Maritime Launch Services (NEOE:MAXQ) Cash-to-Debt : 0.07 (As of Mar. 2024)

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What is Maritime Launch Services 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. Maritime Launch Services's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.07.

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, Maritime Launch Services couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

NEOE:MAXQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.39 Max: No Debt
Current: 0.07

During the past 5 years, Maritime Launch Services's highest Cash to Debt Ratio was No Debt. The lowest was 0.07. And the median was 0.39.

NEOE:MAXQ's Cash-to-Debt is ranked worse than
90.55% of 307 companies
in the Aerospace & Defense industry
Industry Median: 0.72 vs NEOE:MAXQ: 0.07

Maritime Launch Services Cash-to-Debt Historical Data

The historical data trend for Maritime Launch Services'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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Maritime Launch Services Cash-to-Debt Chart

Maritime Launch Services Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.54

0.39

0.15

Maritime Launch Services Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial											0.31	0.19	0.09	0.15	0.07

Competitive Comparison of Maritime Launch Services's Cash-to-Debt

For the Aerospace & Defense subindustry, Maritime Launch Services'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.

Maritime Launch Services's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Maritime Launch Services's Cash-to-Debt distribution charts can be found below:

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

Maritime Launch Services 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.

Maritime Launch Services's Cash to Debt Ratio for the fiscal year 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)
	=	1.397	/	(9.333	+	0.142)
	=	0.15

Maritime Launch Services's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	0.696	/	(10.215	+	0.159)
	=	0.07

Maritime Launch Services (NEOE:MAXQ) 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.

Maritime Launch Services Cash-to-Debt Related Terms

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Maritime Launch Services (NEOE:MAXQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Maritime Launch Services Inc (NEOE:MAXQ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MAXQF:USA

Address

1883 Upper Water Street, Suite 303, Halifax, NS, CAN, B3J 1S9

Website

https://www.maritimelaunch.com

Maritime Launch Services Inc is a commercial aerospace company responsible for developing Spaceport Nova Scotia, a satellite launching site for the commercial space transportation industry.

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