Halo Technologies Holdings (ASX:HAL) Cash-to-Debt : 198.51 (As of Dec. 2023)

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What is Halo Technologies 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. Halo Technologies Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 198.51.

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

ASX:HAL' s Cash-to-Debt Range Over the Past 10 Years
Min: 198.51 Med: 340.7 Max: No Debt
Current: 198.51

During the past 3 years, Halo Technologies Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 198.51. And the median was 340.70.

ASX:HAL's Cash-to-Debt is ranked better than
87.16% of 2718 companies
in the Software industry
Industry Median: 2.43 vs ASX:HAL: 198.51

Halo Technologies Holdings Cash-to-Debt Historical Data

The historical data trend for Halo Technologies 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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Halo Technologies Holdings Cash-to-Debt Chart

Halo Technologies Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

340.70

198.51

Halo Technologies Holdings Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	No Debt	340.70	No Debt	198.51

Competitive Comparison of Halo Technologies Holdings's Cash-to-Debt

For the Software - Application subindustry, Halo Technologies 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.

Halo Technologies Holdings's Cash-to-Debt Distribution in the Software Industry

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

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

Halo Technologies 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.

Halo Technologies 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)
	=	8.536	/	(0.043	+	0)
	=	198.51

Halo Technologies 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)
	=	8.536	/	(0.043	+	0)
	=	198.51

Halo Technologies Holdings (ASX:HAL) 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.

Halo Technologies Holdings Cash-to-Debt Related Terms

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Halo Technologies Holdings (ASX:HAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Halo Technologies Holdings Ltd (ASX:HAL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Barrack Street, Level 4, Sydney, NSW, AUS, 2000

Website

https://www.halo-technologies.com

Halo Technologies Holdings Ltd is a provider and developer of financial services and technology. Halo is an online global equities research and trade execution software solution that brings sophisticated institutional-grade analytical frameworks and market insights to everyday investors. Halo includes two distinct and integrated offerings in HALO global, designed for hands on investors who want professional grade tools without the cost, and HALO Trading which offers global trade execution capability and ready-made themed investment portfolios that are ideal for low-touch and values based investors and SMSFs.