1414 Degrees (ASX:14D) Cash-to-Debt : 5.27 (As of Dec. 2023)

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What is 1414 Degrees 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. 1414 Degrees's cash to debt ratio for the quarter that ended in Dec. 2023 was 5.27.

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, 1414 Degrees could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for 1414 Degrees's Cash-to-Debt or its related term are showing as below:

ASX:14D' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.38 Med: 4.51 Max: No Debt
Current: 5.27

During the past 5 years, 1414 Degrees's highest Cash to Debt Ratio was No Debt. The lowest was 1.38. And the median was 4.51.

ASX:14D's Cash-to-Debt is ranked better than
87.65% of 429 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.23 vs ASX:14D: 5.27

1414 Degrees Cash-to-Debt Historical Data

The historical data trend for 1414 Degrees'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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1414 Degrees Cash-to-Debt Chart

1414 Degrees Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

No Debt

1.68

3.63

8.12

8.58

1414 Degrees Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							2.34	8.12	3.76	8.58	5.27

Competitive Comparison of 1414 Degrees's Cash-to-Debt

For the Utilities - Independent Power Producers subindustry, 1414 Degrees'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.

1414 Degrees's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, 1414 Degrees's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where 1414 Degrees's Cash-to-Debt falls into.

1414 Degrees 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.

1414 Degrees's Cash to Debt Ratio for the fiscal year 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)
	=	1.948	/	(0.227	+	0)
	=	8.58

1414 Degrees's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	1.443	/	(0.274	+	0)
	=	5.27

1414 Degrees (ASX:14D) 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.

1414 Degrees Cash-to-Debt Related Terms

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1414 Degrees (ASX:14D) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » 1414 Degrees Ltd (ASX:14D) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

136 Daws Road, Melrose Park, Sydney, SA, AUS, 5039

Website

https://www.1414degrees.com.au

1414 Degrees Ltd is focused on storing and output of electric power. The company patented thermal energy storage system (TESS) storing energy as latent heat in running silicon. It delivers an output of heat and electricity is sourced from renewables or the grid and is stored as latent heat at a constant temperature. Geographically, it operates only in Australia.

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