Ondo InsurTech (LSE:ONDO) Cash-to-Debt : 0.08 (As of Sep. 2023)

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What is Ondo InsurTech 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. Ondo InsurTech's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.08.

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, Ondo InsurTech couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

LSE:ONDO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 5000.15 Max: No Debt
Current: 0.08

During the past 0 years, Ondo InsurTech's highest Cash to Debt Ratio was No Debt. The lowest was 0.08. And the median was 5000.15.

LSE:ONDO's Cash-to-Debt is ranked worse than
95.16% of 2374 companies
in the Hardware industry
Industry Median: 1.34 vs LSE:ONDO: 0.08

Ondo InsurTech Cash-to-Debt Historical Data

The historical data trend for Ondo InsurTech'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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Ondo InsurTech Cash-to-Debt Chart

Ondo InsurTech Annual Data

Trend

Cash-to-Debt

Ondo InsurTech Semi-Annual Data
	Aug21	Feb22	Aug22	Sep23
Cash-to-Debt	No Debt	No Debt	0.29	0.08

Competitive Comparison of Ondo InsurTech's Cash-to-Debt

For the Scientific & Technical Instruments subindustry, Ondo InsurTech'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.

Ondo InsurTech's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ondo InsurTech's Cash-to-Debt distribution charts can be found below:

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

Ondo InsurTech 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.

Ondo InsurTech's Cash to Debt Ratio for the fiscal year that ended in . 20 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Ondo InsurTech's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.492	/	(0	+	6.142)
	=	0.08

Ondo InsurTech (LSE:ONDO) 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.

Ondo InsurTech Cash-to-Debt Related Terms

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

Ondo InsurTech (LSE:ONDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ondo InsurTech PLC (LSE:ONDO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

1AI:Germany

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.ondoplc.com

Ondo InsurTech PLC is into the Insuretech business in the home insurance Industry. The company's Leakbot system comprises a self-install sensor that clips to a pipe and detects a leak anywhere on a main water system. The company derives revenue from water leak detection devices, water leak detection services, Repair services, and consultancy services. The company has a geographical presence in the UK, USA, and Europe. The company derives the majority of its revenue from the UK.

Ondo InsurTech (LSE:ONDO) Headlines

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