Redde Northgate (LSE:REDD) Cash-to-Debt : 0.04 (As of Oct. 2023)

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What is Redde Northgate 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. Redde Northgate's cash to debt ratio for the quarter that ended in Oct. 2023 was 0.04.

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, Redde Northgate couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

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

LSE:REDD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 0.15
Current: 0.04

During the past 13 years, Redde Northgate's highest Cash to Debt Ratio was 0.15. The lowest was 0.01. And the median was 0.06.

LSE:REDD's Cash-to-Debt is ranked worse than
93.4% of 1061 companies
in the Business Services industry
Industry Median: 1.01 vs LSE:REDD: 0.04

Redde Northgate Cash-to-Debt Historical Data

The historical data trend for Redde Northgate'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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Redde Northgate Cash-to-Debt Chart

Redde Northgate Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Cash-to-Debt

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0.08

0.11

0.02

0.04

0.02

Redde Northgate Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial															0.06	0.04	0.03	0.02	0.04

Competitive Comparison of Redde Northgate's Cash-to-Debt

For the Rental & Leasing Services subindustry, Redde Northgate'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.

Redde Northgate's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Redde Northgate's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Redde Northgate's Cash-to-Debt falls into.

Redde Northgate 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.

Redde Northgate's Cash to Debt Ratio for the fiscal year 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)
	=	14.122	/	(63.572	+	644.484)
	=	0.02

Redde Northgate's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	29.646	/	(79.618	+	705.06)
	=	0.04

Redde Northgate (LSE:REDD) 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.

Redde Northgate Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Redde Northgate's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Redde Northgate (LSE:REDD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Redde Northgate PLC (LSE:REDD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

REDDl:UK 21W:Germany

Address

Lingfield Way, Northgate Centre, Darlington, GBR, DL1 4PZ

Website

https://www.reddenorthgate.com

Redde Northgate PLC provides integrated mobility solutions to businesses and personal customers. These solutions comprise vehicle rental services, accident and incident management services, repair & maintenance services, vehicle disposal and other ancillary services to keep customers mobile. It is engaged in the group functions through the following segments: the Northgate UK&I, Northgate Spain, and Redde. The company generates maximum revenue from the Northgate UK&I segment. Geographically, the business presence of the firm is seen across the region of the UK, Spain, and the Republic of Ireland.

Redde Northgate (LSE:REDD) Headlines

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