Smartbroker Holding AG (XTER:SB1) Cash-to-Debt : 2.11 (As of Jun. 2024)

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What is Smartbroker Holding 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. Smartbroker Holding AG's cash to debt ratio for the quarter that ended in Jun. 2024 was 2.11.

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, Smartbroker Holding AG could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Smartbroker Holding AG's Cash-to-Debt or its related term are showing as below:

XTER:SB1' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.17 Med: 5006.07 Max: No Debt
Current: 2.11

During the past 13 years, Smartbroker Holding AG's highest Cash to Debt Ratio was No Debt. The lowest was 1.17. And the median was 5006.07.

XTER:SB1's Cash-to-Debt is ranked worse than
51.2% of 789 companies
in the Capital Markets industry
Industry Median: 2.2 vs XTER:SB1: 2.11

Smartbroker Holding AG Cash-to-Debt Historical Data

The historical data trend for Smartbroker Holding 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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Smartbroker Holding AG Cash-to-Debt Chart

Smartbroker Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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12.14

1.88

4.48

1.84

1.17

Smartbroker Holding AG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															1.35	1.84	1.69	1.17	2.11

Competitive Comparison of Smartbroker Holding AG's Cash-to-Debt

For the Financial Data & Stock Exchanges subindustry, Smartbroker Holding 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.

Smartbroker Holding AG's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Smartbroker Holding AG's Cash-to-Debt distribution charts can be found below:

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

Smartbroker Holding 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.

Smartbroker Holding AG'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)
	=	12.263	/	(4.258	+	6.188)
	=	1.17

Smartbroker Holding AG's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	17.518	/	(4.046	+	4.267)
	=	2.11

Smartbroker Holding AG (XTER:SB1) 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.

Smartbroker Holding AG Cash-to-Debt Related Terms

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

Smartbroker Holding AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Smartbroker Holding AG (XTER:SB1) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SB1:Germany SB1:Germany SB1:Germany

Address

Ritterstrasse 11, Berlin, DEU, 10969

Website

https://www.smartbroker-holding.de

Smartbroker Holding AG operates as a trading portal. It offers information regarding market, economics and finance. The company also provides community news, commentary and analysis and security details to equities, commodities ETFs, funds and certificates.

Executives

André Kolbinger	Board of Directors
Marcus Seidel	Supervisory Board
René Krüger	Supervisory Board
Roland Nicklaus	Board of Directors

Smartbroker Holding AG Headlines

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