Galaxy Next Generation (Galaxy Next Generation) Cash-to-Debt : 0.02 (As of Mar. 2023)

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What is Galaxy Next Generation 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. Galaxy Next Generation's cash to debt ratio for the quarter that ended in Mar. 2023 was 0.02.

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, Galaxy Next Generation couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

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

GAXYQ's Cash-to-Debt is not ranked ^*
in the Hardware industry.
Industry Median: 1.34
* Ranked among companies with meaningful Cash-to-Debt only.

Galaxy Next Generation Cash-to-Debt Historical Data

The historical data trend for Galaxy Next Generation'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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Galaxy Next Generation Cash-to-Debt Chart

Galaxy Next Generation Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Jun19

Jun20

Jun21

Jun22

Cash-to-Debt

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0.01

0.04

0.06

0.10

0.06

Galaxy Next Generation Quarterly Data
	Mar18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Cash-to-Debt	Get a 7-Day Free Trial															0.13	0.06	0.03	-	0.02

Competitive Comparison of Galaxy Next Generation's Cash-to-Debt

For the Consumer Electronics subindustry, Galaxy Next Generation'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.

Galaxy Next Generation's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Galaxy Next Generation's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Galaxy Next Generation's Cash-to-Debt falls into.

Galaxy Next Generation 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.

Galaxy Next Generation's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	0.301	/	(4.054	+	0.836)
	=	0.06

Galaxy Next Generation's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	0.17	/	(4.233	+	2.762)
	=	0.02

Galaxy Next Generation (OTCPK:GAXYQ) 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.

Galaxy Next Generation Cash-to-Debt Related Terms

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Galaxy Next Generation (Galaxy Next Generation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Galaxy Next Generation Inc (OTCPK:GAXYQ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

286 Big A Road, Toccoa, GA, USA, 30577

Website

https://www.galaxynext.us

Galaxy Next Generation Inc is a distributor of interactive learning technology hardware and software that allows the presenter and participant to engage in a fully collaborative instructional environment. Its products include its own private-label interactive touch screen panel as well as numerous other national and international branded peripheral and communication devices.

Executives

Magen Mcgahee	director, 10 percent owner, officer: COO	C/O GALAXY NEXT GENERATION, INC., 285 N. BIG A ROAD, TOCCOA GA 30577
Gary Lecroy	director, 10 percent owner, officer: CEO	385 BIG A ROAD, TOCCA GA 30557
Keith Watson	10 percent owner	188 WHIPPOORWILL LANE, TOCCOA GA GA 30577
Watson Kevin Collier	10 percent owner	5086 HWY. 1]84 NORTH, TOCCOA GA GA 30577