ReadSoft AB (LTS:0GQO) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2014)

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What is ReadSoft AB 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. ReadSoft AB's cash to debt ratio for the quarter that ended in Jun. 2014 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, ReadSoft AB could pay off its debt using the cash in hand for the quarter that ended in Jun. 2014.

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

LTS:0GQO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.99 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, ReadSoft AB's highest Cash to Debt Ratio was No Debt. The lowest was 0.99. And the median was No Debt.

LTS:0GQO's Cash-to-Debt is not ranked
in the Software industry.
Industry Median: 2.55 vs LTS:0GQO: No Debt

ReadSoft AB Cash-to-Debt Historical Data

The historical data trend for ReadSoft AB'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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ReadSoft AB Cash-to-Debt Chart

ReadSoft AB Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Cash-to-Debt

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3.53

5.21

7.93

3.11

0.99

ReadSoft AB Quarterly Data
	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	0.99	No Debt	No Debt

Competitive Comparison of ReadSoft AB's Cash-to-Debt

For the Software - Application subindustry, ReadSoft AB'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.

ReadSoft AB's Cash-to-Debt Distribution in the Software Industry

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

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

ReadSoft AB 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.

ReadSoft AB's Cash to Debt Ratio for the fiscal year that ended in Dec. 2013 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)
	=	60.449	/	(33.381	+	27.861)
	=	0.99

ReadSoft AB's Cash to Debt Ratio for the quarter that ended in Jun. 2014 is calculated as:

ReadSoft AB had no debt ⁽¹⁾.

ReadSoft AB (LTS:0GQO) 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.

ReadSoft AB Cash-to-Debt Related Terms

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ReadSoft AB (LTS:0GQO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ReadSoft AB (LTS:0GQO) » Definitions » Cash-to-Debt

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Address

Website

ReadSoft AB is a Sweden-based company that creates and markets software and services for document automation, processes such as data entry, information verification, document workflows, and e-voicing. The company operates in over 16 countries worldwide, with partnerships in an additional 70. The company offers solutions primarily for industries such as banking, manufacturing, service bureaus, market research, insurance, government, and medical. Major customers include IKEA, Audi, Porsche, Yves Rocher, Swedish Tax, DaimlerChrysler, HSBS Bank, Avon, Bosch, London Underground, New York Transit, Toyota, Volvo, Monoprix, Ericsson, and ING. The company is headquartered in Helsingborg, Sweden. The company offers ReadSoft DOCUMENTS, a complete software platform for document automation. The product incorporates five Automation Areas: Capture, capturing the information in any format and making it ready for electronic processing; Understand, enabling the computer to read, sort, interpret, extract, and index documents electronically; Manage, providing customers with control of electronic documents, including the verification and quality control with archiving and monitoring capabilities; Integrate, integration with the business software; and Interchange, Electronic Data Interchange. Capabilities within each Automation Area are customized to the needs of the customer, and solutions can be expanded to include any required extra capabilities. Also, this software can be integrated with systems such as SAP and Oracle E-Business Suite, Intentia, and IFS. ReadSoft business solutions for specific areas include: ReadSoft Documents for Mailrooms, Documents for EDI, Documents for Invoices, and Documents for Forms. Additionally, the company offers Professional Services such as project management and customization, Solution Optimization, Training, and Technical Support.

ReadSoft AB (LTS:0GQO) Headlines

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ReadSoft AB (LTS:0GQO) Cash-to-Debt : No Debt (1) (As of Jun. 2014)