Catenai (LSE:CTAI) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2023)

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What is Catenai 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. Catenai's cash to debt ratio for the quarter that ended in Jun. 2023 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, Catenai could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

(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 Catenai's Cash-to-Debt or its related term are showing as below:

LSE:CTAI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.96 Max: No Debt
Current: No Debt

During the past 13 years, Catenai's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was 0.96.

LSE:CTAI's Cash-to-Debt is ranked better than
99.85% of 2725 companies
in the Software industry
Industry Median: 2.49 vs LSE:CTAI: No Debt

Catenai Cash-to-Debt Historical Data

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

Catenai Annual Data

Trend

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Cash-to-Debt

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0.96

2.56

0.16

0.13

39.67

Catenai Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															39.67	69.67	No Debt	No Debt	No Debt

Competitive Comparison of Catenai's Cash-to-Debt

For the Software - Infrastructure subindustry, Catenai'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.

Catenai's Cash-to-Debt Distribution in the Software Industry

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

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

Catenai 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.

Catenai's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	0.714	/	(0	+	0.018)
	=	39.67

Catenai's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Catenai had no debt ⁽¹⁾.

Catenai (LSE:CTAI) 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.

Catenai Cash-to-Debt Related Terms

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

Catenai (LSE:CTAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Catenai PLC (LSE:CTAI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

26/27 Lansdowne Terrace, Gosforth, Newcastle Upon Tyne, GBR, NE3 1HP

Website

https://www.catenaeinnovation.com

Catenae Innovation PLC is engaged in the provision of multimedia and technology solutions. It is a provider of financial technology and media publishing solutions utilising blockchain technologies. It generates revenue from the exploitation of intellectual property and licenses held.

Catenai (LSE:CTAI) Headlines

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Catenai (LSE:CTAI) Cash-to-Debt : No Debt (1) (As of Jun. 2023)