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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. WithSecure's cash to debt ratio for the quarter that ended in Sep. 2025 was 1.22.
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, WithSecurecould pay off its debt using the cash in hand for the quarter that ended in Sep. 2025.
The historical rank and industry rank for WithSecure's Cash-to-Debt or its related term are showing as below:
FSOYF'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.48 Med: 2.15 Max: No Debt
Current: 1.22
During the past 13 years, WithSecure's highest Cash to Debt Ratio was No Debt. The lowest was 0.48. And the median was 2.15.
FSOYF's Cash-to-Debt is not ranked
in the Software industry.
Industry Median: 2.52
vs FSOYF: 1.22
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.
WithSecure Cash-to-Debt Related Terms
WithSecure Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for WithSecure'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.
FSOYF vs MSFT, ORCL, PLTR: Cash-to-Debt Comparison
For the Software - Infrastructure subindustry, WithSecure'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.
WithSecure Cash-to-Debt vs Software Industry
For the Software industry and Technology sector, WithSecure's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where WithSecure's Cash-to-Debt falls into.
* 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.
WithSecure (FSOYF) has a Cash-to-Debt of 1.22 as of Sep. 2025. This is 43% below median its historical median of 2.15. Over the past decade, WithSecure's Cash-to-Debt has ranged from 0.48 to 10,000.00.
Is WithSecure's Cash-to-Debt too high?
WithSecure's current Cash-to-Debt of 1.22 is 43% below median its 10-year median of 2.15. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 10,000.00. The Software industry median Cash-to-Debt is 2.52. WithSecure's value of 1.22 is 51.6% below this industry median. Overall, WithSecure has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does WithSecure's Cash-to-Debt compare to MSFT and ORCL?
WithSecure's Cash-to-Debt of 1.22 can be compared against companies in the Software industry. The industry median Cash-to-Debt is 2.52. WithSecure's value of 1.22 is 51.6% below this benchmark. Historically, WithSecure's own Cash-to-Debt has ranged from 0.48 to 10,000.00 over the past decade. While the company's 10-year median is 2.15 vs. the industry median of 2.52, WithSecure has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Software company?
The median Cash-to-Debt among Software companies is 2.52, based on 2,852 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. WithSecure's current Cash-to-Debt of 1.22 is 51.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median Cash-to-Debt is 2.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WithSecure's current Cash-to-Debt is 1.22, which is 43% below median its own 10-year median of 2.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WithSecure stock overvalued right now?
WithSecure (FSOYF) has a current Cash-to-Debt of 1.22. The stock's GF Value™ is $0.90, compared to a current price of $1.62 — trading 80% above its estimated fair value. The current Cash-to-Debt is 1.22, which is 43% below median its 10-year median of 2.15 and 51.6% below the Software industry median of 2.52. WithSecure's overall GF Score™ is 45/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For WithSecure (FSOYF), the current Cash-to-Debt is 1.22 as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is WithSecure (FSOYF) Overvalued in 2026?
Based on GuruFocus' analysis, WithSecure stock appears to be overvalued.
The current stock price of $1.62 is trading 80% above its estimated GF Value™ of $0.90.
Key valuation signals for FSOYF:
Cash-to-Debt: 1.22 (43% below median its 10-year median of 2.15)
GF Value™: $0.90 vs. price of $1.62 (80% above fair value)
Industry Position: 51.6% below the Software median
No single metric tells the full story. See the FSOYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WithSecure Corp, formerly F-Secure Corp is a cyber security products and services company The Company has one segment which is security. Its solutions help to protect thousands of businesses from security threats. Geographically, WithSecure is focused on Europe and the United States, and the company's products are sold by thousands of resellers. The company's revenue is split into three categories. Cloud revenue includes the Elements platform cloud-based products, Managed Detection and Response (MDR) and Cloud Protection for Salesforce (CPSF) revenue. Onpremise revenue includes the Elements portfolio on-premise product (Endpoint protection) and other legacy products. Consulting revenue includes the cyber security consulting services.
45GF Score
Get the complete analysis for FSOYF
Cash-to-Debt is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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