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New World Solutions (XCNQ:NEWS) Cash-to-Debt : No Debt (1) (As of Jan. 2024)


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What is New World Solutions 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. New World Solutions'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, New World Solutions 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 New World Solutions's Cash-to-Debt or its related term are showing as below:

XCNQ:NEWS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01   Med: 142.54   Max: No Debt
Current: No Debt

During the past 13 years, New World Solutions's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 142.54.

XCNQ:NEWS's Cash-to-Debt is ranked better than
99.82% of 2799 companies
in the Software industry
Industry Median: 2.45 vs XCNQ:NEWS: No Debt

New World Solutions Cash-to-Debt Historical Data

The historical data trend for New World Solutions'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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New World Solutions Cash-to-Debt Chart

New World Solutions Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.19 0.41 220.08 3,653.00 No Debt

New World Solutions 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of New World Solutions's Cash-to-Debt

For the Software - Application subindustry, New World Solutions'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.


New World Solutions's Cash-to-Debt Distribution in the Software Industry

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

* The bar in red indicates where New World Solutions's Cash-to-Debt falls into.



New World Solutions 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.

New World Solutions's Cash to Debt Ratio for the fiscal year that ended in Apr. 2023 is calculated as:

New World Solutions had no debt (1).

New World Solutions's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

New World Solutions had no debt (1).

* 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.


New World Solutions  (XCNQ:NEWS) 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.


New World Solutions Cash-to-Debt Related Terms

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


New World Solutions (XCNQ:NEWS) Business Description

Traded in Other Exchanges
Address
2990 Arbutus Street, 2nd Floor, Vancouver, BC, CAN, V6J 3Y9Nam
New World Solutions Inc is a blockchain development company. The company provides high-performance blockchain solutions that include graphic data analysis and consulting services, implementation of data mining analysis through the use of graph databases, and speed enhancements of blockchain control systems for businesses and governments. Its geographical segment includes Graph Canada and Graph Korea. The company's portfolio includes Babbage Mining Corp., specializing in Proof of Stake mining, enhancing its role in the expanding EV market.
Executives
Datametrex Ai Limited 10% Security Holder

New World Solutions (XCNQ:NEWS) Headlines

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