Raiz Invest (ASX:RZI) Cash-to-Debt : 23.92 (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Raiz Invest 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. Raiz Invest's cash to debt ratio for the quarter that ended in Dec. 2023 was 23.92.

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

ASX:RZI' s Cash-to-Debt Range Over the Past 10 Years
Min: 6.58 Med: 19.97 Max: No Debt
Current: 23.92

During the past 7 years, Raiz Invest's highest Cash to Debt Ratio was No Debt. The lowest was 6.58. And the median was 19.97.

ASX:RZI's Cash-to-Debt is ranked better than
73.48% of 792 companies
in the Capital Markets industry
Industry Median: 1.87 vs ASX:RZI: 23.92

Raiz Invest Cash-to-Debt Historical Data

The historical data trend for Raiz Invest'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.

* Premium members only.

Raiz Invest Cash-to-Debt Chart

Raiz Invest Annual Data

Trend

Dec17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

23.41

37.94

13.58

13.26

Raiz Invest Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							16.53	13.58	12.21	13.26	23.92

Competitive Comparison of Raiz Invest's Cash-to-Debt

For the Capital Markets subindustry, Raiz Invest'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.

Raiz Invest's Cash-to-Debt Distribution in the Capital Markets Industry

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

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

Raiz Invest Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

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

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	8.449	/	(0.49	+	0.147)
	=	13.26

Raiz Invest's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	8.468	/	(0.344	+	0.01)
	=	23.92

Raiz Invest (ASX:RZI) 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.

Raiz Invest Cash-to-Debt Related Terms

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

Raiz Invest (ASX:RZI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Raiz Invest Ltd (ASX:RZI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Bulletin Place, Level 11, Sydney, NSW, AUS, 2000

Website

https://www.raizinvest.com.au

Raiz Invest Ltd provides financial services and products through its mobile first micro-investing platform which offers its customers an easy way to regularly invest either small or large amounts of money using the Raiz mobile application or through the Raiz website in Australia, Indonesia, and Malaysia. The company's operating segment includes Raiz Invest Micro Investing Platform and Other Financial Services. It generates maximum revenue from the Raiz Invest Micro Investing Platform segment.

Raiz Invest (ASX:RZI) Headlines

No Headlines