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GDLG (Glidelogic) Cash-to-Debt : 0.09 (As of Oct. 2024)


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What is Glidelogic 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. Glidelogic's cash to debt ratio for the quarter that ended in Oct. 2024 was 0.09.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Glidelogic couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2024.

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

GDLG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03   Med: 2.92   Max: No Debt
Current: 0.09

During the past 4 years, Glidelogic's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 2.92.

GDLG's Cash-to-Debt is ranked worse than
92.87% of 2806 companies
in the Software industry
Industry Median: 2.585 vs GDLG: 0.09

Glidelogic Cash-to-Debt Historical Data

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

Glidelogic Annual Data
Trend Jan21 Jan22 Jan23 Jan24
Cash-to-Debt
N/A 5.83 2.50 -

Glidelogic Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.60 - 0.13 0.03 0.09

Competitive Comparison of Glidelogic's Cash-to-Debt

For the Software - Application subindustry, Glidelogic'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.

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

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

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


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Glidelogic 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.

Glidelogic's Cash to Debt Ratio for the fiscal year that ended in Jan. 2024 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)
=0 / (0.005 + 0)
=0.00

Glidelogic's Cash to Debt Ratio for the quarter that ended in Oct. 2024 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)
=0.002 / (0.022 + 0)
=0.09

* 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.

Glidelogic  (OTCPK:GDLG) 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.

Glidelogic Cash-to-Debt Related Terms

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Glidelogic Business Description

Industry
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Traded in Other Exchanges
N/A
Address
11264 Playa Court, Culver, CA, USA, 90230
Website
https://www.glidelogic.ai
Glidelogic Corp is a software development company that is developing an online platform and messenger. It offers software development, encryption, blockchain technologies, and related lines of business aimed at the broad public. It focuses on users whose primary significance in a messenger application is the security and privacy of sent data. Alongside with software related services the company provides software development consulting services.