Eildon Capital Group (ASX:EDC) Cash-to-Debt : 161.30 (As of Dec. 2023)

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What is Eildon Capital 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. Eildon Capital Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 161.30.

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, Eildon Capital 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 Eildon Capital Group's Cash-to-Debt or its related term are showing as below:

ASX:EDC' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.38 Med: 5080.65 Max: No Debt
Current: 161.3

During the past 7 years, Eildon Capital Group's highest Cash to Debt Ratio was No Debt. The lowest was 4.38. And the median was 5080.65.

ASX:EDC's Cash-to-Debt is ranked better than
91.69% of 1792 companies
in the Real Estate industry
Industry Median: 0.26 vs ASX:EDC: 161.30

Eildon Capital Group Cash-to-Debt Historical Data

The historical data trend for Eildon Capital 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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Eildon Capital Group Cash-to-Debt Chart

Eildon Capital Group Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

38.95

40.50

56.27

Eildon Capital Group Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial									21.86	40.50	55.30	56.27	161.30

Competitive Comparison of Eildon Capital Group's Cash-to-Debt

For the Real Estate Services subindustry, Eildon Capital 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.

Eildon Capital Group's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Eildon Capital Group's Cash-to-Debt distribution charts can be found below:

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

Eildon Capital Group Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Eildon Capital Group's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	6.64	/	(0.085	+	0.033)
	=	56.27

Eildon Capital Group's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	12.259	/	(0.076	+	0)
	=	161.30

Eildon Capital Group (ASX:EDC) 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.

Eildon Capital Group Cash-to-Debt Related Terms

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Eildon Capital Group (ASX:EDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Eildon Capital Group (ASX:EDC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

330 Collins Street, Suite 4, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.eildoncapital.com

Eildon Capital Group is an Australia-based company that invests in the real estate sector. It invests in different sectors namely retail, industrial, residential, and commercial. The company's operating segment includes Direct Property Investment; Funds Management and Property Backed Lending. It generates maximum revenue from the Funds Management segment.