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ATCH (AtlasClear Holdings) Cash-to-Debt : 0.24 (As of Sep. 2024)


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What is AtlasClear Holdings 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. AtlasClear Holdings's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.24.

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, AtlasClear Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

ATCH' s Cash-to-Debt Range Over the Past 10 Years
Min: 11.29   Med: 11.3   Max: 11.31
Current: 11.29

During the past 2 years, AtlasClear Holdings's highest Cash to Debt Ratio was 11.31. The lowest was 11.29. And the median was 11.30.

ATCH's Cash-to-Debt is ranked better than
69.78% of 2796 companies
in the Software industry
Industry Median: 2.33 vs ATCH: 11.29

AtlasClear Holdings Cash-to-Debt Historical Data

The historical data trend for AtlasClear Holdings'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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AtlasClear Holdings Cash-to-Debt Chart

AtlasClear Holdings Annual Data
Trend Jun22 Jun23
Cash-to-Debt
11.31 11.29

AtlasClear Holdings Quarterly Data
Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only N/A 115.46 0.28 0.25 0.24

Competitive Comparison of AtlasClear Holdings's Cash-to-Debt

For the Software - Infrastructure subindustry, AtlasClear Holdings'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.

AtlasClear Holdings's Cash-to-Debt Distribution in the Software Industry

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

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


AtlasClear Holdings 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.

AtlasClear Holdings'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)
=9.098 / (0.116 + 0.69)
=11.29

AtlasClear Holdings's Cash to Debt Ratio for the quarter that ended in Sep. 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)
=6.817 / (5.782 + 23.148)
=0.24

* 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.

AtlasClear Holdings  (AMEX:ATCH) 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.

AtlasClear Holdings Cash-to-Debt Related Terms

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AtlasClear Holdings Business Description

Industry
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Traded in Other Exchanges
N/A
Address
4030 Henderson Boulevard, Suite 712, Tampa, FL, USA, 33629
Website
https://www.atlasclear.com
AtlasClear Holdings Inc is a fintech company. Its goal is to build a cutting-edge technology-enabled financial services firm that would create a more efficient platform for trading, clearing, settlement, and banking of evolving and innovative financial products with a focus on financial services firms. It is a fintech-driven business-to-business platform that expects to power innovation in fintech, investing, and trading. The company believes it is positioned to provide a modern, mission-critical suite of solutions to its clients, enabling them to reduce their transaction costs and compete more effectively in their businesses.