NoviqTech (ASX:NVQ) Cash-to-Debt : 0.96 (As of Jun. 2024)

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What is NoviqTech 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. NoviqTech's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.96.

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, NoviqTech couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

ASX:NVQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.61 Med: 4.03 Max: No Debt
Current: 0.96

During the past 5 years, NoviqTech's highest Cash to Debt Ratio was No Debt. The lowest was 0.61. And the median was 4.03.

ASX:NVQ's Cash-to-Debt is ranked worse than
65.46% of 2788 companies
in the Software industry
Industry Median: 2.4 vs ASX:NVQ: 0.96

NoviqTech Cash-to-Debt Historical Data

The historical data trend for NoviqTech'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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NoviqTech Cash-to-Debt Chart

NoviqTech Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

No Debt

2.15

2.09

10.55

7.41

NoviqTech Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial							7.17	7.41	4.11	2.89	0.96

Competitive Comparison of NoviqTech's Cash-to-Debt

For the Software - Application subindustry, NoviqTech'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.

NoviqTech's Cash-to-Debt Distribution in the Software Industry

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

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

NoviqTech 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.

NoviqTech's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	2.703	/	(0.365	+	0)
	=	7.41

NoviqTech'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)
	=	0.145	/	(0.151	+	0)
	=	0.96

NoviqTech (ASX:NVQ) 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.

NoviqTech Cash-to-Debt Related Terms

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NoviqTech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NoviqTech Ltd (ASX:NVQ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

63Q0:Germany

Address

16 Nexus Way, Southport, QLD, AUS, 4215

Website

https://www.noviqtech.com

NoviqTech Ltd is a company which operates through its subsidiary TYMLEZ Group Ltd delivers novel and innovative technologies to organisations across the globe in sectors from maritime to regenerative agriculture, empowering them to make more informed decisions, track their carbon emissions with precision, and validate the authenticity of their products' origins all in real-time. NoviqAI's solutions deliver's supply chain traceability following the ethos of sustainability and carbon emissions reporting. Through the For personal use only use of DLT and Artificial Intelligence, NoviqAI will offer traceability solutions to various sectors including food, pharmaceuticals, fashion, and electronics while also prioritizing sustainability.