AVADA Group (ASX:AVD) Cash-to-Debt : 0.10 (As of Dec. 2023)

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What is AVADA Group 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. AVADA Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.10.

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

ASX:AVD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.18 Max: 0.23
Current: 0.1

During the past 3 years, AVADA Group's highest Cash to Debt Ratio was 0.23. The lowest was 0.10. And the median was 0.18.

ASX:AVD's Cash-to-Debt is ranked worse than
85.6% of 1653 companies
in the Construction industry
Industry Median: 0.62 vs ASX:AVD: 0.10

AVADA Group Cash-to-Debt Historical Data

The historical data trend for AVADA Group'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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AVADA Group Cash-to-Debt Chart

AVADA Group Annual Data

Trend

Jun21

Jun22

Jun23

Cash-to-Debt

0.18

0.23

AVADA Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	0.20	0.18	0.12	0.23	0.10

Competitive Comparison of AVADA Group's Cash-to-Debt

For the Infrastructure Operations subindustry, AVADA Group'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.

AVADA Group's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, AVADA Group's Cash-to-Debt distribution charts can be found below:

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

AVADA Group 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.

AVADA Group'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)
	=	10.834	/	(4.059	+	42.602)
	=	0.23

AVADA Group'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)
	=	4.295	/	(5.328	+	39.437)
	=	0.10

AVADA Group (ASX:AVD) 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.

AVADA Group Cash-to-Debt Related Terms

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AVADA Group (ASX:AVD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AVADA Group Ltd (ASX:AVD) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

116 Ipswich Road, Suite 1, Level 2, Woolloongabba, QLD, AUS, 4102

Website

https://www.avadagroup.com.au

AVADA Group Ltd is an Australian traffic management operator and ancillary service provider with an established network throughout Queensland and New South Wales. The group has two reportable segments: Queensland Traffic Management and New South Wales Traffic Management. Queensland Traffic Management is the key revenue generator for the group. It provides services to government clients and major contractors in the civil infrastructure and maintenance sector.