Doric Nimrod Air Two (LSE:DNA2) Cash-to-Debt : 6.18 (As of Sep. 2023)

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What is Doric Nimrod Air Two 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. Doric Nimrod Air Two's cash to debt ratio for the quarter that ended in Sep. 2023 was 6.18.

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, Doric Nimrod Air Two 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 Doric Nimrod Air Two's Cash-to-Debt or its related term are showing as below:

LSE:DNA2' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.11 Max: 6.18
Current: 6.18

During the past 12 years, Doric Nimrod Air Two's highest Cash to Debt Ratio was 6.18. The lowest was 0.04. And the median was 0.11.

LSE:DNA2's Cash-to-Debt is ranked better than
76.06% of 1061 companies
in the Business Services industry
Industry Median: 1.01 vs LSE:DNA2: 6.18

Doric Nimrod Air Two Cash-to-Debt Historical Data

The historical data trend for Doric Nimrod Air Two'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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Doric Nimrod Air Two Cash-to-Debt Chart

Doric Nimrod Air Two Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.09

0.12

0.21

0.40

3.08

Doric Nimrod Air Two Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial														0.29	0.40	0.64	3.08	6.18

Competitive Comparison of Doric Nimrod Air Two's Cash-to-Debt

For the Rental & Leasing Services subindustry, Doric Nimrod Air Two'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.

Doric Nimrod Air Two's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Doric Nimrod Air Two's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Doric Nimrod Air Two's Cash-to-Debt falls into.

Doric Nimrod Air Two 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.

Doric Nimrod Air Two's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	30.187	/	(0	+	9.793)
	=	3.08

Doric Nimrod Air Two's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	33.399	/	(0	+	5.403)
	=	6.18

Doric Nimrod Air Two (LSE:DNA2) 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.

Doric Nimrod Air Two Cash-to-Debt Related Terms

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Doric Nimrod Air Two (LSE:DNA2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Doric Nimrod Air Two Ltd (LSE:DNA2) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dorey Court, Admiral Park, PO Box 156, Saint Peter Port, GGY, GY1 2HT

Website

http://www.dnairtwo.com

Doric Nimrod Air Two Ltd is a Guernsey-domiciled company. Its investment objective is to obtain income returns and a capital return for its shareholders by acquiring, leasing, and then selling aircraft. The company has seven Airbus A380-861 aircraft all of which are on long-term leases with Emirates Airlines. The Group is engaged in a single segment of business, acquiring, leasing and then selling of Aircraft.

Doric Nimrod Air Two (LSE:DNA2) Headlines

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