BIGG Digital Assets (BIGG Digital Assets) Cash-to-Debt : 234.84 (As of Mar. 2024)

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What is BIGG Digital Assets 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. BIGG Digital Assets's cash to debt ratio for the quarter that ended in Mar. 2024 was 234.84.

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, BIGG Digital Assets 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 BIGG Digital Assets's Cash-to-Debt or its related term are showing as below:

BBKCF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 125.25 Max: No Debt
Current: 236.86

During the past 9 years, BIGG Digital Assets's highest Cash to Debt Ratio was No Debt. The lowest was 0.11. And the median was 125.25.

BBKCF's Cash-to-Debt is ranked better than
81.98% of 788 companies
in the Capital Markets industry
Industry Median: 2.275 vs BBKCF: 236.86

BIGG Digital Assets Cash-to-Debt Historical Data

The historical data trend for BIGG Digital Assets'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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BIGG Digital Assets Cash-to-Debt Chart

BIGG Digital Assets Annual Data

Trend

Sep15

Sep16

Sep17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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48.54

No Debt

518.33

160.77

72.93

BIGG Digital Assets Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															160.77	124.57	363.27	72.93	234.84

Competitive Comparison of BIGG Digital Assets's Cash-to-Debt

For the Capital Markets subindustry, BIGG Digital Assets'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.

BIGG Digital Assets's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, BIGG Digital Assets's Cash-to-Debt distribution charts can be found below:

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

BIGG Digital Assets 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.

BIGG Digital Assets'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)
	=	3.209	/	(0.01	+	0.034)
	=	72.93

BIGG Digital Assets'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)
	=	8.924	/	(0.007	+	0.031)
	=	234.84

BIGG Digital Assets (OTCPK:BBKCF) 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.

BIGG Digital Assets Cash-to-Debt Related Terms

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BIGG Digital Assets (BIGG Digital Assets) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BIGG Digital Assets Inc (OTCPK:BBKCF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

7111:Germany BIGG:Canada

Address

1130 West Pender Street, Suite 1220, Vancouver, BC, CAN, V6E 4A4

Website

https://www.biggdigitalassets.com

BIGG Digital Assets Inc is engaged in investing in products and companies within the cryptocurrency industry. It has two operating divisions which provide blockchain search products to large enterprises with significant data requirements in the financial and e-commerce sectors globally, and brokerage and exchange software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor with a focus on compliance and safety. The company operates two business segments: Blockchain Technology Development and Digital Currency Sales via the Netcoins App.