Ventia Services Group (ASX:VNT) Cash-to-Debt : 0.39 (As of Dec. 2023)

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What is Ventia Services 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. Ventia Services Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.39.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Ventia Services Group couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:VNT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 0.32 Max: 0.39
Current: 0.39

During the past 3 years, Ventia Services Group's highest Cash to Debt Ratio was 0.39. The lowest was 0.20. And the median was 0.32.

ASX:VNT's Cash-to-Debt is ranked worse than
62.15% of 1675 companies
in the Construction industry
Industry Median: 0.63 vs ASX:VNT: 0.39

Ventia Services Group Cash-to-Debt Historical Data

The historical data trend for Ventia Services 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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Ventia Services Group Cash-to-Debt Chart

Ventia Services Group Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.20

0.32

0.39

Ventia Services Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	0.20	0.27	0.32	0.37	0.39

Competitive Comparison of Ventia Services Group's Cash-to-Debt

For the Infrastructure Operations subindustry, Ventia Services 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.

Ventia Services Group's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ventia Services Group's Cash-to-Debt distribution charts can be found below:

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

Ventia Services 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.

Ventia Services Group's Cash to Debt Ratio for the fiscal year 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)
	=	338.7	/	(46.2	+	833.1)
	=	0.39

Ventia Services 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)
	=	338.7	/	(46.2	+	833.1)
	=	0.39

Ventia Services Group (ASX:VNT) 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.

Ventia Services Group Cash-to-Debt Related Terms

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Ventia Services Group (ASX:VNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ventia Services Group Ltd (ASX:VNT) » Definitions » Cash-to-Debt

Traded in Other Exchanges

VNT:New Zealand

Address

80 Pacific Highway, Level 8, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.ventia.com

While Ventia is not the largest player with an estimated 7.5% share of addressable markets, it is a leading infrastructure maintenance services provider in Australia and New Zealand. Its capabilities span the full asset lifecycle including operations and maintenance, facilities management, minor capital works, environmental services, and other solutions. And its business model is favorably capital-light via flexing of a large contractor base complementing a deep pool of talented employees. Ventia has long-term relationships with a diverse range of public and private sector clients with many client relationships maintained for decades. Contracts are favorably long with an average five-year duration at inception and most containing some form of embedded price escalation.