ReadCloud (ASX:RCL) Cash-to-Debt : 7.66 (As of Sep. 2023)

View and export this data going back to 2018. Start your Free Trial

What is ReadCloud 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. ReadCloud's cash to debt ratio for the quarter that ended in Sep. 2023 was 7.66.

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

ASX:RCL' s Cash-to-Debt Range Over the Past 10 Years
Min: 6.46 Med: 10.69 Max: No Debt
Current: 7.66

During the past 7 years, ReadCloud's highest Cash to Debt Ratio was No Debt. The lowest was 6.46. And the median was 10.69.

ASX:RCL's Cash-to-Debt is ranked better than
63.93% of 2800 companies
in the Software industry
Industry Median: 2.45 vs ASX:RCL: 7.66

ReadCloud Cash-to-Debt Historical Data

The historical data trend for ReadCloud'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.

* Premium members only.

ReadCloud Cash-to-Debt Chart

ReadCloud Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Sep22

Sep23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

10.69

7.96

6.46

7.66

ReadCloud Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial						7.96	27.50	6.46	8.73	7.66

Competitive Comparison of ReadCloud's Cash-to-Debt

For the Software - Application subindustry, ReadCloud'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.

ReadCloud's Cash-to-Debt Distribution in the Software Industry

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

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

ReadCloud 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.

ReadCloud'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)
	=	1.709	/	(0.131	+	0.092)
	=	7.66

ReadCloud'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)
	=	1.709	/	(0.131	+	0.092)
	=	7.66

ReadCloud (ASX:RCL) 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.

ReadCloud Cash-to-Debt Related Terms

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

ReadCloud (ASX:RCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ReadCloud Ltd (ASX:RCL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

126 Church Street, Level 1, Brighton, VIC, AUS, 3186

Website

https://www.readcloud.com

ReadCloud Ltd is an education technology company that offers digital e-learning solutions to secondary schools. The firm operates in two segments: eBook solutions, which is the key revenue driver, and Vocational Education and Training (VET). It provides software solutions, including eBooks, to schools within Australia. In addition, it also provides digital VET course materials and services to schools through its subsidiary Australian Institute of Education and Training Unit Trust, PKY Media Pty Ltd and Ripponlea Institute Pty Ltd, which offers over 40 VET courses and services to schools across Australia.