Net Element (Net Element) Cash-to-Debt : 0.41 (As of Jun. 2021)

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What is Net Element 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. Net Element's cash to debt ratio for the quarter that ended in Jun. 2021 was 0.41.

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, Net Element couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2021.

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

NETE's Cash-to-Debt is not ranked ^*
in the Software industry.
Industry Median: 2.41
* Ranked among companies with meaningful Cash-to-Debt only.

Net Element Cash-to-Debt Historical Data

The historical data trend for Net Element'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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Net Element Cash-to-Debt Chart

Net Element Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash-to-Debt

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0.14

1.61

0.26

0.05

0.42

Net Element Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Cash-to-Debt	Get a 7-Day Free Trial															0.09	0.20	0.42	0.39	0.41

Competitive Comparison of Net Element's Cash-to-Debt

For the Software - Infrastructure subindustry, Net Element'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.

Net Element's Cash-to-Debt Distribution in the Software Industry

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

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

Net Element 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.

Net Element's Cash to Debt Ratio for the fiscal year that ended in Dec. 2020 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)
	=	4.541	/	(1.471	+	9.274)
	=	0.42

Net Element's Cash to Debt Ratio for the quarter that ended in Jun. 2021 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)
	=	3.926	/	(0.593	+	9.089)
	=	0.41

Net Element (NAS:NETE) 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.

Net Element Cash-to-Debt Related Terms

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

Net Element (Net Element) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Net Element Inc (NAS:NETE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3363 NE 163rd Street, Suite 605, North Miami Beach, FL, USA, 33160

Website

https://www.netelement.com

Net Element Inc is a financial technology-driven group specializing in mobile payments and other transactional services in emerging countries and the United States. It operates through two segments. The North America Transaction Solutions segment provides technology and services to businesses that are required to accept cashless transactions, mobile payment services, merchant performance analytical tools, and merchant back office reporting; and the International Transaction Solutions segment provides online and mobile commerce solutions for merchants including social networks, game developers, online magazines, mobile applications and digital media operators. The company generates a majority of its revenue from the North America transaction solutions segment.

Executives

Steven Wolberg	officer: Chief Legal Officer	3363 NE 163RD STREET, #705, NORTH MIAMI BEACH FL 33160
Jeffrey Ginsberg	officer: Chief Financial Officer	3363 NE 163RD STREET, SUITE 705, C/O NET ELEMENT, INC., NORTH MIAMI BEACH FL 33160
Jon Najarian	director	55 EAST MONROE STREET, SUITE 3800, CHICAGO IL 60603
John Roland	director	3370 NE 190 STREET APT. 2108, AVENTURA FL 33180
Todd Raarup	director	133 PROSPECTOR LANE 4102, ASPEN CO 81611
Howard Ash	director	4233 SHERIDAN AVE, MIAMI BEACH FL 33140
Jonathan Fichman	director	9324 NW 10TH STREET, PLANTATION FL 33322
John Joseph Wiegand	director	1250 EASTON ROAD, SUITE 190 A, HORSHAM PA 19044
Drew J Freeman	director	2542 NASSAU LANE, FORT LAUDERDALE FL 33312
Oleg Firer	director, 10 percent owner, officer: Chief Executive Officer	11 YELLOWSTONE DRIVE, OLD BRIDGE NJ 08857
James Caan	director	1450 SOUTH MIAMI AVENUE, MIAMI FL 33130
Kenges Rakishev	director	SAF & CO., 214 MUKANOVA STREET, ALMATY 1P 050008
Jonathan New	officer: Chief Financial Officer	12100 NE 16TH AVENUE, #210, NORTH MIAMI FL 33161
William Healy	director	16W281 83RD STREET, SUITE B, BURR RIDGE IL 60527
Kelley David P Ii	director	C/O ARCO CAPITAL MANAGEMENT LLC, 7 SHEINOVO STREET, SOFIA E0 1504