INEOF (INEO Tech) Cash-to-Debt : 0.81 (As of Dec. 2024)

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What is INEO Tech 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. INEO Tech's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.81.

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, INEO Tech couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

INEOF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 8.04 Max: No Debt
Current: 0.81

During the past 11 years, INEO Tech's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 8.04.

INEOF's Cash-to-Debt is ranked worse than
57.63% of 1036 companies
in the Media - Diversified industry
Industry Median: 1.305 vs INEOF: 0.81

INEO Tech Cash-to-Debt Historical Data

The historical data trend for INEO Tech'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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INEO Tech Cash-to-Debt Chart

INEO Tech Annual Data

Trend

May11

May12

May17

May18

May19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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2.53

18.66

6.47

0.33

INEO Tech Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.01	0.02	-	0.02	0.81

Competitive Comparison of INEO Tech's Cash-to-Debt

For the Advertising Agencies subindustry, INEO Tech'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.

INEO Tech's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, INEO Tech's Cash-to-Debt distribution charts can be found below:

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

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INEO Tech 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.

INEO Tech's Cash to Debt Ratio for the fiscal year that ended in Jun. 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	/	(0.258	+	1.194)
	=	0.00

INEO Tech's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	1.058	/	(0.848	+	0.462)
	=	0.81

INEO Tech (OTCPK:INEOF) 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.

INEO Tech Cash-to-Debt Related Terms

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INEO Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » INEO Tech Corp (OTCPK:INEOF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

INEO:Canada

Address

No 105 - 19130 24th Avenue, Surrey, BC, CAN, V3Z 3S9

Website

https://www.ineosolutionsinc.com

INEO Tech Corp is engaged in operating of the INEO Media Network for retailers, which provides retail analytics and targeted advertising through its cloud-based IoT (Internet of Things) and AI (Artificial Intelligence) technology. The Company operates the INEO Media Network using a SaaS-based model for retail stores. The operating segments of the company are Loss Prevention, Fabrication, Retail Media, and other.