Ryde Group (Ryde Group) Cash-to-Debt : 0.33 (As of Dec. 2023)

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What is Ryde Group 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. Ryde Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.33.

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, Ryde Group 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 Ryde Group's Cash-to-Debt or its related term are showing as below:

RYDE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.33 Med: 0.4 Max: 5.26
Current: 0.33

During the past 3 years, Ryde Group's highest Cash to Debt Ratio was 5.26. The lowest was 0.33. And the median was 0.40.

RYDE's Cash-to-Debt is ranked worse than
80.28% of 2723 companies
in the Software industry
Industry Median: 2.49 vs RYDE: 0.33

Ryde Group Cash-to-Debt Historical Data

The historical data trend for Ryde Group'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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Ryde Group Cash-to-Debt Chart

Ryde Group Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

5.26

0.40

0.33

Ryde Group Semi-Annual Data
	Dec21	Dec22	Dec23
Cash-to-Debt	5.26	0.40	0.33

Competitive Comparison of Ryde Group's Cash-to-Debt

For the Software - Application subindustry, Ryde Group'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.

Ryde Group's Cash-to-Debt Distribution in the Software Industry

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

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

Ryde Group 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.

Ryde Group'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)
	=	1.272	/	(3.905	+	0)
	=	0.33

Ryde Group'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)
	=	1.272	/	(3.905	+	0)
	=	0.33

Ryde Group (AMEX:RYDE) 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.

Ryde Group Cash-to-Debt Related Terms

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Ryde Group (Ryde Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ryde Group Ltd (AMEX:RYDE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 08-21, Duo Tower, 3 Fraser Street, Singapore, SGP, 189352

Website

https://www.rydesharing.com

Ryde Group Ltd is a company providing an super mobility app offering ultimate convenience and reliability for their customers through multiple mobility tools that can be accessed and function seamlessly out of a single app. The company operate in following segments such as being mobility where they provide on-demand and scheduled carpooling and ride-hailing services, matching riders to our driver partners; and quick commerce where they provide on-demand, scheduled, and multi-stop parcel delivery services.