Darktrace (Darktrace) Cash-to-Debt : 6.37 (As of Dec. 2023)

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What is Darktrace 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. Darktrace's cash to debt ratio for the quarter that ended in Dec. 2023 was 6.37.

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, Darktrace could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

DRKTF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.43 Med: 5.97 Max: 11.08
Current: 6.37

During the past 6 years, Darktrace's highest Cash to Debt Ratio was 11.08. The lowest was 0.43. And the median was 5.97.

DRKTF's Cash-to-Debt is ranked better than
62.45% of 2796 companies
in the Software industry
Industry Median: 2.525 vs DRKTF: 6.37

Darktrace Cash-to-Debt Historical Data

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

Darktrace Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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2.06

1.52

9.71

6.12

6.20

Darktrace Semi-Annual Data
	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial						11.08	6.12	5.83	6.20	6.37

Competitive Comparison of Darktrace's Cash-to-Debt

For the Software - Infrastructure subindustry, Darktrace'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.

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

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

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

Darktrace 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.

Darktrace's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	356.986	/	(4.873	+	52.735)
	=	6.20

Darktrace's Cash to Debt Ratio for the quarter 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)
	=	383.15	/	(1.621	+	58.53)
	=	6.37

Darktrace (OTCPK:DRKTF) 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.

Darktrace Cash-to-Debt Related Terms

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Darktrace (Darktrace) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Darktrace PLC (OTCPK:DRKTF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DRKTY:USA DARKl:UK DARK:UK 7TJ:Germany

Address

Saint John’s Innovation Park, Cowley Road, Maurice Wilkes Building, Cambridge, GBR, CB4 0DS

Website

https://www.darktrace.com

Darktrace PLC is a provider of AI for the enterprise, with the first at-scale deployment of AI in cybersecurity. It is a pioneer of self-learning AI and is at the forefront of autonomous response technology. The Group's platform uses machine learning and AI algorithms to neutralize cyber threats across diverse digital estates, including the cloud and networks, IoT, and industrial control systems. Geographically, it derives a majority of revenue from the USA and Canada and also has a presence in the United Kingdom; Europe, and Rest of World.