Salesforce (BSP:SSFO34) Cash-to-Debt : 1.12 (As of Oct. 2024)

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What is Salesforce 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. Salesforce's cash to debt ratio for the quarter that ended in Oct. 2024 was 1.12.

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, Salesforce could pay off its debt using the cash in hand for the quarter that ended in Oct. 2024.

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

BSP:SSFO34' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.45 Med: 1.01 Max: 2.63
Current: 1.12

During the past 13 years, Salesforce's highest Cash to Debt Ratio was 2.63. The lowest was 0.45. And the median was 1.01.

BSP:SSFO34's Cash-to-Debt is ranked worse than
61.42% of 2797 companies
in the Software industry
Industry Median: 2.33 vs BSP:SSFO34: 1.12

Salesforce Cash-to-Debt Historical Data

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

Salesforce Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash-to-Debt

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1.35

1.91

0.75

0.89

1.13

Salesforce Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Cash-to-Debt	Get a 7-Day Free Trial															0.93	1.13	1.41	1.11	1.12

Competitive Comparison of Salesforce's Cash-to-Debt

For the Software - Application subindustry, Salesforce'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.

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

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

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

Salesforce 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.

Salesforce's Cash to Debt Ratio for the fiscal year that ended in Jan. 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)
	=	69808.931	/	(7460.909	+	54449.392)
	=	1.13

Salesforce's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	71793.845	/	(3219.102	+	61072.886)
	=	1.12

Salesforce (BSP:SSFO34) 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.

Salesforce Cash-to-Debt Related Terms

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Salesforce Business Description

Industry

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Address

415 Mission Street, 3rd Floor, Salesforce Tower, San Francisco, CA, USA, 94105

Website

https://www.salesforce.com

Salesforce provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.

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