Credit Clear (ASX:CCR) Cash-to-Debt : 2.38 (As of Dec. 2023)

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What is Credit Clear 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. Credit Clear's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.38.

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

ASX:CCR' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.53 Med: 8.6 Max: 17.93
Current: 2.38

During the past 4 years, Credit Clear's highest Cash to Debt Ratio was 17.93. The lowest was 1.53. And the median was 8.60.

ASX:CCR's Cash-to-Debt is ranked worse than
51.21% of 2800 companies
in the Software industry
Industry Median: 2.565 vs ASX:CCR: 2.38

Credit Clear Cash-to-Debt Historical Data

The historical data trend for Credit Clear'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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Credit Clear Cash-to-Debt Chart

Credit Clear Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

11.82

10.37

8.60

3.13

Credit Clear Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			17.93	8.60	1.53	3.13	2.38

Competitive Comparison of Credit Clear's Cash-to-Debt

For the Information Technology Services subindustry, Credit Clear'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.

Credit Clear's Cash-to-Debt Distribution in the Software Industry

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

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

Credit Clear 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.

Credit Clear'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)
	=	16.065	/	(1.032	+	4.106)
	=	3.13

Credit Clear'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)
	=	13.043	/	(1.766	+	3.71)
	=	2.38

Credit Clear (ASX:CCR) 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.

Credit Clear Cash-to-Debt Related Terms

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

Credit Clear (ASX:CCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Credit Clear Ltd (ASX:CCR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building 11, 41-43 Bourke Road, Alexandria, NSW, AUS, 2015

Website

https://www.creditclear.com.au

Credit Clear Ltd is engaged in the business of providing financial services. The company specializes in receivables management solutions. Its segments include Collections and Legal Services. The company generates maximum revenue from the Collections segment. Geographically, it derives a majority of its revenue from Australia.