Emeco Holdings (ASX:EHL) Cash-to-Debt

: 0.18 (As of Dec. 2023)

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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. Emeco Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.18.

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, Emeco Holdings 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 Emeco Holdings's Cash-to-Debt or its related term are showing as below:

ASX:EHL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.12 Max: 0.37
Current: 0.18

During the past 13 years, Emeco Holdings's highest Cash to Debt Ratio was 0.37. The lowest was 0.04. And the median was 0.12.

ASX:EHL's Cash-to-Debt is ranked worse than
79.05% of 1069 companies
in the Business Services industry
Industry Median: 1 vs ASX:EHL: 0.18

Emeco Holdings Cash-to-Debt Historical Data

The historical data trend for Emeco 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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Emeco Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

0.08

0.32

0.25

0.20

0.15

Emeco Holdings 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																0.21	0.20	0.21	0.15	0.18

Competitive Comparison

For the Rental & Leasing Services subindustry, Emeco 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.

Emeco Holdings Cash-to-Debt Distribution

For the Business Services industry and Industrials sector, Emeco Holdings's Cash-to-Debt distribution charts can be found below:

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

Emeco 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.

Emeco Holdings'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)
	=	46.673	/	(23.746	+	298.901)
	=	0.14

Emeco Holdings'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)
	=	64.451	/	(51.115	+	303.421)
	=	0.18

Emeco Holdings (ASX:EHL) 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.

Emeco Holdings Cash-to-Debt Related Terms

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Emeco Holdings (ASX:EHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Emeco Holdings Ltd (ASX:EHL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

EOHDF:USA E3A:Germany

Address

133 Hasler Road, Level 3, Osborne Park, Perth, WA, AUS, 6017

Website

https://www.emecogroup.com

Emeco Holdings Ltd owns and operates a fleet of original equipment manufacturer machines to deliver equipment rental solutions. Its reportable segments are Australian Rental that provides a wide range of earthmoving equipment to customers in Australia, Australian Workshops which is engaged in providing maintenance services to customers in Australia and Pit N Portal which provides a range of mining services solutions and associated services to customers in Australia.. The company generates a majority of its revenue from the Australian Rental Segment. Geographically, it generates a majority of its revenue from Australia.

Emeco Holdings (ASX:EHL) Headlines

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