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NTG Clarity Networks (TSXV:NCI) Cash-to-Debt : 0.06 (As of Sep. 2023)


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What is NTG Clarity Networks 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. NTG Clarity Networks's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.06.

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, NTG Clarity Networks couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

TSXV:NCI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0   Med: 0.04   Max: 3.64
Current: 0.06

During the past 13 years, NTG Clarity Networks's highest Cash to Debt Ratio was 3.64. The lowest was 0.00. And the median was 0.04.

TSXV:NCI's Cash-to-Debt is ranked worse than
94.27% of 2793 companies
in the Software industry
Industry Median: 2.41 vs TSXV:NCI: 0.06

NTG Clarity Networks Cash-to-Debt Historical Data

The historical data trend for NTG Clarity Networks'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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NTG Clarity Networks Cash-to-Debt Chart

NTG Clarity Networks Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 - 0.02 0.02 0.09

NTG Clarity Networks Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.09 0.07 0.06 0.06

Competitive Comparison of NTG Clarity Networks's Cash-to-Debt

For the Software - Application subindustry, NTG Clarity Networks'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.


NTG Clarity Networks's Cash-to-Debt Distribution in the Software Industry

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

* The bar in red indicates where NTG Clarity Networks's Cash-to-Debt falls into.



NTG Clarity Networks 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.

NTG Clarity Networks's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

NTG Clarity Networks's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

* 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.


NTG Clarity Networks  (TSXV:NCI) 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.


NTG Clarity Networks Cash-to-Debt Related Terms

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NTG Clarity Networks (TSXV:NCI) Business Description

Traded in Other Exchanges
Address
2820 Fourteenth Avenue, Suite 202, Markham, ON, CAN, L3R 0S9
NTG Clarity Networks Inc provides telecommunications engineering, Information Technology, networking, and related software solutions. It develops niche software products directed at telecom service providers and utilities markets. The company also provides professional services and managed services to the same vertical. In addition, it has also expanded into the financial and government sectors by providing products and technical resources to assist customers with projects that include digital transformation. The company`s Canadian segment is made up of activities in Canada and offices in Saudi Arabia and Oman; and the Egypt segment is a software development group that also provides professional services, offshoring services, and network services to customers in Egypt.

NTG Clarity Networks (TSXV:NCI) Headlines