Jayride Group (ASX:JAY) Cash-to-Debt : 2.83 (As of Dec. 2023)

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What is Jayride 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. Jayride Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.83.

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

(1) 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.

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

ASX:JAY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.44 Med: No Debt Max: No Debt
Current: 2.83

During the past 6 years, Jayride Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.44. And the median was No Debt.

ASX:JAY's Cash-to-Debt is ranked better than
72.82% of 824 companies
in the Travel & Leisure industry
Industry Median: 0.6 vs ASX:JAY: 2.83

Jayride Group Cash-to-Debt Historical Data

The historical data trend for Jayride 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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Jayride Group Cash-to-Debt Chart

Jayride Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.92

0.44

1.61

No Debt

Jayride Group Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								No Debt	No Debt	No Debt	No Debt	2.83

Competitive Comparison of Jayride Group's Cash-to-Debt

For the Travel Services subindustry, Jayride 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.

Jayride Group's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Jayride Group's Cash-to-Debt distribution charts can be found below:

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

Jayride 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.

Jayride Group's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Jayride Group had no debt ⁽¹⁾.

Jayride 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)
	=	1.214	/	(0.429	+	0)
	=	2.83

Jayride Group (ASX:JAY) 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.

Jayride Group Cash-to-Debt Related Terms

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

Jayride Group (ASX:JAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jayride Group Ltd (ASX:JAY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

11-17 York Street, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.jayride.com

Jayride Group Ltd operates as a transfer comparison site. It is an E-commerce marketplace where people can compare thousands of transfer companies and book a ride when it comes to travelling to an airport, hotel, residential address, tourist attraction or cruise ship terminal.

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