Covisint (Covisint) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2017)

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What is Covisint 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. Covisint's cash to debt ratio for the quarter that ended in Mar. 2017 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, Covisint could pay off its debt using the cash in hand for the quarter that ended in Mar. 2017.

(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 Covisint's Cash-to-Debt or its related term are showing as below:

COVS's Cash-to-Debt is not ranked ^*
in the Software industry.
Industry Median: 2.51
* Ranked among companies with meaningful Cash-to-Debt only.

Covisint Cash-to-Debt Historical Data

The historical data trend for Covisint'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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Covisint Cash-to-Debt Chart

Covisint Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Cash-to-Debt

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No Debt

Covisint Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Covisint's Cash-to-Debt

For the Software - Application subindustry, Covisint'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.

Covisint's Cash-to-Debt Distribution in the Software Industry

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

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

Covisint 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.

Covisint's Cash to Debt Ratio for the fiscal year that ended in Mar. 2017 is calculated as:

Covisint had no debt ⁽¹⁾.

Covisint's Cash to Debt Ratio for the quarter that ended in Mar. 2017 is calculated as:

Covisint had no debt ⁽¹⁾.

Covisint (NAS:COVS) 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.

Covisint Cash-to-Debt Related Terms

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Covisint (Covisint) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Covisint Corp (NAS:COVS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.covisint.com

Covisint Corp incorporated in April 2008 provides a cloud Platform for the development of identity-centric and IoT solutions. It packages and markets the Covisint Cloud Platform as three different offerings namely, The Covisint Identity Platform, The Covisint IoT Platform, and The Covisint Connected Vehicle Platform. The Covisint Platform offers a complete and tightly integrated set of technologies for one purpose- to enable trusted information sharing and secure interactions across people, systems and things. It offer these capabilities via the public cloud, and exposed via APIs, to enable developers to create custom solutions to transform their businesses.

Executives

William O Grabe	director	C/O COMPUWARE CORP, DETROIT MI 48226
John F. Smith	director	ONE DAUCH DR., DETROIT MI 48211
Dr. Homaira Akbari	director	13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224

Covisint (Covisint) Headlines

From GuruFocus

Weekly CFO Buys Highlight: Covisint Corp., Citigroup Inc., Cavium Inc.

By Myra Ramdenbourg Myra Ramdenbourg • 02-14-2016

Covisint (Covisint) Cash-to-Debt : No Debt (1) (As of Mar. 2017)