PlaySide Studios (FRA:QJ9) Cash-to-Debt : 16.00 (As of Dec. 2023)

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What is PlaySide Studios 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. PlaySide Studios's cash to debt ratio for the quarter that ended in Dec. 2023 was 16.00.

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, PlaySide Studios 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 PlaySide Studios's Cash-to-Debt or its related term are showing as below:

FRA:QJ9' s Cash-to-Debt Range Over the Past 10 Years
Min: 7.7 Med: 18.08 Max: 24.32
Current: 16

During the past 4 years, PlaySide Studios's highest Cash to Debt Ratio was 24.32. The lowest was 7.70. And the median was 18.08.

FRA:QJ9's Cash-to-Debt is ranked better than
64.17% of 561 companies
in the Interactive Media industry
Industry Median: 5.04 vs FRA:QJ9: 16.00

PlaySide Studios Cash-to-Debt Historical Data

The historical data trend for PlaySide Studios'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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PlaySide Studios Cash-to-Debt Chart

PlaySide Studios Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

22.89

7.70

18.08

19.28

PlaySide Studios Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			24.31	18.08	15.84	19.28	16.00

Competitive Comparison of PlaySide Studios's Cash-to-Debt

For the Electronic Gaming & Multimedia subindustry, PlaySide Studios'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.

PlaySide Studios's Cash-to-Debt Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, PlaySide Studios's Cash-to-Debt distribution charts can be found below:

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

PlaySide Studios 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.

PlaySide Studios'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)
	=	20.036	/	(0.286	+	0.753)
	=	19.28

PlaySide Studios'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)
	=	23.709	/	(0.509	+	0.973)
	=	16.00

PlaySide Studios (FRA:QJ9) 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.

PlaySide Studios Cash-to-Debt Related Terms

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PlaySide Studios (FRA:QJ9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » PlaySide Studios Ltd (FRA:QJ9) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PLY:Australia

Address

75 Crockford Street, Level 1, Port Melbourne, Melbourne, VIC, AUS, 3207

Website

https://www.playsidestudios.com

PlaySide Studios Ltd is a video game developer in Australia. The company delivers games across four platforms: Mobile, Virtual Reality (VR), Augmented Reality (AR) and PC. Some of its games include Ghost Pop, Flush Force, Defend the Bits, Dumb ways to dash, and many others. The company has one reportable segment, development and monetization of mobile , PC and console video games.

PlaySide Studios (FRA:QJ9) Headlines

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