Enablence Technologies (TSXV:ENA) Cash-to-Debt : 0.13 (As of Sep. 2023)

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What is Enablence 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. Enablence Technologies's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.13.

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

TSXV:ENA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 3.81
Current: 0.13

During the past 13 years, Enablence Technologies's highest Cash to Debt Ratio was 3.81. The lowest was 0.00. And the median was 0.03.

TSXV:ENA's Cash-to-Debt is ranked worse than
92.8% of 2471 companies
in the Hardware industry
Industry Median: 1.35 vs TSXV:ENA: 0.13

Enablence Technologies Cash-to-Debt Historical Data

The historical data trend for Enablence 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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Enablence Technologies Cash-to-Debt Chart

Enablence Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

0.01

0.03

0.34

Enablence Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.03	0.02	0.02	0.34	0.13

Competitive Comparison of Enablence Technologies's Cash-to-Debt

For the Communication Equipment subindustry, Enablence 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.

Enablence Technologies's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Enablence Technologies's Cash-to-Debt distribution charts can be found below:

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

Enablence 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.

Enablence Technologies'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)
	=	5.605	/	(0.623	+	16.088)
	=	0.34

Enablence Technologies's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	2.183	/	(0.636	+	16.044)
	=	0.13

Enablence Technologies (TSXV:ENA) 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.

Enablence Technologies Cash-to-Debt Related Terms

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Enablence Technologies (TSXV:ENA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Enablence Technologies Inc (TSXV:ENA) » Definitions » Cash-to-Debt

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ENAFF:USA

Address

390 March Road, Suite 119, Ottawa, ON, CAN, K2K 0G7

Website

https://www.enablence.com

Enablence Technologies Inc is a company operating in an integrated optical products business. The company designs manufacture and sells optical components, primarily in the form of planar lightwave circuits on silicon-based chips. Its products are offered in telecommunications, aerospace, and bio-chemical sensing industries. Enablence products serve a global customer base, primarily focused on data centres and advanced vision end markets in which Enablence works with customers that have emerging market uses for its technology, including medical devices, automotive LiDAR and virtual and augmented reality headsets.

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