Pinewood Technologies Group (LSE:PINE) Cash-to-Debt : 0.62 (As of Jun. 2023)

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What is Pinewood Technologies 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. Pinewood Technologies Group's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.62.

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, Pinewood Technologies Group couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

LSE:PINE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.3 Max: 0.74
Current: 0.62

During the past 13 years, Pinewood Technologies Group's highest Cash to Debt Ratio was 0.74. The lowest was 0.12. And the median was 0.30.

LSE:PINE's Cash-to-Debt is ranked better than
51.55% of 1224 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs LSE:PINE: 0.62

Pinewood Technologies Group Cash-to-Debt Historical Data

The historical data trend for Pinewood Technologies 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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Pinewood Technologies Group Cash-to-Debt Chart

Pinewood Technologies Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.29

0.13

0.14

0.42

Pinewood Technologies Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															0.28	0.42	0.30	0.42	0.62

Competitive Comparison of Pinewood Technologies Group's Cash-to-Debt

For the Auto & Truck Dealerships subindustry, Pinewood Technologies 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.

Pinewood Technologies Group's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Pinewood Technologies Group's Cash-to-Debt distribution charts can be found below:

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

Pinewood Technologies 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.

Pinewood Technologies Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	171.9	/	(124.2	+	288.9)
	=	0.42

Pinewood Technologies Group's Cash to Debt Ratio for the quarter 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)
	=	271.9	/	(159.8	+	281.4)
	=	0.62

Pinewood Technologies Group (LSE:PINE) 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.

Pinewood Technologies Group Cash-to-Debt Related Terms

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Pinewood Technologies Group (LSE:PINE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Pinewood Technologies Group PLC (LSE:PINE) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

PDGNF:USA PDGl:UK

Address

2 Oakwood Court, Little Oak Drive, Loxley House, Annesley, Nottingham, GBR, NG15 0DR

Website

https://www.pendragonplc.com

Pendragon PLC sells leases and services used and new vehicles almost exclusively in the United Kingdom. Its operating segments include Car Store, which sells used vehicles; franchised motor, which sells and services vehicles in the U.K.; software, which licenses software to global automotive business users to make dealerships more efficient; and leasing, which provides fleet vehicles, contract hire for cars and vans, and US Motor. Its franchised motor segment generates the most revenue for the company.