Clip Money (Clip Money) Cash-to-Debt : 0.36 (As of Mar. 2024)

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What is Clip Money 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. Clip Money's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.36.

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, Clip Money couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

CLPMF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.45 Max: No Debt
Current: 0.36

During the past 3 years, Clip Money's highest Cash to Debt Ratio was No Debt. The lowest was 0.08. And the median was 0.45.

CLPMF's Cash-to-Debt is ranked worse than
79.74% of 2803 companies
in the Software industry
Industry Median: 2.52 vs CLPMF: 0.36

Clip Money Cash-to-Debt Historical Data

The historical data trend for Clip Money'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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Clip Money Cash-to-Debt Chart

Clip Money Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.16

0.24

0.52

Clip Money Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial							0.08	0.14	0.70	0.52	0.36

Competitive Comparison of Clip Money's Cash-to-Debt

For the Software - Infrastructure subindustry, Clip Money'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.

Clip Money's Cash-to-Debt Distribution in the Software Industry

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

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

Clip Money 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.

Clip Money's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	6.15	/	(1.245	+	10.565)
	=	0.52

Clip Money's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	4.111	/	(1.176	+	10.109)
	=	0.36

Clip Money (OTCPK:CLPMF) 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.

Clip Money Cash-to-Debt Related Terms

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Clip Money (Clip Money) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Clip Money Inc (OTCPK:CLPMF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CLIP:Canada

Address

96 Riverdale Avenue, Ottawa, ON, CAN, K1S 1R2

Website

https://www.clipmoney.com

Clip Money Inc is a Canadian-based principally in the business of providing a proprietary deposit network to businesses and financial institutions located across North America. network of ClipDrop safes located in malls, box stores, and grocery chains, Clip improves the business deposit experience through transformational digital and mobile-enabled services. Its business is located in Canada and the United States. The majority of its revenue comes from the United States.