Nexxen International (Nexxen International) Cash-to-Debt : 1.72 (As of Dec. 2023)

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What is Nexxen International 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. Nexxen International's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.72.

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, Nexxen International could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

NEXN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.87 Med: 4.94 Max: No Debt
Current: 1.72

During the past 13 years, Nexxen International's highest Cash to Debt Ratio was No Debt. The lowest was 0.87. And the median was 4.94.

NEXN's Cash-to-Debt is ranked better than
55.49% of 1038 companies
in the Media - Diversified industry
Industry Median: 1.26 vs NEXN: 1.72

Nexxen International Cash-to-Debt Historical Data

The historical data trend for Nexxen International'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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Nexxen International Cash-to-Debt Chart

Nexxen International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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3.26

4.60

24.52

1.70

1.72

Nexxen International Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.70	1.42	1.40	1.47	1.72

Competitive Comparison of Nexxen International's Cash-to-Debt

For the Advertising Agencies subindustry, Nexxen International'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.

Nexxen International's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Nexxen International's Cash-to-Debt distribution charts can be found below:

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

Nexxen International 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.

Nexxen International'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)
	=	234.308	/	(12.106	+	124.027)
	=	1.72

Nexxen International's Cash to Debt Ratio for the quarter 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)
	=	234.308	/	(12.106	+	124.027)
	=	1.72

Nexxen International (NAS:NEXN) 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.

Nexxen International Cash-to-Debt Related Terms

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Nexxen International (Nexxen International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Nexxen International Ltd (NAS:NEXN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TTTPF:USA NEXN:UK

Address

82 Yigal Alon Street, 13th Floor, Tel Aviv, ISR, 6789124

Website

https://www.tremorinternational.com

Nexxen International Ltd empowers advertisers, agencies, publishers and broadcasters to utilize video and connected TV. It is a demand-side platform (DSP), supply-side platform (SSP), ad server and data management platform (DMP) and also delivers a flexible and unified technology stack with advanced and exclusive data at its core.