Vision Marine Technologies (Vision Marine Technologies) Cash-to-Debt : 0.28 (As of Nov. 2023)

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What is Vision Marine Technologies 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. Vision Marine Technologies's cash to debt ratio for the quarter that ended in Nov. 2023 was 0.28.

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, Vision Marine Technologies couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

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

VMAR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28 Med: 1.64 Max: 49.57
Current: 0.28

During the past 6 years, Vision Marine Technologies's highest Cash to Debt Ratio was 49.57. The lowest was 0.28. And the median was 1.64.

VMAR's Cash-to-Debt is ranked worse than
66.85% of 1291 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs VMAR: 0.28

Vision Marine Technologies Cash-to-Debt Historical Data

The historical data trend for Vision Marine Technologies'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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Vision Marine Technologies Cash-to-Debt Chart

Vision Marine Technologies Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

Get a 7-Day Free Trial

1.03

5.99

2.20

1.08

Vision Marine Technologies Quarterly Data
	Aug18	Feb19	Aug19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial														0.58	1.08	0.45	1.08	0.28

Competitive Comparison of Vision Marine Technologies's Cash-to-Debt

For the Recreational Vehicles subindustry, Vision Marine Technologies'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.

Vision Marine Technologies's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Vision Marine Technologies's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Vision Marine Technologies's Cash-to-Debt falls into.

Vision Marine Technologies 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.

Vision Marine Technologies's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	2.492	/	(0.797	+	1.505)
	=	1.08

Vision Marine Technologies's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	0.614	/	(0.823	+	1.353)
	=	0.28

Vision Marine Technologies (NAS:VMAR) 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.

Vision Marine Technologies Cash-to-Debt Related Terms

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Vision Marine Technologies (Vision Marine Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vision Marine Technologies Inc (NAS:VMAR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

730 Boulevard du Cure-Boivin, Boisbriand, Montreal, QC, CAN, J7G 2A7

Website

https://www.visionmarinetechnologies.com

Vision Marine Technologies Inc is in the business of designing and manufacturing electric outboard powertrain systems, power boats, and related technology and the renting of electric boats. The different models of the powerboats and electric boats manufactured by the company includes, Bruce 22, Fantail 217, Volt 180 and others. The company operates in two reportable business segments; Sale of electric boats and Rental of electric boats. The majority of the revenue for the company is generated from its Rental of electric boats segment. Geographically, the company generates revenue from its business in Canada, USA and other countries. A substantial portion of the overall revenue is generated from its business in USA.