RM (LSE:RM.) Cash-to-Debt : 0.12 (As of Nov. 2023)

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What is RM 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. RM's cash to debt ratio for the quarter that ended in Nov. 2023 was 0.12.

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, RM couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

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

LSE:RM.' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.29 Max: No Debt
Current: 0.12

During the past 13 years, RM's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 0.29.

LSE:RM.'s Cash-to-Debt is ranked worse than
90.19% of 2802 companies
in the Software industry
Industry Median: 2.51 vs LSE:RM.: 0.12

RM Cash-to-Debt Historical Data

The historical data trend for RM'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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RM Cash-to-Debt Chart

RM Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

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0.27

0.82

0.08

0.03

0.12

RM Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															0.08	0.07	0.03	0.04	0.12

Competitive Comparison of RM's Cash-to-Debt

For the Software - Application subindustry, RM'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.

RM's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, RM's Cash-to-Debt distribution charts can be found below:

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

RM 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.

RM's Cash to Debt Ratio for the fiscal year that ended in Nov. 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)
	=	8.062	/	(2.194	+	67.948)
	=	0.11

RM's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	8.062	/	(2.194	+	67.948)
	=	0.11

RM (LSE:RM.) 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.

RM Cash-to-Debt Related Terms

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

RM (LSE:RM.) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » RM PLC (LSE:RM.) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

RMl:UK RM.GB:UK RMP1:Germany

Address

142B Park Drive, Milton Park, Milton, Abingdon, Oxfordshire, GBR, OX14 4SE

Website

https://www.rmplc.com

RM PLC provides resources, software, and services to the education sector. The company is structured into three operating divisions: RM Resources, RM Assessment, and RM Technology. The RM Resources division consists of the operating business of TTS. TTS provides education resources used in schools through a predominantly direct marketing business model. The RM Assessment business provides IT software and services to exam boards and professional bodies to allow e-assessment. RM Technology division focuses on supplying IT software and services to schools and colleges. Its primary geographic markets are the United Kingdom, Europe, North America, Asia, the Middle East, and the Rest of the world.

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