Pointsbet Holdings (Pointsbet Holdings) Cash-to-Debt : 20.38 (As of Dec. 2023)

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What is Pointsbet 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. Pointsbet Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 20.38.

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

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

PBTHF' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.53 Med: 23.73 Max: No Debt
Current: 20.38

During the past 5 years, Pointsbet Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 4.53. And the median was 23.73.

PBTHF's Cash-to-Debt is ranked better than
85.57% of 818 companies
in the Travel & Leisure industry
Industry Median: 0.56 vs PBTHF: 20.38

Pointsbet Holdings Cash-to-Debt Historical Data

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

Pointsbet Holdings Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

No Debt

15.96

23.73

29.36

154.00

Pointsbet Holdings Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial						160.56	29.36	23.49	154.00	20.38

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

For the Gambling subindustry, Pointsbet 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.

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

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

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

Pointsbet 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.

Pointsbet 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)
	=	371.136	/	(0.899	+	1.511)
	=	154.00

Pointsbet 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)
	=	40.956	/	(0.586	+	1.424)
	=	20.38

Pointsbet Holdings (OTCPK:PBTHF) 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.

Pointsbet Holdings Cash-to-Debt Related Terms

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Pointsbet Holdings (Pointsbet Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Pointsbet Holdings Ltd (OTCPK:PBTHF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PBH:Australia

Address

165 Cremorne Street, Level 2, Cremorne, VIC, AUS, 3121

Website

https://www.pointsbet.com.au

Pointsbet Holdings Ltd is a licensed corporate bookmaker with operations in Australia and the United States. PointsBet has developed a scalable cloud-based wagering platform through which it offers its clients sports and racing wagering products. PointsBet's product offering includes Fixed Odds Sports, Fixed Odds Racing, PointsBetting and iGaming. The company had been appointed as an Official Sports Betting Partner of the NHL. Its reportable segments consist of Australian Trading, Technology and Canada Trading. The company derives revenue from the Australia segment which includes revenue from sports and race betting services provided to Australian customers.