PRO DV AG (XTER:PDA) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is PRO DV AG 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. PRO DV AG'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, PRO DV AG 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 PRO DV AG's Cash-to-Debt or its related term are showing as below:

XTER:PDA' s Cash-to-Debt Range Over the Past 10 Years
Min: 10.27 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, PRO DV AG's highest Cash to Debt Ratio was No Debt. The lowest was 10.27. And the median was No Debt.

XTER:PDA's Cash-to-Debt is ranked better than
99.86% of 2802 companies
in the Software industry
Industry Median: 2.51 vs XTER:PDA: No Debt

PRO DV AG Cash-to-Debt Historical Data

The historical data trend for PRO DV AG'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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PRO DV AG Cash-to-Debt Chart

PRO DV AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

PRO DV AG Semi-Annual Data
	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Cash-to-Debt	Get a 7-Day Free Trial									No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of PRO DV AG's Cash-to-Debt

For the Information Technology Services subindustry, PRO DV AG'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.

PRO DV AG's Cash-to-Debt Distribution in the Software Industry

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

* The bar in red indicates where PRO DV AG's Cash-to-Debt falls into.

PRO DV AG 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.

PRO DV AG's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

PRO DV AG had no debt ⁽¹⁾.

PRO DV AG's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

PRO DV AG had no debt ⁽¹⁾.

PRO DV AG (XTER:PDA) 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.

PRO DV AG Cash-to-Debt Related Terms

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

PRO DV AG (XTER:PDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » PRO DV AG (XTER:PDA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PDA:Germany PDA:Germany PDA:Germany

Address

Hauert 6, Dortmund, DEU, 44227

Website

http://www.prodv.de

PRO DV AG engages in the provision of information technology business solutions. It offers project support services in the transport and logistics, telecommunications, energy supply, and public administration sectors. The firm specializes in the analysis and optimization of business processes with focus on business analysis, architecture consulting, project management, and security management.

PRO DV AG (XTER:PDA) Headlines

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PRO DV AG (XTER:PDA) Cash-to-Debt : No Debt (1) (As of Dec. 2023)