888 Holdings (888 Holdings) Cash-to-Debt : 0.15 (As of Dec. 2023)

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What is 888 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. 888 Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.15.

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, 888 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 888 Holdings's Cash-to-Debt or its related term are showing as below:

EIHDF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 5004.14 Max: No Debt
Current: 0.15

During the past 13 years, 888 Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.15. And the median was 5004.14.

EIHDF's Cash-to-Debt is ranked worse than
73.41% of 820 companies
in the Travel & Leisure industry
Industry Median: 0.585 vs EIHDF: 0.15

888 Holdings Cash-to-Debt Historical Data

The historical data trend for 888 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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888 Holdings Cash-to-Debt Chart

888 Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.80

3.44

8.27

0.18

0.15

888 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															8.27	15.76	0.18	0.18	0.15

Competitive Comparison of 888 Holdings's Cash-to-Debt

For the Gambling subindustry, 888 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.

888 Holdings's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, 888 Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where 888 Holdings's Cash-to-Debt falls into.

888 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.

888 Holdings's Cash to Debt Ratio for the fiscal year 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)
	=	324.304	/	(34.557	+	2178.987)
	=	0.15

888 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)
	=	324.304	/	(34.557	+	2178.987)
	=	0.15

888 Holdings (OTCPK:EIHDF) 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.

888 Holdings Cash-to-Debt Related Terms

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888 Holdings (888 Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » 888 Holdings PLC (OTCPK:EIHDF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

888l:UK 888.GB:UK 888:UK C8V:Germany

Address

Europort Road, Suite 601/701, Europort, GIB

Website

https://corporate.888.com

888 Holdings PLC is an online betting and gaming company. The company operates in three business segments; The Retail segment comprises all activity undertaken in LBOs including gaming machines, The UK Online segment comprises all online activity, including sports betting, casino, poker, and other gaming products along with telephone betting services that are incurred within the UK and Ireland, and The International segment comprises all online activity, including sports betting, casino, poker, and other gaming products along with telephone betting services that are incurred within all territories excluding the UK. It derives a majority of its revenue from the United Kingdom.

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