Jetblack (Jetblack) Cash-to-Debt : 0.09 (As of Jun. 2017)

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What is Jetblack 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. Jetblack's cash to debt ratio for the quarter that ended in Jun. 2017 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, Jetblack couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2017.

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

JTBK's Cash-to-Debt is not ranked ^*
in the Capital Markets industry.
Industry Median: 1.87
* Ranked among companies with meaningful Cash-to-Debt only.

Jetblack Cash-to-Debt Historical Data

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

Jetblack Annual Data

Trend

Aug07

Aug08

Aug09

Aug10

Aug11

Aug12

Aug13

Dec14

Dec15

Dec16

Cash-to-Debt

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No Debt

N/A

0.04

Jetblack Quarterly Data
	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Dec14	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17
Cash-to-Debt	Get a 7-Day Free Trial															-	0.13	0.04	-0.14	0.09

Competitive Comparison of Jetblack's Cash-to-Debt

For the Capital Markets subindustry, Jetblack'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.

Jetblack's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Jetblack's Cash-to-Debt distribution charts can be found below:

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

Jetblack 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.

Jetblack's Cash to Debt Ratio for the fiscal year that ended in Dec. 2016 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)
	=	0.003	/	(0.05	+	0.03)
	=	0.04

Jetblack's Cash to Debt Ratio for the quarter that ended in Jun. 2017 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)
	=	0.003	/	(0	+	0.034)
	=	0.09

Jetblack (OTCPK:JTBK) 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.

Jetblack Cash-to-Debt Related Terms

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Jetblack (Jetblack) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Jetblack Corp (OTCPK:JTBK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

304 S. Jones Boulevard, Suite 5058, Las Vegas, NV, USA, 89107

Website

https://www.jetblackcorp.com

Jetblack Corp has initiated investments in Metaverse space, which is an investment into metaverse platforms and technologies. The company's current holdings include MANA (Decentraland) and SAND (SandBox) tokens. The Company plans to continue investing into Metaverse tokens over time, as opportunities are identified.