Tap Global Group (AQSE:TAP) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2022)

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What is Tap Global Group 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. Tap Global Group's cash to debt ratio for the quarter that ended in Jun. 2022 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, Tap Global Group could pay off its debt using the cash in hand for the quarter that ended in Jun. 2022.

(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 Tap Global Group's Cash-to-Debt or its related term are showing as below:

AQSE:TAP' s Cash-to-Debt Range Over the Past 10 Years
Min: 24.84 Med: No Debt Max: No Debt
Current: 24.84

During the past 9 years, Tap Global Group's highest Cash to Debt Ratio was No Debt. The lowest was 24.84. And the median was No Debt.

AQSE:TAP's Cash-to-Debt is ranked better than
76.5% of 2800 companies
in the Software industry
Industry Median: 2.55 vs AQSE:TAP: 24.84

Tap Global Group Cash-to-Debt Historical Data

The historical data trend for Tap Global Group'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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Tap Global Group Cash-to-Debt Chart

Tap Global Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

24.84

Tap Global Group Semi-Annual Data
	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial				-	-	No Debt	No Debt	24.84

Competitive Comparison of Tap Global Group's Cash-to-Debt

For the Software - Application subindustry, Tap Global Group'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.

Tap Global Group's Cash-to-Debt Distribution in the Software Industry

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

* The bar in red indicates where Tap Global Group's Cash-to-Debt falls into.

Tap Global Group 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.

Tap Global Group's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	2.335	/	(0.032	+	0.062)
	=	24.84

Tap Global Group's Cash to Debt Ratio for the quarter that ended in Jun. 2022 is calculated as:

Tap Global Group had no debt ⁽¹⁾.

Tap Global Group (AQSE:TAP) 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.

Tap Global Group Cash-to-Debt Related Terms

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Tap Global Group (AQSE:TAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tap Global Group Plc (AQSE:TAP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.tap.global

Tap Global Group Plc is a regulated and fully integrated crypto-fiat exchange service provider with an associated neo banking platform. Tap's mission is to create a seamless and fully regulated bridge that links fiat banking, traditional assets and crypto markets. Built on its exchange foundation, the company also offers consumer and corporate crypto-fiat banking services and DeFi yield products.