Cannagistics (Cannagistics) Cash-to-Debt : 0.00 (As of Apr. 2022)

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What is Cannagistics 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. Cannagistics's cash to debt ratio for the quarter that ended in Apr. 2022 was 0.00.

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, Cannagistics couldn't pay off its debt using the cash in hand for the quarter that ended in Apr. 2022.

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

CNGT's Cash-to-Debt is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 4.68
* Ranked among companies with meaningful Cash-to-Debt only.

Cannagistics Cash-to-Debt Historical Data

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

Cannagistics Annual Data

Trend

Jul08

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Cash-to-Debt

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0.02

0.01

Cannagistics Quarterly Data
	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22
Cash-to-Debt	Get a 7-Day Free Trial															0.01	0.01	-	-	-

Competitive Comparison of Cannagistics's Cash-to-Debt

For the Shell Companies subindustry, Cannagistics'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.

Cannagistics's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Cannagistics's Cash-to-Debt distribution charts can be found below:

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

Cannagistics 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.

Cannagistics's Cash to Debt Ratio for the fiscal year that ended in Jul. 2021 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)
	=	0.03	/	(2.85	+	0)
	=	0.01

Cannagistics's Cash to Debt Ratio for the quarter that ended in Apr. 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)
	=	0	/	(4.396	+	0)
	=	0.00

Cannagistics (OTCPK:CNGT) 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.

Cannagistics Cash-to-Debt Related Terms

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