Island Information & Technology (PHS:IS) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jan. 2024)

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What is Island Information & Technology 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. Island Information & Technology's cash to debt ratio for the quarter that ended in Jan. 2024 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, Island Information & Technology could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

(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 Island Information & Technology's Cash-to-Debt or its related term are showing as below:

PHS:IS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: No Debt
Current: No Debt

During the past 13 years, Island Information & Technology's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.03.

PHS:IS's Cash-to-Debt is not ranked
in the Software industry.
Industry Median: 2.42 vs PHS:IS: No Debt

Island Information & Technology Cash-to-Debt Historical Data

The historical data trend for Island Information & Technology'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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Island Information & Technology Cash-to-Debt Chart

Island Information & Technology Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

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No Debt

Island Information & Technology Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Island Information & Technology's Cash-to-Debt

For the Information Technology Services subindustry, Island Information & Technology'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.

Island Information & Technology's Cash-to-Debt Distribution in the Software Industry

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

* The bar in red indicates where Island Information & Technology's Cash-to-Debt falls into.

Island Information & Technology 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.

Island Information & Technology's Cash to Debt Ratio for the fiscal year that ended in Oct. 2023 is calculated as:

Island Information & Technology had no debt ⁽¹⁾.

Island Information & Technology's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Island Information & Technology had no debt ⁽¹⁾.

Island Information & Technology (PHS:IS) 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.

Island Information & Technology Cash-to-Debt Related Terms

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Island Information & Technology (PHS:IS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Island Information & Technology Inc (PHS:IS) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

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Address

120 Amorsolo Street, 4th Floor, 4-B Vernida 1 Condominium, Legaspi Village, Makati City, PHL, 1200

Website

http://www.iiti.ph

Island Information & Technology Inc engages in the provision of information technology services. It offers products and services such as computer hardware, software and other related products. The company provides services related to the Internet and computer networks. The company covers product development, licensing, marketing, sales and resale, distribution, operations and upgrading of and maintenance of computer software.