SRT Marine Systems (LSE:SRT) Cash-to-Debt : 0.37 (As of Sep. 2023)

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What is SRT Marine Systems 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. SRT Marine Systems's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.37.

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, SRT Marine Systems 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 SRT Marine Systems's Cash-to-Debt or its related term are showing as below:

LSE:SRT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.62 Max: 2.65
Current: 0.37

During the past 13 years, SRT Marine Systems's highest Cash to Debt Ratio was 2.65. The lowest was 0.15. And the median was 0.62.

LSE:SRT's Cash-to-Debt is ranked worse than
79.23% of 2374 companies
in the Hardware industry
Industry Median: 1.34 vs LSE:SRT: 0.37

SRT Marine Systems Cash-to-Debt Historical Data

The historical data trend for SRT Marine Systems'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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SRT Marine Systems Cash-to-Debt Chart

SRT Marine Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.78

0.15

0.55

0.70

0.25

SRT Marine Systems Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	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															0.24	0.70	0.19	0.25	0.37

Competitive Comparison of SRT Marine Systems's Cash-to-Debt

For the Scientific & Technical Instruments subindustry, SRT Marine Systems'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.

SRT Marine Systems's Cash-to-Debt Distribution in the Hardware Industry

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

* The bar in red indicates where SRT Marine Systems's Cash-to-Debt falls into.

SRT Marine Systems 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.

SRT Marine Systems's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	2.182	/	(8.24	+	0.65)
	=	0.25

SRT Marine Systems'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)
	=	3.93	/	(9.941	+	0.638)
	=	0.37

SRT Marine Systems (LSE:SRT) 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.

SRT Marine Systems Cash-to-Debt Related Terms

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

SRT Marine Systems (LSE:SRT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » SRT Marine Systems PLC (LSE:SRT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

6S7:Germany

Address

Wireless House, Midsomer Norton, Westfield Industrial Estate, Bath, GBR, BA3 4BS

Website

http://www.srt-marine.com

SRT Marine Systems PLC develops and delivers advanced maritime domain awareness technologies, products, and systems, with expertise in Automatic Identification Systems. The company's major customers are system integrators, marine electronics companies, individual vessel operators, port owners and operators, and national authorities. The company currently operates in the following geographical markets: Europe, Middle East, North America, the United Kingdom, and others. The company has developed three core system products, VTS (ports, waterways, and infrastructure), VMS (Fisheries monitoring and management) and MDM (Coastal Surveillance) systems. Its largest end market by revenue is in the Middle East.