A2Z Smart Technologies (TSXV:AZ) Cash-to-Debt : 1.18 (As of Dec. 2023)

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What is A2Z Smart Technologies 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. A2Z Smart Technologies's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.18.

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, A2Z Smart Technologies could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for A2Z Smart Technologies's Cash-to-Debt or its related term are showing as below:

TSXV:AZ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.59 Med: 3.17 Max: No Debt
Current: 1.18

During the past 6 years, A2Z Smart Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 0.59. And the median was 3.17.

TSXV:AZ's Cash-to-Debt is ranked better than
58.77% of 308 companies
in the Aerospace & Defense industry
Industry Median: 0.725 vs TSXV:AZ: 1.18

A2Z Smart Technologies Cash-to-Debt Historical Data

The historical data trend for A2Z Smart Technologies'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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A2Z Smart Technologies Cash-to-Debt Chart

A2Z Smart Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.59

5.17

9.28

1.00

1.18

A2Z Smart Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.00	0.96	2.64	0.86	1.18

Competitive Comparison of A2Z Smart Technologies's Cash-to-Debt

For the Aerospace & Defense subindustry, A2Z Smart Technologies'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.

A2Z Smart Technologies's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, A2Z Smart Technologies's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where A2Z Smart Technologies's Cash-to-Debt falls into.

A2Z Smart Technologies 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.

A2Z Smart Technologies'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)
	=	3.145	/	(1.819	+	0.856)
	=	1.18

A2Z Smart Technologies'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)
	=	3.145	/	(1.819	+	0.856)
	=	1.18

A2Z Smart Technologies (TSXV:AZ) 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.

A2Z Smart Technologies Cash-to-Debt Related Terms

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A2Z Smart Technologies (TSXV:AZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » A2Z Smart Technologies Corp (TSXV:AZ) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

AZ:USA

Address

559 Briar Hill Avenue, Toronto, ON, CAN, M5N 1N1

Website

https://www.a2zas.com

A2Z Smart Technologies Corp is a technology company in Israel providing products to the Israeli Defense and Security Forces, specializing in military unmanned robotics and state-of-the-art automation and electronics technology. The company commenced the development of two products for the automotive market. The first product is a capsule that can be placed in a fuel tank to prevent gas tank explosions. The second product under development is a vehicle cover device that will protect automobiles from extreme weather conditions while the vehicle is not in use. The company also provides maintenance services to both external and in-house complex electronic systems and products.