accesso Technology Group (FRA:LQG) Cash-to-Debt : 2.32 (As of Dec. 2023)

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What is accesso Technology 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. accesso Technology Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.32.

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, accesso Technology Group 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 accesso Technology Group's Cash-to-Debt or its related term are showing as below:

FRA:LQG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28 Med: 1.4 Max: 53.04
Current: 2.32

During the past 13 years, accesso Technology Group's highest Cash to Debt Ratio was 53.04. The lowest was 0.28. And the median was 1.40.

FRA:LQG's Cash-to-Debt is ranked worse than
51.57% of 2800 companies
in the Software industry
Industry Median: 2.55 vs FRA:LQG: 2.32

accesso Technology Group Cash-to-Debt Historical Data

The historical data trend for accesso Technology 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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accesso Technology Group Cash-to-Debt Chart

accesso Technology Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.73

1.78

17.14

52.99

2.32

accesso Technology Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															17.14	18.79	52.99	1.19	2.32

Competitive Comparison of accesso Technology Group's Cash-to-Debt

For the Software - Application subindustry, accesso Technology 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.

accesso Technology Group's Cash-to-Debt Distribution in the Software Industry

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

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

accesso Technology 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.

accesso Technology Group'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)
	=	47.513	/	(0.726	+	19.739)
	=	2.32

accesso Technology Group'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)
	=	47.513	/	(0.726	+	19.739)
	=	2.32

accesso Technology Group (FRA:LQG) 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.

accesso Technology Group Cash-to-Debt Related Terms

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accesso Technology Group (FRA:LQG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » accesso Technology Group PLC (FRA:LQG) » Definitions » Cash-to-Debt

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LOQPF:USA ACSO:UK

Address

Unit 5, The Pavilions, Ruscombe Park, Twyford, GBR, RG10 9NN

Website

https://www.accesso.com

accesso Technology Group PLC is a software company engaged in the development and application of ticketing, mobile, and eCommerce technologies,s, licensing, and operation of virtual queuing solutions s and providing a personalized experience to customers within the attractions and leisure industry. It operates in Ticketing and Distribution segment. Its solutions are accesso LoQueue, accesso Passport, accesso Siriuswarem, and accesso ShoWare, which provide solutions for ticketing & admissions, gift cards, kiosks, and eCommerce, box office, call center, and social media sales, food and beverage, retail, eCommerce via kiosk or mobile. It has a presence in the UK, other Europe, Australia, the USA, and Canada which drives key revenue, in Central and South America.

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