Nine Entertainment Co. Holdings (ASX:NEC) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Nine Entertainment Co. Holdings 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. Nine Entertainment Co. Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, Nine Entertainment Co. Holdings could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

The historical rank and industry rank for Nine Entertainment Co. Holdings's Cash-to-Debt or its related term are showing as below:

ASX:NEC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.23 Max: No Debt
Current: 0.13

During the past 10 years, Nine Entertainment Co. Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was 0.23.

ASX:NEC's Cash-to-Debt is ranked worse than
84.09% of 1037 companies
in the Media - Diversified industry
Industry Median: 1.25 vs ASX:NEC: 0.13

Nine Entertainment Co. Holdings Cash-to-Debt Historical Data

The historical data trend for Nine Entertainment Co. 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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Nine Entertainment Co. Holdings Cash-to-Debt Chart

Nine Entertainment Co. Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.50

0.22

0.20

0.18

0.12

Nine Entertainment Co. 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	Get a 7-Day Free Trial															0.24	0.18	No Debt	0.12	No Debt

Competitive Comparison of Nine Entertainment Co. Holdings's Cash-to-Debt

For the Entertainment subindustry, Nine Entertainment Co. 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.

Nine Entertainment Co. Holdings's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Nine Entertainment Co. Holdings's Cash-to-Debt distribution charts can be found below:

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

Nine Entertainment Co. 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.

Nine Entertainment Co. 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)
	=	119.676	/	(136.036	+	877.203)
	=	0.12

Nine Entertainment Co. Holdings's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Nine Entertainment Co. Holdings had no debt ⁽¹⁾.

Nine Entertainment Co. Holdings (ASX:NEC) 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.

Nine Entertainment Co. Holdings Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Nine Entertainment Co. Holdings's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Nine Entertainment Co. Holdings (ASX:NEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Nine Entertainment Co. Holdings Ltd (ASX:NEC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NEE:Germany

Address

1 Denison Street, Level 9, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.nineforbrands.com.au

Nine Entertainment operates Nine Network, a free-to-air TV network across five capital cities, as well as in regional Northern New South Wales and Darwin. It also owns 9Now, a leading broadcast video on demand operation in Australia. The merger with Fairfax combines Nine's top-ranked TV network and the second-largest newspaper group, topped with a collection of quality digital assets in Nine Digital, subscription video on demand operator Stan, and Fairfax's 60%-owned Domain. It ensures the merged entity remains prominent in the eyes of audiences and advertisers.

Nine Entertainment Co. Holdings (ASX:NEC) Headlines

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Nine Entertainment Co. Holdings (ASX:NEC) Cash-to-Debt : No Debt (1) (As of Dec. 2023)