Transense Technologies (LSE:TRT) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Transense Technologies 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. Transense Technologies's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, Transense Technologies could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

LSE:TRT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.99 Med: No Debt Max: No Debt
Current: 36.33

During the past 13 years, Transense Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 0.99. And the median was No Debt.

LSE:TRT's Cash-to-Debt is ranked better than
92.05% of 1295 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs LSE:TRT: 36.33

Transense Technologies Cash-to-Debt Historical Data

The historical data trend for Transense Technologies'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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Transense Technologies Cash-to-Debt Chart

Transense Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.99

6.19

9.86

27.17

Transense Technologies Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															7.76	9.86	8.93	27.17	No Debt

Competitive Comparison of Transense Technologies's Cash-to-Debt

For the Auto Parts subindustry, Transense Technologies'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.

Transense Technologies's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Transense Technologies's Cash-to-Debt distribution charts can be found below:

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

Transense Technologies 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.

Transense Technologies's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	0.978	/	(0.036	+	0)
	=	27.17

Transense Technologies's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Transense Technologies had no debt ⁽¹⁾.

Transense Technologies (LSE:TRT) 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.

Transense Technologies Cash-to-Debt Related Terms

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Transense Technologies (LSE:TRT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Transense Technologies PLC (LSE:TRT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TRT.GB:UK

Address

1 Landscape Close, Weston-on-the Green, Bicester, Oxfordshire, GBR, OX25 3SX

Website

https://www.transense.com

Transense Technologies PLC is engaged in the provision of tyre management solutions. It develops, manufactures, and sells specialist Tyre probes and Transense tyre pressure monitoring technology (TPMS) monitoring solutions and associated technologies. The company development of non-contact batteryless sensors and their electronic interrogation systems for measuring pressure, temperature, and torque in automotive and non-automotive applications. Its operating segment includes SAW, Translogik, and iTrack royalties. The company generates maximum revenue from iTrack royalties segment. Geographically, it derives the majority of its revenue from Europe and has a presence in Chile; Australia; UK and North America; Japan, and the Rest of the World.