LEBGF (Legible) Cash-to-Debt : 0.08 (As of Sep. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Legible 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. Legible's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.08.

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, Legible couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

LEBGF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.08 Max: No Debt
Current: 0.08

During the past 4 years, Legible's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.08.

LEBGF's Cash-to-Debt is ranked worse than
87.32% of 1033 companies
in the Media - Diversified industry
Industry Median: 1.23 vs LEBGF: 0.08

Legible Cash-to-Debt Historical Data

The historical data trend for Legible'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.

* Premium members only.

Legible Cash-to-Debt Chart

Legible Annual Data

Trend

Jun20

Jun21

Dec22

Dec23

Cash-to-Debt

0.08

Legible Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial													0.11	0.08	-	0.02	0.08

Competitive Comparison of Legible's Cash-to-Debt

For the Publishing subindustry, Legible'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.

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

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

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

Legible 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.

Legible'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)
	=	0.056	/	(0.669	+	0.075)
	=	0.08

Legible's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.203	/	(1.007	+	1.569)
	=	0.08

Legible (OTCPK:LEBGF) 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.

Legible Cash-to-Debt Related Terms

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

Legible Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Legible Inc (OTCPK:LEBGF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

D0T:Germany READ:Canada

Address

2230 Ontario Street, Vancouver, BC, CAN, V5T 2X2

Website

https://www.legible.com/about

Legible Inc is a book entertainment and media company. The Company has developed two high-value verticals; firstly, a browser first accessible B2C eBook entertainment platform for the emerging web with high-growth potential called legible.com - an eBook entertainment platform delivering beautiful, accessible & immersive reading for next-generation readers; and secondly, a B2B eBook conversion and production service with high-revenue potential called Legible Publishing.