Whitefield Industrials (ASX:WHF) Cash-to-Debt : 0.30 (As of Sep. 2023)

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What is Whitefield Industrials 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. Whitefield Industrials's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.30.

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, Whitefield Industrials couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

ASX:WHF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.2 Max: No Debt
Current: 0.3

During the past 13 years, Whitefield Industrials's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was 0.20.

ASX:WHF's Cash-to-Debt is ranked worse than
79.72% of 789 companies
in the Capital Markets industry
Industry Median: 1.76 vs ASX:WHF: 0.30

Whitefield Industrials Cash-to-Debt Historical Data

The historical data trend for Whitefield Industrials'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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Whitefield Industrials Cash-to-Debt Chart

Whitefield Industrials Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.20

1.61

0.19

0.23

0.21

Whitefield Industrials Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	0.23	0.18	0.21	0.30

Competitive Comparison of Whitefield Industrials's Cash-to-Debt

For the Capital Markets subindustry, Whitefield Industrials'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.

Whitefield Industrials's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Whitefield Industrials's Cash-to-Debt distribution charts can be found below:

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

Whitefield Industrials 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.

Whitefield Industrials's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	5.24	/	(0	+	25.206)
	=	0.21

Whitefield Industrials's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	7.636	/	(0	+	25.296)
	=	0.30

Whitefield Industrials (ASX:WHF) 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.

Whitefield Industrials Cash-to-Debt Related Terms

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

Whitefield Industrials (ASX:WHF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Whitefield Industrials Ltd (ASX:WHF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

WHFPB.PFD:Australia

Address

68 Pitt Street, Suite 16.01, Level 16, Sydney, NSW, AUS, 2000

Website

https://www.whitefield.com.au

Whitefield Industrials Ltd is an investment company. The company is engaged in investing in companies and trusts. It operates in one segment namely, the Securities industry. The company derives revenue from dividend income, interest income and the sale of its investment portfolio.