Equity Story Group (ASX:EQS) Cash-to-Debt : 1.22 (As of Dec. 2023)

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What is Equity Story Group 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. Equity Story Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.22.

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

ASX:EQS' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.22 Med: 6.01 Max: 14.12
Current: 1.22

During the past 3 years, Equity Story Group's highest Cash to Debt Ratio was 14.12. The lowest was 1.22. And the median was 6.01.

ASX:EQS's Cash-to-Debt is ranked worse than
62.02% of 774 companies
in the Capital Markets industry
Industry Median: 2.245 vs ASX:EQS: 1.22

Equity Story Group Cash-to-Debt Historical Data

The historical data trend for Equity Story Group'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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Equity Story Group Cash-to-Debt Chart

Equity Story Group Annual Data

Trend

Jun21

Jun22

Jun23

Cash-to-Debt

270.11

14.12

3.26

Equity Story Group Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	14.12	8.76	3.26	1.22

Competitive Comparison of Equity Story Group's Cash-to-Debt

For the Capital Markets subindustry, Equity Story Group'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.

Equity Story Group's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Equity Story Group's Cash-to-Debt distribution charts can be found below:

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

Equity Story Group 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.

Equity Story Group'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)
	=	1.224	/	(0.088	+	0.288)
	=	3.26

Equity Story Group'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)
	=	1.292	/	(0	+	1.059)
	=	1.22

Equity Story Group (ASX:EQS) 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.

Equity Story Group Cash-to-Debt Related Terms

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