Nexteq (LSE:NXQ) Cash-to-Debt : 13.22 (As of Dec. 2023)

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What is Nexteq 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. Nexteq's cash to debt ratio for the quarter that ended in Dec. 2023 was 13.22.

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

LSE:NXQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.33 Med: 6.23 Max: 13.22
Current: 13.22

During the past 13 years, Nexteq's highest Cash to Debt Ratio was 13.22. The lowest was 0.33. And the median was 6.23.

LSE:NXQ's Cash-to-Debt is ranked better than
80.88% of 2469 companies
in the Hardware industry
Industry Median: 1.35 vs LSE:NXQ: 13.22

Nexteq Cash-to-Debt Historical Data

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

Nexteq Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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9.48

6.98

6.82

5.64

13.22

Nexteq Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															6.82	5.91	5.64	8.58	13.22

Competitive Comparison of Nexteq's Cash-to-Debt

For the Computer Hardware subindustry, Nexteq'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.

Nexteq's Cash-to-Debt Distribution in the Hardware Industry

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

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

Nexteq 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.

Nexteq'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)
	=	22.441	/	(0.521	+	1.176)
	=	13.22

Nexteq'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)
	=	22.441	/	(0.521	+	1.176)
	=	13.22

Nexteq (LSE:NXQ) 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.

Nexteq Cash-to-Debt Related Terms

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

Nexteq (LSE:NXQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nexteq PLC (LSE:NXQ) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

NXQ_GB:UK

Address

Station Road, The Galleria, Crawley, GBR, RH10 1WW

Website

https://www.nexteqplc.com

Nexteq PLC is a technology partner to industrial equipment manufacturers. The group's specialist outsourced solutions serve a range of selected end markets through its two divisions, Quixant and Densitron, enabling its customers to innovate where it matters most. Quixant designs and engineers gaming computers, software systems and accessories for the gaming and sports betting industries. Densitron produces a wide range of human machine interface hardware to global industrial markets, with key focus areas being the broadcast and medical sectors.

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