Lime Technologies AB (FRA:LTX) Cash-to-Debt : 0.18 (As of Dec. 2023)

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What is Lime Technologies AB 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. Lime Technologies AB's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.18.

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, Lime Technologies AB couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

FRA:LTX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.28 Max: 1.1
Current: 0.18

During the past 9 years, Lime Technologies AB's highest Cash to Debt Ratio was 1.10. The lowest was 0.16. And the median was 0.28.

FRA:LTX's Cash-to-Debt is ranked worse than
86.96% of 2799 companies
in the Software industry
Industry Median: 2.43 vs FRA:LTX: 0.18

Lime Technologies AB Cash-to-Debt Historical Data

The historical data trend for Lime Technologies AB'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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Lime Technologies AB Cash-to-Debt Chart

Lime Technologies AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.28

0.78

0.22

0.16

0.18

Lime Technologies AB 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															0.16	0.24	0.13	0.13	0.18

Competitive Comparison of Lime Technologies AB's Cash-to-Debt

For the Software - Application subindustry, Lime Technologies AB'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.

Lime Technologies AB's Cash-to-Debt Distribution in the Software Industry

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

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

Lime Technologies AB 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.

Lime Technologies AB'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)
	=	2.684	/	(6.846	+	8.279)
	=	0.18

Lime Technologies AB'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)
	=	2.684	/	(6.846	+	8.279)
	=	0.18

Lime Technologies AB (FRA:LTX) 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.

Lime Technologies AB Cash-to-Debt Related Terms

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

Lime Technologies AB (FRA:LTX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Lime Technologies AB (FRA:LTX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LIME:Sweden LTX:Germany

Address

Sankt Lars vag 46, Lund, SWE, 222 70

Website

https://www.lime-technologies.com

Lime Technologies AB is a software as a service company. The company develops, sells, and implements user-friendly and flexible CRM systems. Its business model is based on the offering of subscription agreements as well as consulting services for the implementation and continuous adaptation of the company's products.

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