Airtasker (ASX:ART) Cash-to-Debt : 5.44 (As of Dec. 2023)

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What is Airtasker 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. Airtasker's cash to debt ratio for the quarter that ended in Dec. 2023 was 5.44.

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

ASX:ART' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.69 Med: 17.68 Max: 172.45
Current: 5.44

During the past 3 years, Airtasker's highest Cash to Debt Ratio was 172.45. The lowest was 4.69. And the median was 17.68.

ASX:ART's Cash-to-Debt is ranked better than
52.13% of 587 companies
in the Interactive Media industry
Industry Median: 4.63 vs ASX:ART: 5.44

Airtasker Cash-to-Debt Historical Data

The historical data trend for Airtasker'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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Airtasker Cash-to-Debt Chart

Airtasker Annual Data

Trend

Jun21

Jun22

Jun23

Cash-to-Debt

108.66

17.68

4.69

Airtasker Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			172.45	17.68	5.53	4.69	5.44

Competitive Comparison of Airtasker's Cash-to-Debt

For the Internet Content & Information subindustry, Airtasker'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.

Airtasker's Cash-to-Debt Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Airtasker's Cash-to-Debt distribution charts can be found below:

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

Airtasker 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.

Airtasker'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)
	=	17.085	/	(0.987	+	2.659)
	=	4.69

Airtasker'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)
	=	17.194	/	(1.032	+	2.128)
	=	5.44

Airtasker (ASX:ART) 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.

Airtasker Cash-to-Debt Related Terms

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

Airtasker (ASX:ART) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Airtasker Ltd (ASX:ART) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

24-28 Campbell Street, Level 6, Haymarket, NSW, AUS, 2000

Website

https://www.airtasker.com

Airtasker Ltd is a community platform that connects people who need to outsource tasks and find local services, with people who are looking to earn money and ready to work. It helps to complete home cleaning, handyman jobs, admin work, photography, graphic design or even build a website. The company generates revenue from service fees and stored value brokerage.

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