Engage XR Holdings (LSE:EXR) Cash-to-Debt : 89.67 (As of Dec. 2023)

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What is Engage XR Holdings 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. Engage XR Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 89.67.

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, Engage XR Holdings 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 Engage XR Holdings's Cash-to-Debt or its related term are showing as below:

LSE:EXR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 89.9 Max: No Debt
Current: 89.9

During the past 7 years, Engage XR Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.13. And the median was 89.90.

LSE:EXR's Cash-to-Debt is ranked better than
84.5% of 2800 companies
in the Software industry
Industry Median: 2.565 vs LSE:EXR: 89.90

Engage XR Holdings Cash-to-Debt Historical Data

The historical data trend for Engage XR Holdings'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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Engage XR Holdings Cash-to-Debt Chart

Engage XR Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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19.23

34.72

367.72

274.43

89.67

Engage XR Holdings Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								367.72	382.46	274.43	289.50	89.67

Competitive Comparison of Engage XR Holdings's Cash-to-Debt

For the Software - Application subindustry, Engage XR Holdings'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.

Engage XR Holdings's Cash-to-Debt Distribution in the Software Industry

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

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

Engage XR Holdings 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.

Engage XR Holdings'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)
	=	6.815	/	(0.046	+	0.03)
	=	89.67

Engage XR Holdings'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)
	=	6.815	/	(0.046	+	0.03)
	=	89.67

Engage XR Holdings (LSE:EXR) 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.

Engage XR Holdings Cash-to-Debt Related Terms

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Engage XR Holdings (LSE:EXR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Engage XR Holdings PLC (LSE:EXR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

6VR:Germany

Address

Old Kilmeaden Road, Unit 9 Cleaboy Business Park, Waterford, IRL, X91 AX83

Website

https://www.engagevr.io

Engage XR Holdings PLC operates as a virtual reality software and technology company in Ireland. It is engaged in the development of the educational Virtual Reality platform - ENGAGE. The company also develops and sells online virtual social learning and presentation platforms for creating, sharing, and delivering proprietary and third-party VR content for educational and corporate training purposes. Its products include ENGAGE platform, 1943 Berlin Blitz, Titanic VR, Apollo 11 VR, and RCSI medical training app.