Tonner Drones (XPAR:ALTD) Cash-to-Debt : 0.10 (As of Dec. 2022)

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What is Tonner Drones 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. Tonner Drones's cash to debt ratio for the quarter that ended in Dec. 2022 was 0.10.

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, Tonner Drones couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

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

XPAR:ALTD's Cash-to-Debt is not ranked ^*
in the Aerospace & Defense industry.
Industry Median: 0.705
* Ranked among companies with meaningful Cash-to-Debt only.

Tonner Drones Cash-to-Debt Historical Data

The historical data trend for Tonner Drones'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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Tonner Drones Cash-to-Debt Chart

Tonner Drones Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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1.30

1.03

2.25

0.30

0.10

Tonner Drones Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Cash-to-Debt	Get a 7-Day Free Trial														2.25	0.97	0.30	0.50	0.10

Competitive Comparison of Tonner Drones's Cash-to-Debt

For the Aerospace & Defense subindustry, Tonner Drones'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.

Tonner Drones's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Tonner Drones's Cash-to-Debt distribution charts can be found below:

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

Tonner Drones 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.

Tonner Drones'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)
	=	0.781	/	(0.975	+	6.53)
	=	0.10

Tonner Drones's Cash to Debt Ratio for the quarter 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)
	=	0.781	/	(0.975	+	6.53)
	=	0.10

Tonner Drones (XPAR:ALTD) 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.

Tonner Drones Cash-to-Debt Related Terms

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Tonner Drones (XPAR:ALTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Tonner Drones SA (XPAR:ALTD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

1DD:Germany

Address

12 Rue Ampère, Cémoi – Bâtiment A, Grenoble, FRA, 38000

Website

https://www.tonnerdrones.com

Tonner Drones SA is engaged in the developing and marketing of security and surveillance solutions intended for the military field as well as private and public security: the ISS SPOTTER Wired captive surveillance drone, the automatic drone for surveillance of sensitive sites ISS SPOTTER Automatic or even trailers SPOTTER BOT mobile video security systems.

Tonner Drones (XPAR:ALTD) Headlines

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