Zoom2u Technologies (ASX:Z2U) Cash-to-Debt : 0.71 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Zoom2u 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. Zoom2u Technologies's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.71.

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, Zoom2u Technologies 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 Zoom2u Technologies's Cash-to-Debt or its related term are showing as below:

ASX:Z2U' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.71 Med: 47.27 Max: 157.74
Current: 0.71

During the past 2 years, Zoom2u Technologies's highest Cash to Debt Ratio was 157.74. The lowest was 0.71. And the median was 47.27.

ASX:Z2U's Cash-to-Debt is ranked worse than
70.4% of 2723 companies
in the Software industry
Industry Median: 2.49 vs ASX:Z2U: 0.71

Zoom2u Technologies Cash-to-Debt Historical Data

The historical data trend for Zoom2u 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.

* Premium members only.

Zoom2u Technologies Cash-to-Debt Chart

Zoom2u Technologies Annual Data

Trend

Jun22

Jun23

Cash-to-Debt

157.74

1.13

Zoom2u Technologies Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			98.15	157.74	1.54	1.13	0.71

Competitive Comparison of Zoom2u Technologies's Cash-to-Debt

For the Software - Application subindustry, Zoom2u 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.

Zoom2u Technologies's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Zoom2u Technologies's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Zoom2u Technologies's Cash-to-Debt falls into.

Zoom2u 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.

Zoom2u 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)
	=	3.854	/	(0.007	+	3.394)
	=	1.13

Zoom2u Technologies'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)
	=	2.576	/	(0.138	+	3.496)
	=	0.71

Zoom2u Technologies (ASX:Z2U) 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.

Zoom2u Technologies Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Zoom2u Technologies's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Zoom2u Technologies (ASX:Z2U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Zoom2u Technologies Ltd (ASX:Z2U) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Miller Street, Level 4, Suite 4.11, Pyrmont, Sydney, NSW, AUS, 2009

Website

https://www.zoom2u.com.au

Zoom2u Technologies Ltd is a holding company and has four wholly owned subsidiaries namely Zoom2u, Locate2u, Locate IP and 2u Enterprises. Zoom2u operates the platform and the marketplace; Locate2u offers clients a Software as a service product for delivery and services businesses to manage bookings, optimize routes, track their team (GPS Tracking) and share their live locations with their customers; Locate IP employs software developers, and 2u Enterprises operates Shred2u and markets ad hoc ecommerce web development services and bespoke distribution operations.

Zoom2u Technologies (ASX:Z2U) Headlines

No Headlines