Priority Technology Holdings (Priority Technology Holdings) Cash-to-Debt : 0.05 (As of Mar. 2024)

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What is Priority Technology Holdings 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. Priority Technology Holdings's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.05.

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, Priority Technology Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Priority Technology Holdings's Cash-to-Debt or its related term are showing as below:

PRTHU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 18.18
Current: 0.05

During the past 9 years, Priority Technology Holdings's highest Cash to Debt Ratio was 18.18. The lowest was 0.00. And the median was 0.03.

PRTHU's Cash-to-Debt is ranked worse than
95.41% of 2725 companies
in the Software industry
Industry Median: 2.49 vs PRTHU: 0.05

Priority Technology Holdings Cash-to-Debt Historical Data

The historical data trend for Priority Technology Holdings'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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Priority Technology Holdings Cash-to-Debt Chart

Priority Technology Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.01

0.02

0.03

0.06

Priority Technology Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.03	0.03	0.04	0.06	0.05

Competitive Comparison of Priority Technology Holdings's Cash-to-Debt

For the Software - Infrastructure subindustry, Priority Technology Holdings'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.

Priority Technology Holdings's Cash-to-Debt Distribution in the Software Industry

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

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

Priority Technology Holdings 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.

Priority Technology Holdings'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)
	=	39.604	/	(6.712	+	631.965)
	=	0.06

Priority Technology Holdings'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)
	=	34.29	/	(6.712	+	631.352)
	=	0.05

Priority Technology Holdings (OTCPK:PRTHU) 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.

Priority Technology Holdings Cash-to-Debt Related Terms

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Priority Technology Holdings (Priority Technology Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Priority Technology Holdings Inc (OTCPK:PRTHU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PRTH:USA 60W:Germany

Address

2001 Westside Parkway, Suite 155, Alpharetta, GA, USA, 30004

Website

http://www.prth.com

Priority Technology Holdings Inc is a provider of merchant acquiring and commercial payment solutions to small and medium businesses enterprises in the United States. The company has three reportable segments which are SMB Payments, B2B Payments and Enterprise Payments. SMB Payments segment which generates majority revenue provides full-service acquiring and payment-enabled solutions for B2C transactions, leveraging priority's proprietary software platform, distributed through ISO: B2B Payments segment provides AP automation solutions to corporations, software partners and industry FIs: and Enterprise Payments segment provides embedded payment and treasury solutions to enterprise customers to modernize legacy platforms and accelerate software partners' strategies to monetize payments.