Frontier Transport Holdings (JSE:FTH) Cash-to-Debt : 3.58 (As of Sep. 2023)

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What is Frontier Transport Holdings 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. Frontier Transport Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 3.58.

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, Frontier Transport Holdings could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

JSE:FTH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 1 Max: 3.67
Current: 3.58

During the past 7 years, Frontier Transport Holdings's highest Cash to Debt Ratio was 3.67. The lowest was 0.18. And the median was 1.00.

JSE:FTH's Cash-to-Debt is ranked better than
83.42% of 953 companies
in the Transportation industry
Industry Median: 0.49 vs JSE:FTH: 3.58

Frontier Transport Holdings Cash-to-Debt Historical Data

The historical data trend for Frontier Transport Holdings'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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Frontier Transport Holdings Cash-to-Debt Chart

Frontier Transport Holdings Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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1.03

0.90

1.28

2.54

3.67

Frontier Transport Holdings Semi-Annual Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial									1.52	2.54	3.07	3.67	3.58

Competitive Comparison of Frontier Transport Holdings's Cash-to-Debt

For the Railroads subindustry, Frontier Transport Holdings'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.

Frontier Transport Holdings's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Frontier Transport Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Frontier Transport Holdings's Cash-to-Debt falls into.

Frontier Transport Holdings 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.

Frontier Transport Holdings's Cash to Debt Ratio for the fiscal year 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)
	=	678.621	/	(100.226	+	84.495)
	=	3.67

Frontier Transport Holdings's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	791.251	/	(79.025	+	141.8)
	=	3.58

Frontier Transport Holdings (JSE:FTH) 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.

Frontier Transport Holdings Cash-to-Debt Related Terms

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Frontier Transport Holdings (JSE:FTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Frontier Transport Holdings Ltd (JSE:FTH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

103 Bofors Circle, Epping Industria, Cape Town, WC, ZAF, 7460

Website

http://www.hplr.co.za

Frontier Transport Holdings Ltd, formerly Hosken Passenger Logistics And Rail Ltd through its subsidiary provide a scheduled commuter bus operator in the Cape Metropole. It is engaged in the provision of passenger transport services within South Africa. The company operates in the luxury and semi-luxury coach markets.

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