services subindustry, Corporate Travel Management'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.

Corporate Travel Management's Cash-to-Debt Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Corporate Travel Management's Cash-to-Debt falls into.

Corporate Travel Management 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.

Corporate Travel Management'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)
	=	150.985	/	(10.164	+	28.245)
	=	3.93

Corporate Travel Management'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)
	=	131.342	/	(10.105	+	30.895)
	=	3.20

Corporate Travel Management (ASX:CTD) 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.

Corporate Travel Management Cash-to-Debt Related Terms

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Corporate Travel Management (ASX:CTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Corporate Travel Management Ltd (ASX:CTD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

1C6:Germany

Address

307 Queen Street, Level 24, Brisbane, QLD, AUS, 4000

Website

https://www.travelctm.com

Corporate Travel Management provides travel services for business and government clients across the Americas, Australia and New Zealand, Europe, and Asia. The company has built scale and breadth through both organic growth and acquisitions. As of 2022, Corporate Travel is the world's fourth-largest corporate travel management company based with pro forma, pre-COVID-19 total transaction volumes of AUD 11 billion, but it remains a relative minnow in the highly fragmented USD 1.5 trillion global market. The group offers expertise and personalized service to corporate clients spanning various industries such as government, healthcare, mining, energy, infrastructure, and construction. Before the pandemic, more than 60% of the group's client travel was domestic (within country) in nature.

Corporate Travel Management (ASX:CTD) Headlines

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