Angling Direct (LSE:ANG) Cash-to-Debt : 1.36 (As of Jan. 2024)

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What is Angling Direct 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. Angling Direct's cash to debt ratio for the quarter that ended in Jan. 2024 was 1.36.

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, Angling Direct could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

The historical rank and industry rank for Angling Direct's Cash-to-Debt or its related term are showing as below:

LSE:ANG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.92 Max: 2.22
Current: 1.36

During the past 10 years, Angling Direct's highest Cash to Debt Ratio was 2.22. The lowest was 0.01. And the median was 0.92.

LSE:ANG's Cash-to-Debt is ranked better than
70.8% of 1096 companies
in the Retail - Cyclical industry
Industry Median: 0.46 vs LSE:ANG: 1.36

Angling Direct Cash-to-Debt Historical Data

The historical data trend for Angling Direct'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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Angling Direct Cash-to-Debt Chart

Angling Direct Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash-to-Debt

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0.62

1.47

1.50

1.22

1.36

Angling Direct Semi-Annual Data
	Jan15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial													1.50	1.58	1.22	1.55	1.36

Competitive Comparison of Angling Direct's Cash-to-Debt

For the Specialty Retail subindustry, Angling Direct'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.

Angling Direct's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Angling Direct's Cash-to-Debt distribution charts can be found below:

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

Angling Direct 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.

Angling Direct's Cash to Debt Ratio for the fiscal year that ended in Jan. 2024 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)
	=	15.765	/	(1.809	+	9.754)
	=	1.36

Angling Direct's Cash to Debt Ratio for the quarter that ended in Jan. 2024 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)
	=	15.765	/	(1.809	+	9.754)
	=	1.36

Angling Direct (LSE:ANG) 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.

Angling Direct Cash-to-Debt Related Terms

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Angling Direct (LSE:ANG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Angling Direct PLC (LSE:ANG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2D Wendover Road, Rackheath Industrial Estate, Rackheath, Norwich, Norfolk, GBR, NR13 6LH

Website

https://www.anglingdirect.co.uk

Angling Direct PLC is a United Kingdom-based fishing tackle retailer company. The company is engaged in the retail sale of sports goods, fishing gear, camping goods, boats, and bicycles. The company operates into two operating segments: Stores and Online. The company derives revenue from Retail store sales and E-commerce and also sells baits, additives, sunglasses, waders, boots, seat box accessories, buckets, rod pods, nets, indicators, reels, umbrellas, and other products and services. The company operates in the UK.

Angling Direct (LSE:ANG) Headlines

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