GTSWF (GetSwift Technologies) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2021)

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What is GetSwift Technologies 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. GetSwift Technologies's cash to debt ratio for the quarter that ended in Mar. 2021 was No Debt ⁽¹⁾.

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, GetSwift Technologies could pay off its debt using the cash in hand for the quarter that ended in Mar. 2021.

(1) 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.

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

GTSWF's Cash-to-Debt is not ranked ^*
in the Software industry.
Industry Median: 2.385
* Ranked among companies with meaningful Cash-to-Debt only.

GetSwift Technologies Cash-to-Debt Historical Data

The historical data trend for GetSwift Technologies'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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GetSwift Technologies Cash-to-Debt Chart

GetSwift Technologies Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Cash-to-Debt

No Debt

101.87

GetSwift Technologies Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21
Cash-to-Debt	Get a 7-Day Free Trial											No Debt	N/A	101.87	N/A	No Debt

Competitive Comparison of GetSwift Technologies's Cash-to-Debt

For the Software - Application subindustry, GetSwift Technologies'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.

GetSwift Technologies's Cash-to-Debt Distribution in the Software Industry

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

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

GetSwift Technologies 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.

GetSwift Technologies's Cash to Debt Ratio for the fiscal year that ended in Jun. 2020 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)
	=	23.327	/	(0.229	+	0)
	=	101.86

GetSwift Technologies's Cash to Debt Ratio for the quarter that ended in Mar. 2021 is calculated as:

GetSwift Technologies had no debt ⁽¹⁾.

GetSwift Technologies (OTCPK:GTSWF) 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.

GetSwift Technologies Cash-to-Debt Related Terms

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GetSwift Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GetSwift Technologies Ltd (OTCPK:GTSWF) » Definitions » Cash-to-Debt

Comparable Companies

TSXV:ID XSAT:JOJK XCNQ:PLNK ASX:AO1 WAR:ITL WAR:MAD XCNQ:PPK OCSE:NEXCOM TSXV:NPA XCNQ:PUSH

Traded in Other Exchanges

N/A

Address

1185 6th Avenue, New York, NY, USA, 10036

Website

https://www.getswift.co

GetSwift Technologies Ltd is a technology and services company that offers a suite of software, products, and services through its operating subsidiaries, which are focused on business and logistics and automation, data management and analysis, communications, information security, and infrastructure optimization and also includes e-commerce and marketplace ordering, workforce management, data analytics and augmentation, business intelligence, route optimization, cash management, task management shift management, asset tracking, real-time alerts, cloud communications, and communications infrastructure services and products through consulting, design, construction, and maintenance.