ICTSF (ICTS International NV) Cash-to-Debt : 11.65 (As of Dec. 2023)

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What is ICTS International NV 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. ICTS International NV's cash to debt ratio for the quarter that ended in Dec. 2023 was 11.65.

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, ICTS International NV 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 ICTS International NV's Cash-to-Debt or its related term are showing as below:

ICTSF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.87 Max: 11.65
Current: 11.65

During the past 13 years, ICTS International NV's highest Cash to Debt Ratio was 11.65. The lowest was 0.09. And the median was 0.87.

ICTSF's Cash-to-Debt is ranked better than
90.65% of 963 companies
in the Transportation industry
Industry Median: 0.46 vs ICTSF: 11.65

ICTS International NV Cash-to-Debt Historical Data

The historical data trend for ICTS International NV'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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ICTS International NV Cash-to-Debt Chart

ICTS International NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.47

2.33

6.82

6.53

11.65

ICTS International NV Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															6.82	6.92	6.53	6.94	11.65

Competitive Comparison of ICTS International NV's Cash-to-Debt

For the Airports & Air Services subindustry, ICTS International NV'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.

ICTS International NV's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ICTS International NV's Cash-to-Debt distribution charts can be found below:

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

ICTS International NV 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.

ICTS International NV'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)
	=	89.224	/	(4.013	+	3.645)
	=	11.65

ICTS International NV'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)
	=	89.224	/	(4.013	+	3.645)
	=	11.65

ICTS International NV (OTCPK:ICTSF) 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.

ICTS International NV Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of ICTS International NV's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

ICTS International NV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ICTS International NV (OTCPK:ICTSF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Walaardt Sacrestraat 425-5th floor, Schiphol-Oost, Amsterdam, NH, NLD, 1117 BM

Website

https://www.ictsintl.com

ICTS International NV provides aviation security and other aviation services. Business activity of the firm is operated through Corporate, Airport security and other aviation services, and Authentication Technology segments. The Airport security and other aviation segment provide security and other services to airlines and airport authorities, predominantly in Europe and the U.S. The Authentication technology segment is involved in the development and sale of authentication security software to financial and other institutions. The geographical presence of the company in Germany, United States, Netherlands, Spain and Other countries out of its majority of the revenue generated from Germany.

Executives

Rom Shaked	other: Managing Director	79 EERSTE OOSTERPARKSTRAAT, AMSTERDAM P7 1091GW
Igal Tabori	10 percent owner	19 ALUMIM STREET, TEL AVIV L3 69690
Philip Getter	director, 10 percent owner	PRIME CHARTER LTD, 810 SEVENTH AVE, NEW YORK NY 10019
Spencer Corp	10 percent owner	AM HANSAKAI 14, ROSTOCK 2M 18147
Menachem Atzmon	director	ONE ROCKEFELLER PLAZA, SUITE 2412, NEW YORK NY 10020
David W Sass	director, 10 percent owner	260 MADISON AVE 18TH FLR, NEW YORK NY 10016
Gail Lieberman	director	175 EAST 79TH STREET, APT. 4D, NEW YORK NY 10075
Gordon Hausmann	director	C/O CH. HAUSMANN & CO., 5 DE WALDEN COURT 85 NEW CAVENDISH STREE, LONDON X0 W1W6XD
Ron Atzmon	director	18A YAAKOV STREET, TEL AVIV L3 6901552
Gil Atzmon	director	2 HACHERMESH STREET, SAVYON L3 0000000000
Alon Raich	director	C/O ICTS INTERNATIONAL, N.V., BIESBOSCH 225, 1181 JC AMSTELVEEN P7 0000000000
Elie Housman	director	600 WEST END AVENUE 12-CD, NEW YORK NY 10022
Amos Megides	10 percent owner	21 MOROD HANACHAL STREET, HOFIT L3 40300
Ran Langer	officer: Managing Director	ONE ROCKEFELLER PLAZA, SUITE 2412, NEW YORK NY 10020
Dan Avraham	officer: Managing Director	ONE ROCKEFELLER PLAZA, SUITE 2412, NEW YORK NY 10020