Gowing Bros (ASX:GOW) Cash-to-Debt : 0.23 (As of Jan. 2024)

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What is Gowing Bros 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. Gowing Bros's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.23.

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, Gowing Bros couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

ASX:GOW' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.19 Max: 0.53
Current: 0.23

During the past 13 years, Gowing Bros's highest Cash to Debt Ratio was 0.53. The lowest was 0.04. And the median was 0.19.

ASX:GOW's Cash-to-Debt is ranked worse than
75.8% of 1475 companies
in the Asset Management industry
Industry Median: 5.53 vs ASX:GOW: 0.23

Gowing Bros Cash-to-Debt Historical Data

The historical data trend for Gowing Bros'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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Gowing Bros Cash-to-Debt Chart

Gowing Bros Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

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0.10

0.21

0.32

0.14

0.18

Gowing Bros Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															0.29	0.14	0.11	0.18	0.23

Competitive Comparison of Gowing Bros's Cash-to-Debt

For the Asset Management subindustry, Gowing Bros'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.

Gowing Bros's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Gowing Bros's Cash-to-Debt distribution charts can be found below:

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

Gowing Bros 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.

Gowing Bros's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	17.394	/	(1.831	+	94.869)
	=	0.18

Gowing Bros's Cash to Debt Ratio for the quarter that ended in Jan. 2024 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)
	=	22.379	/	(0.621	+	96.549)
	=	0.23

Gowing Bros (ASX:GOW) 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.

Gowing Bros Cash-to-Debt Related Terms

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Gowing Bros (ASX:GOW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Gowing Bros Ltd (ASX:GOW) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

35-61 Harbour Drive, Suite 303, Coffs Harbour, NSW, AUS, 2450

Website

https://www.gowings.com

Gowing Bros Ltd operates as an investment and wealth management company in Australia. Its operating segments include Cash & fixed interest, Equities, Private equities, Investment properties, Development properties, Surf Hardware International business, and others. The company generates majority of its revenue from Surf Hardware International business. Its geographical segments include Australia, the United States, Japan, and Europe.

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