Coventry Group (Coventry Group) Cash-to-Debt : 0.04 (As of Dec. 2023)

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What is Coventry 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. Coventry Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.04.

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

CVTYF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.55 Max: No Debt
Current: 0.04

During the past 13 years, Coventry Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was 0.55.

CVTYF's Cash-to-Debt is ranked worse than
93.57% of 140 companies
in the Industrial Distribution industry
Industry Median: 0.575 vs CVTYF: 0.04

Coventry Group Cash-to-Debt Historical Data

The historical data trend for Coventry 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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Coventry Group Cash-to-Debt Chart

Coventry Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.57

0.12

0.11

0.15

0.04

Coventry Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.14	0.15	0.08	0.04	0.04

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

For the Industrial Distribution subindustry, Coventry 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.

Coventry Group's Cash-to-Debt Distribution in the Industrial Distribution Industry

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

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

Coventry 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.

Coventry 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)
	=	2.59	/	(33.838	+	36.581)
	=	0.04

Coventry 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)
	=	2.931	/	(35.6	+	37.229)
	=	0.04

Coventry Group (OTCPK:CVTYF) 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.

Coventry Group Cash-to-Debt Related Terms

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Coventry Group (Coventry Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Coventry Group Ltd (OTCPK:CVTYF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CYG:Australia

Address

235 Settlement Road, Thomastown, P.O. Box 526, Melbourne, VIC, AUS, 3074

Website

https://www.cgl.com.au

Coventry Group Ltd distributes and markets industrial products. The company operates through the following segments: Trade Distribution, and Fluid Systems. It generates maximum revenue from the Trade Distribution segment. The Trade Distribution segment includes the importation, distribution, and marketing of industrial fasteners, industrial hardware supplies and associated products and cabinet making hardware. Its Fluid Systems segment includes the design, manufacture, distribution, installation, and maintenance of lubrication and hydraulic fluid systems and hoses. Geographically, it derives a majority of revenue from Australia.

Coventry Group (Coventry Group) Headlines

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