Caravelle International Group (Caravelle International Group) Cash-to-Debt : 3.46 (As of Apr. 2023)

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What is Caravelle International 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. Caravelle International Group's cash to debt ratio for the quarter that ended in Apr. 2023 was 3.46.

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, Caravelle International Group could pay off its debt using the cash in hand for the quarter that ended in Apr. 2023.

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

CACO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.84 Med: 3.46 Max: 4.11
Current: 3.46

During the past 3 years, Caravelle International Group's highest Cash to Debt Ratio was 4.11. The lowest was 0.84. And the median was 3.46.

CACO's Cash-to-Debt is ranked better than
83.39% of 963 companies
in the Transportation industry
Industry Median: 0.48 vs CACO: 3.46

Caravelle International Group Cash-to-Debt Historical Data

The historical data trend for Caravelle International 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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Caravelle International Group Cash-to-Debt Chart

Caravelle International Group Annual Data

Trend

Oct20

Oct21

Oct22

Cash-to-Debt

0.84

0.96

3.84

Caravelle International Group Semi-Annual Data
	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Cash-to-Debt	Get a 7-Day Free Trial			N/A	0.96	4.11	3.84	3.46

Competitive Comparison of Caravelle International Group's Cash-to-Debt

For the Marine Shipping subindustry, Caravelle International 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.

Caravelle International Group's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Caravelle International Group's Cash-to-Debt distribution charts can be found below:

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

Caravelle International 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.

Caravelle International Group's Cash to Debt Ratio for the fiscal year that ended in Oct. 2022 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)
	=	21.572	/	(3.252	+	2.367)
	=	3.84

Caravelle International Group's Cash to Debt Ratio for the quarter that ended in Apr. 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)
	=	9.619	/	(0.291	+	2.491)
	=	3.46

Caravelle International Group (NAS:CACO) 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.

Caravelle International Group Cash-to-Debt Related Terms

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Caravelle International Group (Caravelle International Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Caravelle International Group (NAS:CACO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No. 06-17 Paya Lebar Square, Singapore, SGP, 409051

Website

http://www.caravelleglobal.com

Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company primarily derives freight revenue from voyage contracts and provides vessel service.