Scott Technology (NZSE:SCT) Cash-to-Debt : 0.22 (As of Feb. 2024)

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What is Scott Technology 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. Scott Technology's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.22.

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, Scott Technology couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

NZSE:SCT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.51 Max: 566.69
Current: 0.22

During the past 13 years, Scott Technology's highest Cash to Debt Ratio was 566.69. The lowest was 0.10. And the median was 0.51.

NZSE:SCT's Cash-to-Debt is ranked worse than
83.5% of 2994 companies
in the Industrial Products industry
Industry Median: 1.23 vs NZSE:SCT: 0.22

Scott Technology Cash-to-Debt Historical Data

The historical data trend for Scott Technology'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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Scott Technology Cash-to-Debt Chart

Scott Technology Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

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0.34

0.58

0.32

0.61

Scott Technology Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															0.37	0.32	1.00	0.61	0.22

Competitive Comparison of Scott Technology's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Scott Technology'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.

Scott Technology's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Scott Technology's Cash-to-Debt distribution charts can be found below:

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

Scott Technology 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.

Scott Technology's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	21.432	/	(13.96	+	20.926)
	=	0.61

Scott Technology's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	13.489	/	(37.693	+	24.617)
	=	0.22

Scott Technology (NZSE:SCT) 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.

Scott Technology Cash-to-Debt Related Terms

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Scott Technology (NZSE:SCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Scott Technology Ltd (NZSE:SCT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

630 Kaikorai Valley Road, Dunedin, OTA, NZL, 9011

Website

https://www.scottautomation.com

Scott Technology Ltd is a robotics and automation company. It designs and manufactures automated production, robotics, and process machinery. The firm provides products and solutions to the industries such as meat processing; industrial automation and robotics; appliances; mining; and others. Its business segments are New Zealand manufacturing, Australia manufacturing; Americas manufacturing; Europe manufacturing; and China manufacturing. Maximum revenue is generated from the Americas manufacturing segment. The group operates in New Zealand, North America, Australia, South America, Asia, Russia and former states, Africa and the Middle East, and Other Europe.