PAL (Proficient Auto Logistics) Cash-to-Debt : 0.52 (As of Jun. 2024)

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What is Proficient Auto Logistics 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. Proficient Auto Logistics's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.52.

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, Proficient Auto Logistics couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

PAL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.5 Med: 0.52 Max: No Debt
Current: 0.52

During the past 1 years, Proficient Auto Logistics's highest Cash to Debt Ratio was No Debt. The lowest was 0.50. And the median was 0.52.

PAL's Cash-to-Debt is ranked better than
54.21% of 963 companies
in the Transportation industry
Industry Median: 0.48 vs PAL: 0.52

Proficient Auto Logistics Cash-to-Debt Historical Data

The historical data trend for Proficient Auto Logistics'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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Proficient Auto Logistics Cash-to-Debt Chart

Proficient Auto Logistics Annual Data

Trend

Dec23

Cash-to-Debt

0.50

Proficient Auto Logistics Quarterly Data
	Mar23	Jun23	Dec23	Mar24	Jun24
Cash-to-Debt	N/A	N/A	0.50	No Debt	0.52

Competitive Comparison of Proficient Auto Logistics's Cash-to-Debt

For the Integrated Freight & Logistics subindustry, Proficient Auto Logistics'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.

Proficient Auto Logistics's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Proficient Auto Logistics's Cash-to-Debt distribution charts can be found below:

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

Proficient Auto Logistics 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.

Proficient Auto Logistics'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)
	=	30.718	/	(21.71	+	39.744)
	=	0.50

Proficient Auto Logistics's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	36.311	/	(23.597	+	45.895)
	=	0.52

Proficient Auto Logistics (NAS:PAL) 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.

Proficient Auto Logistics Cash-to-Debt Related Terms

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Proficient Auto Logistics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Proficient Auto Logistics Inc (NAS:PAL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

12276 San Jose Boulevard, Suite 426, Jacksonville, FL, USA, 32223

Website

https://www.proautogistics.com

Proficient Auto Logistics Inc is a non-union, specialized freight company focused on providing auto transportation and logistics services. The company operates auto transportation fleets in North America based upon information obtained from the Auto Haulers Association of America, utilizing auto transport vehicles and trailers daily, including Company-owned transport vehicles and trailers. The reportable segments of the company are Truckload and Brokerage. The company derives maximum revenue from the brokerage segment that retains the customer relationship, including billing and collection, and outsources the transportation of the loads to third-party carriers.