AYRO (STU:WR4) Cash-to-Debt : 44.62 (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is AYRO 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. AYRO's cash to debt ratio for the quarter that ended in Mar. 2024 was 44.62.

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, AYRO could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

STU:WR4' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.49 Med: 50.89 Max: 74.57
Current: 44.63

During the past 5 years, AYRO's highest Cash to Debt Ratio was 74.57. The lowest was 0.49. And the median was 50.89.

STU:WR4's Cash-to-Debt is ranked better than
92.11% of 1216 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs STU:WR4: 44.63

AYRO Cash-to-Debt Historical Data

The historical data trend for AYRO'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.

* Premium members only.

AYRO Cash-to-Debt Chart

AYRO Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.49

31.82

64.91

56.90

47.77

AYRO Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															50.84	42.41	50.90	47.77	44.62

Competitive Comparison of AYRO's Cash-to-Debt

For the Auto Manufacturers subindustry, AYRO'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.

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

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

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

AYRO 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.

AYRO'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)
	=	30.665	/	(0.181	+	0.461)
	=	47.76

AYRO'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)
	=	26.773	/	(0.185	+	0.415)
	=	44.62

AYRO (STU:WR4) 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.

AYRO Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of AYRO's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

AYRO (STU:WR4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » AYRO Inc (STU:WR4) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AYRO:USA

Address

900 East Old Settlers Boulevard, Suite 100, Round Rock, TX, USA, 78664

Website

https://www.ayro.com

AYRO Inc design and manufacture compact, sustainable electric vehicles for closed campus mobility, low-speed urban and community transport, local on-demand and last-mile delivery, and government use. It operates as one reportable segment, which is the design, development, manufacturing, and sales of electric vehicles, and operates in the United States, and its revenue was generated in the United States.

AYRO (STU:WR4) Headlines

No Headlines