Coda Octopus Group (Coda Octopus Group) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jan. 2024)

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What is Coda Octopus Group 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. Coda Octopus Group's cash to debt ratio for the quarter that ended in Jan. 2024 was No Debt ⁽¹⁾.

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, Coda Octopus Group could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

(1) 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.

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

CODA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.32 Med: 8.32 Max: No Debt
Current: No Debt

During the past 13 years, Coda Octopus Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.32. And the median was 8.32.

CODA's Cash-to-Debt is ranked better than
99.03% of 310 companies
in the Aerospace & Defense industry
Industry Median: 0.765 vs CODA: No Debt

Coda Octopus Group Cash-to-Debt Historical Data

The historical data trend for Coda Octopus Group'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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Coda Octopus Group Cash-to-Debt Chart

Coda Octopus Group Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

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11.07

26.41

277.31

No Debt

Coda Octopus Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Coda Octopus Group's Cash-to-Debt

For the Aerospace & Defense subindustry, Coda Octopus Group'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.

Coda Octopus Group's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Coda Octopus Group's Cash-to-Debt distribution charts can be found below:

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

Coda Octopus Group 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.

Coda Octopus Group's Cash to Debt Ratio for the fiscal year that ended in Oct. 2023 is calculated as:

Coda Octopus Group had no debt ⁽¹⁾.

Coda Octopus Group's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Coda Octopus Group had no debt ⁽¹⁾.

Coda Octopus Group (NAS:CODA) 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.

Coda Octopus Group Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Coda Octopus Group's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Coda Octopus Group (Coda Octopus Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Coda Octopus Group Inc (NAS:CODA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3300 S Hiawassee Road, Suite 104-105, Orlando, FL, USA, 32835

Website

https://www.codaoctopusgroup.com

Coda Octopus Group Inc develops underwater technologies and equipment for imaging, mapping defense, and survey applications. It operates in two segments: Marine Technology Business and Marine Engineering Business. The Technology Business develops proprietary solutions for both the commercial and defense subsea market. Its solutions include hardware and software for Geophysical Systems, Motion & Positioning Systems, and Real-Time Volumetric Imaging Sonar. The Engineering Business segment provides engineering services to a range of clients in the defense markets. Its geographical segments are the Americas, Europe, Australia/Asia, and the Middle East/Africa. The majority of revenue is derived from the Marine Technology Business segment.

Executives

Annmarie Gayle	director, officer: Chief Executive Officer	6526 COTTONWOOD ST,, MURRAY UT 84107
Niels Soendergaard	10 percent owner	6526 COTTONWOOD ST, MURRAY UT 84107
G Tyler Runnels	10 percent owner	1999 AVENUE OF THE STARS, STE 2030, LOS ANGELES CA 90067
John Steven Emerson	10 percent owner	1522 ENSLEY AVENUE, LOS ANGELES CA 90024
Anthony Jean Tata	director	1 WATER CLUB WAY,, PH2104, NORTH PALM BEACH FL 33408
Robert Ronald Harcourt	director	3078 BRINE WAY, THE VILLAGES FL 32163
Gayle Michelle Jardine	officer: Interim CFO.	12 RAVELRIG GAIT,, BALERNO, EDINBURGH X0 EH14 7NH
Blair Graeme Cunningham	officer: Chief Technology Officer	164 WEST 25TH STREET, NEW YORK NY 10001
Nathan William Parker	officer: Chief Financial Officer.	14061 S. OLD SADDLE RD, DRAPER UT 84020
Kevin James Kane	officer: CEO Coda Octopus Colmek, Inc.	11864 VISTA GLEN CT, SANDY UT 84092
Michael Midgley	officer: Acting Chief Financial Officer	6526 COTTONWOOD ST,, MURRAY UT 84107
Michael J. Hamilton	director	NEWPORT OFFICE CENTER, 111 TOWN SQUARE PLACE, SUITE 1201, JERSEY CITY NJ 07310
Bryan Ezralow	10 percent owner	THE EZRALOW CO, LLC, 23622 CALABASAS ROAD, SUITE 200, CALABASAS CA 91302-1549
Mary Losty	director	613 LOCUST ST, CAMBRIDGE MD 21613
Joseph Charles Plumb	director	3917, FAIRBREEZE CIR, WESTLAKE VLG CA 91361