AFC Ajax NV (LTS:0DI7) Cash-to-Debt : 0.41 (As of Dec. 2023)

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What is AFC Ajax NV 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. AFC Ajax NV's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.41.

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, AFC Ajax NV couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

LTS:0DI7' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.29 Med: 1193.24 Max: No Debt
Current: 0.41

During the past 13 years, AFC Ajax NV's highest Cash to Debt Ratio was No Debt. The lowest was 0.29. And the median was 1193.24.

LTS:0DI7's Cash-to-Debt is ranked worse than
68.08% of 1040 companies
in the Media - Diversified industry
Industry Median: 1.28 vs LTS:0DI7: 0.41

AFC Ajax NV Cash-to-Debt Historical Data

The historical data trend for AFC Ajax NV'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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AFC Ajax NV Cash-to-Debt Chart

AFC Ajax NV Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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2,270.50

0.31

0.29

0.30

0.32

AFC Ajax NV 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															0.56	0.30	0.60	0.32	0.41

Competitive Comparison of AFC Ajax NV's Cash-to-Debt

For the Entertainment subindustry, AFC Ajax NV'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.

AFC Ajax NV's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, AFC Ajax NV's Cash-to-Debt distribution charts can be found below:

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

AFC Ajax NV 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.

AFC Ajax NV'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)
	=	33.696	/	(3.942	+	100.982)
	=	0.32

AFC Ajax NV's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	46.025	/	(6.068	+	105.339)
	=	0.41

AFC Ajax NV (LTS:0DI7) 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.

AFC Ajax NV Cash-to-Debt Related Terms

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AFC Ajax NV (LTS:0DI7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » AFC Ajax NV (LTS:0DI7) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AJAX:Netherlands AJXA:Germany

Address

29 Boulevard Arena, Zuildoost, Amsterdam, NLD, 1101 AX

Website

http://www.ajax.nl

AFC Ajax NV operates a football club. It also owns and operates a football stadium. The company through its online shop offers items such as football kits and training items. It derives revenue from selling television and merchandising rights and advertising.

AFC Ajax NV (LTS:0DI7) Headlines

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