Peppermint Innovation (ASX:PIL) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Peppermint Innovation 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. Peppermint Innovation's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, Peppermint Innovation could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

ASX:PIL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Peppermint Innovation's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was No Debt.

ASX:PIL's Cash-to-Debt is ranked better than
99.86% of 2800 companies
in the Software industry
Industry Median: 2.47 vs ASX:PIL: No Debt

Peppermint Innovation Cash-to-Debt Historical Data

The historical data trend for Peppermint Innovation'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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Peppermint Innovation Cash-to-Debt Chart

Peppermint Innovation Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.12

0.33

8.82

No Debt

Peppermint Innovation Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															14.34	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Peppermint Innovation's Cash-to-Debt

For the Software - Infrastructure subindustry, Peppermint Innovation'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.

Peppermint Innovation's Cash-to-Debt Distribution in the Software Industry

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

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

Peppermint Innovation 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.

Peppermint Innovation's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Peppermint Innovation had no debt ⁽¹⁾.

Peppermint Innovation's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Peppermint Innovation had no debt ⁽¹⁾.

Peppermint Innovation (ASX:PIL) 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.

Peppermint Innovation Cash-to-Debt Related Terms

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

Peppermint Innovation (ASX:PIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Peppermint Innovation Ltd (ASX:PIL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Murray Street, Off Raine Lane, Level 2 East, The Wentworth Building, Perth, WA, AUS, 6000

Website

https://www.pepltd.com.au

Peppermint Innovation Ltd focused on the commercialisation, deployment, and further development of the Peppermint Platform which is focused on the development of a proprietary financial technology solution aimed at delivering financial inclusion to the unbanked and underbanked, facilitating mobile micro business enterprise and providing consumer convenience. The Company operates in three segments: Mobile Banking and Payment Services, which is the key revenue generator; International Remittance; corporate and Head Office.

Peppermint Innovation (ASX:PIL) Headlines

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Peppermint Innovation (ASX:PIL) Cash-to-Debt : No Debt (1) (As of Dec. 2023)