REACT Group (LSE:REAT) Cash-to-Debt : 2.35 (As of Sep. 2023)

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What is REACT 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. REACT Group's cash to debt ratio for the quarter that ended in Sep. 2023 was 2.35.

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, REACT Group could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

LSE:REAT' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.41 Med: No Debt Max: No Debt
Current: 2.35

During the past 13 years, REACT Group's highest Cash to Debt Ratio was No Debt. The lowest was 1.41. And the median was No Debt.

LSE:REAT's Cash-to-Debt is ranked better than
62.79% of 1048 companies
in the Business Services industry
Industry Median: 0.99 vs LSE:REAT: 2.35

REACT Group Cash-to-Debt Historical Data

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

REACT Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

41.47

3.72

1.41

2.35

REACT Group Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															3.72	-0.57	1.41	0.66	2.35

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

For the Specialty Business Services subindustry, REACT 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.

REACT Group's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, REACT Group's Cash-to-Debt distribution charts can be found below:

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

REACT 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.

REACT Group's Cash to Debt Ratio for the fiscal year 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)
	=	2.12	/	(0.201	+	0.703)
	=	2.35

REACT Group'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)
	=	2.12	/	(0.201	+	0.703)
	=	2.35

REACT Group (LSE:REAT) 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.

REACT Group Cash-to-Debt Related Terms

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REACT Group (LSE:REAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » REACT Group PLC (LSE:REAT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Holly House, Shady Lane, Birmingham, GBR, B44 9ER

Website

https://www.reactplc.co.uk

REACT Group PLC is engaged in providing cleaning, decontamination, and hygiene sector, including both contracted commercial cleaning and specialist emergency decontamination work. Its objective is to maintain and/or rapidly return its customers' property to safe, clean, operational use and do this through regular specialist cleaning and/or emergency response to potentially harmful incidents. The business operates through three divisions; commercial windows & cladding, hygiene & maintenance, and, emergency & decontamination. It has three operating segments; Contract Maintenance, Contract Reactive, and Ad Hoc work, out of which a majority of the revenue is generated from the contract maintenance segment.

REACT Group (LSE:REAT) Headlines

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