BTQ Technologies (NEOE:BTQ) Cash-to-Debt : 91.76 (As of Sep. 2023)

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What is BTQ Technologies 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. BTQ Technologies's cash to debt ratio for the quarter that ended in Sep. 2023 was 91.76.

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, BTQ Technologies could pay off its debt using the cash in hand for the quarter that ended in Sep. 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 BTQ Technologies's Cash-to-Debt or its related term are showing as below:

NEOE:BTQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 91.76 Med: 5076.07 Max: No Debt
Current: 91.76

During the past 2 years, BTQ Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 91.76. And the median was 5076.07.

NEOE:BTQ's Cash-to-Debt is ranked better than
84.82% of 2799 companies
in the Software industry
Industry Median: 2.43 vs NEOE:BTQ: 91.76

BTQ Technologies Cash-to-Debt Historical Data

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

BTQ Technologies Annual Data

Trend

Dec21

Jan22

Cash-to-Debt

No Debt

BTQ Technologies Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Jan23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial			N/A	152.14	No Debt	No Debt	91.76

Competitive Comparison of BTQ Technologies's Cash-to-Debt

For the Software - Infrastructure subindustry, BTQ Technologies'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.

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

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

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

BTQ Technologies 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.

BTQ Technologies's Cash to Debt Ratio for the fiscal year that ended in Jan. 2022 is calculated as:

BTQ Technologies had no debt ⁽¹⁾.

BTQ Technologies's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	4.955	/	(0.054	+	0)
	=	91.76

BTQ Technologies (NEOE:BTQ) 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.

BTQ Technologies Cash-to-Debt Related Terms

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BTQ Technologies (NEOE:BTQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BTQ Technologies Corp (NEOE:BTQ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BTQQF:USA NG3:Germany

Address

700 West Georgia Street, 25th Floor, Vancouver, BC, CAN, V7Y 1B3

Website

https://www.btq.li

BTQ Technologies Corp is home to a diverse team of builders with a shared interest in post-quantum technology. Its products include PQScale, Keelung, Kenting, and Qbyte. PQScale is a novel scaling technique for post-quantum cryptographic primitives. PQScale achieves transaction speed and cost savings by leveraging zero-knowledge proofs for transaction processing. Keelung is a Zero-Knowledge Toolkit for Fast, Private, and Secure Applications. Kenting has accelerated hardware devices for a variety of post-quantum cryptographic primitives. Kenting provides acceleration for NIST-compliant post-quantum cryptography, post-quantum zk-SNARKs, and eco-friendly mining hardware. Qbyte is a Quantum risk Calculator.