STEER Technologies (TSXV:STER) Cash-to-Debt : 0.01 (As of Dec. 2023)

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What is STEER 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. STEER Technologies's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.01.

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, STEER Technologies 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 STEER Technologies's Cash-to-Debt or its related term are showing as below:

TSXV:STER' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.32 Max: No Debt
Current: 0.01

During the past 6 years, STEER Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.32.

TSXV:STER's Cash-to-Debt is ranked worse than
98.49% of 2723 companies
in the Software industry
Industry Median: 2.49 vs TSXV:STER: 0.01

STEER Technologies Cash-to-Debt Historical Data

The historical data trend for STEER 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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STEER Technologies Cash-to-Debt Chart

STEER Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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19.75

0.44

0.20

0.10

0.01

STEER Technologies 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															0.10	0.22	0.02	0.02	0.01

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

For the Software - Application subindustry, STEER 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.

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

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

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

STEER 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.

STEER Technologies'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)
	=	0.146	/	(3.497	+	9.696)
	=	0.01

STEER Technologies'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)
	=	0.146	/	(3.497	+	9.696)
	=	0.01

STEER Technologies (TSXV:STER) 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.

STEER Technologies Cash-to-Debt Related Terms

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STEER Technologies (TSXV:STER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » STEER Technologies Inc (TSXV:STER) » Definitions » Cash-to-Debt

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STEEF:USA H1Y:Germany

Address

44 East Beaver Creek Road, Unit 16, Richmond Hill, ON, CAN, L4B 1G8

Website

https://www.steeresg.com

STEER Technologies Inc is an integrated ESG technology platform that moves people and delivers things through subscription and on-demand services. The company's goal is to build a one-of-a-kind system that aggregates conscientious users and enables them to buy, sell, or invest with the same platform. STEER offerings generally fall into two categories namely subscription-based offerings led by its flagship electric vehicle subscription business, STEER EV, and on-demand services incorporating B2B marketplace, Delivery-as-a-Service (DaaS), and rideshare businesses. The company's platform is powered by EcoCRED, it's analytics and machine learning engine which seeks to capture, analyze, parse, and report on key data points to measure the carbon impact.