Orthogonal Global Group (XCNQ:OGG) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Orthogonal Global Group 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. Orthogonal Global Group's cash to debt ratio for the quarter that ended in Dec. 2023 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, Orthogonal Global Group could pay off its debt using the cash in hand for the quarter that ended in Dec. 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 Orthogonal Global Group's Cash-to-Debt or its related term are showing as below:

XCNQ:OGG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 7.05 Max: No Debt
Current: No Debt

During the past 5 years, Orthogonal Global Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 7.05.

XCNQ:OGG's Cash-to-Debt is ranked better than
99.93% of 1466 companies
in the Asset Management industry
Industry Median: 5.845 vs XCNQ:OGG: No Debt

Orthogonal Global Group Cash-to-Debt Historical Data

The historical data trend for Orthogonal Global Group'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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Orthogonal Global Group Cash-to-Debt Chart

Orthogonal Global Group Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

0.01

7.59

No Debt

Orthogonal Global Group Quarterly Data
	Jun19	Jun20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								3.50	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Orthogonal Global Group's Cash-to-Debt

For the Asset Management subindustry, Orthogonal Global Group'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.

Orthogonal Global Group's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Orthogonal Global Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Orthogonal Global Group's Cash-to-Debt falls into.

Orthogonal Global Group 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.

Orthogonal Global Group's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Orthogonal Global Group had no debt ⁽¹⁾.

Orthogonal Global Group's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Orthogonal Global Group had no debt ⁽¹⁾.

Orthogonal Global Group (XCNQ:OGG) 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.

Orthogonal Global Group Cash-to-Debt Related Terms

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Orthogonal Global Group (XCNQ:OGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Orthogonal Global Group Inc (XCNQ:OGG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

OGGIF:USA 8M9:Germany

Address

22 Leader Lane, Suite 409, Toronto, ON, CAN, M5E 0B2

Website

https://www.w3ven.com

Orthogonal Global Group Inc is a diversified investment company focused on identifying, incubating, accelerating, and developing world-class projects and applications for the decentralized web. Focused on supporting founders and entrepreneurs, Orthogonal Global core investment pillars are blockchain-based transparency, secured identity, verified communications, and gamification, focusing on early-stage, small and medium enterprises in the burgeoning Web three sector.

Orthogonal Global Group (XCNQ:OGG) Headlines

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Orthogonal Global Group (XCNQ:OGG) Cash-to-Debt : No Debt (1) (As of Dec. 2023)