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BullishBLSH -2.00%17 Cash-to-Debt is 2.44 as of Jun. 2026, which is 7% below its 10-year median of 2.63. GuruFocus rates BLSH with a GF Score™ of 17/100. The stock has 2 warning signs investors should review. Among 2,842 Software companies, Bullish ranks worse than 50.63% on this metric.
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. Bullish's cash to debt ratio for the quarter that ended in Jun. 2026 was 2.44.
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, Bullishcould pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Bullish's Cash-to-Debt or its related term are showing as below:
BLSH'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.46 Med: 2.63 Max: No Debt
Current: 2.44
During the past 6 years, Bullish's highest Cash to Debt Ratio was No Debt. The lowest was 0.46. And the median was 2.63.
BLSH's Cash-to-Debt is ranked worse than 50.63% of 2842
companies
in the Software industry
Industry Median: 2.505
vs BLSH: 2.44
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.
Bullish Cash-to-Debt Related Terms
Bullish Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Bullish'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.
For the Software - Infrastructure subindustry, Bullish'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.
Bullish Cash-to-Debt vs Software Industry
For the Software industry and Technology sector, Bullish's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Bullish's Cash-to-Debt falls into.
* 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.
Bullish (BLSH) has a Cash-to-Debt of 2.44 as of Jun. 2026. This is near median its historical median of 2.63. Over the past decade, Bullish's Cash-to-Debt has ranged from 0.46 to 10,000.00. According to the industry distribution chart, Bullish ranks #1439 out of 2842 companies in the Software industry, placing it in the top 50.6%.
Is Bullish's Cash-to-Debt too high?
Bullish's current Cash-to-Debt of 2.44 is near median its 10-year median of 2.63. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 10,000.00. The Software industry median Cash-to-Debt is 2.51. Bullish's value of 2.44 is 2.6% below this industry median. Based on the distribution chart, Bullish ranks #1439 out of 2842 companies in the Software industry, which is below the industry midpoint. Overall, Bullish has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Bullish's Cash-to-Debt compare to PAY and TENB?
According to the Software industry distribution chart, Bullish ranks #1439 out of 2842 companies for Cash-to-Debt. This places Bullish in the lower half of its industry. The industry median Cash-to-Debt is 2.51. Bullish's value of 2.44 is 2.6% below this benchmark. Historically, Bullish's own Cash-to-Debt has ranged from 0.46 to 10,000.00 over the past decade. While the company's 10-year median is 2.63 vs. the industry median of 2.51, Bullish has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Software company?
The median Cash-to-Debt among Software companies is 2.51, based on 2,842 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bullish's current Cash-to-Debt of 2.44 is 2.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median Cash-to-Debt is 2.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bullish's current Cash-to-Debt is 2.44, which is near median its own 10-year median of 2.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bullish stock overvalued right now?
Bullish (BLSH) has a current Cash-to-Debt of 2.44. The current Cash-to-Debt is 2.44, which is near median its 10-year median of 2.63 and 2.6% below the Software industry median of 2.51. Bullish's overall GF Score™ is 17/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Bullish (BLSH), the current Cash-to-Debt is 2.44 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Bullish is an institutionally focused global digital asset platform focused on providing market infrastructure and information services. Its objective is to provide mission critical products and services that are designed to help institutions grow their businesses, empower individual investors, and drive the adoption of stablecoins, digital assets, and blockchain technology. It expanded its product offering to provide trusted insights, authoritative news, data, indices and transparent analysis to the digital assets industry while facilitating partnerships, investment opportunities, and community engagement through its flagship Consensus conference.
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