Lindblad Expeditions Holdings (Lindblad Expeditions Holdings) Cash-to-Debt : 0.25 (As of Dec. 2023)

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What is Lindblad Expeditions 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. Lindblad Expeditions Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.25.

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

LIND' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 0.52 Max: No Debt
Current: 0.25

During the past 13 years, Lindblad Expeditions Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.18. And the median was 0.52.

LIND's Cash-to-Debt is ranked worse than
63.69% of 818 companies
in the Travel & Leisure industry
Industry Median: 0.56 vs LIND: 0.25

Lindblad Expeditions Holdings Cash-to-Debt Historical Data

The historical data trend for Lindblad Expeditions 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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Lindblad Expeditions Holdings Cash-to-Debt Chart

Lindblad Expeditions Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.45

0.38

0.27

0.18

0.25

Lindblad Expeditions Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.18	0.15	0.23	0.27	0.25

Competitive Comparison of Lindblad Expeditions Holdings's Cash-to-Debt

For the Travel Services subindustry, Lindblad Expeditions 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.

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

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

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

Lindblad Expeditions 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.

Lindblad Expeditions 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)
	=	156.845	/	(1.97	+	621.778)
	=	0.25

Lindblad Expeditions 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)
	=	156.845	/	(1.97	+	621.778)
	=	0.25

Lindblad Expeditions Holdings (NAS:LIND) 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.

Lindblad Expeditions Holdings Cash-to-Debt Related Terms

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Lindblad Expeditions Holdings (Lindblad Expeditions Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Lindblad Expeditions Holdings Inc (NAS:LIND) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LI4:Germany

Address

96 Morton Street, 9th Floor, New York, NY, USA, 10014

Website

https://www.expeditions.com

Lindblad Expeditions Holdings Inc provides expedition cruising and adventure travel services. The company operates in two segments: Lindblad and Land Experiences, of which Lindblad generates the vast majority of its revenue. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest empowerment and interactivity. The company operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions. Lindblad operates a fleet of nine owned expedition ships and five seasonal charter vessels under the Lindblad brand.

Executives

Alex P Schultz	director	C/O LINDBLAD EXPEDITIONS HOLDING, INC., 96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
Smith, Jr. Thomas S.	director	2 PENN PLAZA, NEW YORK NY 10121
Fahey John M Jr	director	C/O NATINAL GEOGRAPHIC, 1146 17TH STREET NW, WASHINTON DC 20036
Catherine B Reynolds	director	PO BOX 9870, MCLEAN VA 22102
L. Dyson Dryden	director	305 WEST PENNSYLVANIA AVENUE, TOWSON MD 21204
Michael Elliott Bisnow	director	C/O LINDBLAD EXPEDITIONS HOLDING, INC., 96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
Sven-olof Lindblad	director, 10 percent owner	96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
Bernard W Aronson	director
Mark Ein	director
Noah Brodsky	officer: Chief Commercial Officer	C/O WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054
Dolf A Berle	director, officer: CEO	2481 MANANA DRIVE, DALLAS TX 75220
Benjamin Bressler	officer: President of Natural Habitat	833 WEST SOUTH BOULDER ROAD, BLDG G, LOUISVILLE CO 80027-2452
Trey Byus	officer: Chief Expedition Officer	96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
Craig Felenstein	officer: Chief Financial Officer	96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
David Goodman	officer: Chief Commercial and Marketing	1334 YORK AVENUE, NEW YORK X1 10021