Grom Social Enterprises (Grom Social Enterprises) Cash-to-Debt : 0.41 (As of Mar. 2024)

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What is Grom Social Enterprises 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. Grom Social Enterprises's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.41.

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, Grom Social Enterprises couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

GROMW' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.41 Max: No Debt
Current: 0.41

During the past 9 years, Grom Social Enterprises's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 0.41.

GROMW's Cash-to-Debt is ranked worse than
81.91% of 586 companies
in the Interactive Media industry
Industry Median: 4.635 vs GROMW: 0.41

Grom Social Enterprises Cash-to-Debt Historical Data

The historical data trend for Grom Social Enterprises'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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Grom Social Enterprises Cash-to-Debt Chart

Grom Social Enterprises Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.08

0.03

1.64

2.35

1.55

Grom Social Enterprises Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															2.64	1.53	2.37	1.55	0.41

Competitive Comparison of Grom Social Enterprises's Cash-to-Debt

For the Internet Content & Information subindustry, Grom Social Enterprises'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.

Grom Social Enterprises's Cash-to-Debt Distribution in the Interactive Media Industry

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

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

Grom Social Enterprises 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.

Grom Social Enterprises'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)
	=	2.505	/	(0.46	+	1.155)
	=	1.55

Grom Social Enterprises's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	0.452	/	(0.55	+	0.561)
	=	0.41

Grom Social Enterprises (NAS:GROMW) 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.

Grom Social Enterprises Cash-to-Debt Related Terms

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Grom Social Enterprises (Grom Social Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Grom Social Enterprises Inc (NAS:GROMW) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GROM:USA

Address

2060 NW Boca Raton Boulevard, Suite 6, Boca Raton, FL, USA, 33431

Website

https://www.gromsocial.com

Grom Social Enterprises Inc is a social media, technology, and entertainment company for kids focused on producing original content. In addition to providing a social media platform, the company creates content consisting of animated characters, interactive charts, videos, blogs, and games.