INX Digital Co (NEOE:INXD) Cash-to-Debt : 104.97 (As of Sep. 2024)

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What is INX Digital Co 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. INX Digital Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 104.97.

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, INX Digital Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

NEOE:INXD' s Cash-to-Debt Range Over the Past 10 Years
Min: 21.57 Med: 34.78 Max: No Debt
Current: 104.97

During the past 4 years, INX Digital Co's highest Cash to Debt Ratio was No Debt. The lowest was 21.57. And the median was 34.78.

NEOE:INXD's Cash-to-Debt is ranked better than
85.38% of 2797 companies
in the Software industry
Industry Median: 2.33 vs NEOE:INXD: 104.97

INX Digital Co Cash-to-Debt Historical Data

The historical data trend for INX Digital Co'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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INX Digital Co Cash-to-Debt Chart

INX Digital Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

21.57

31.27

46.46

INX Digital Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial											41.10	46.46	51.55	59.61	104.97

Competitive Comparison of INX Digital Co's Cash-to-Debt

For the Software - Application subindustry, INX Digital Co'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.

INX Digital Co's Cash-to-Debt Distribution in the Software Industry

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

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

INX Digital Co 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.

INX Digital Co'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)
	=	54.175	/	(0.523	+	0.643)
	=	46.46

INX Digital Co'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)
	=	39.152	/	(0.294	+	0.079)
	=	104.97

INX Digital Co (NEOE:INXD) 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.

INX Digital Co Cash-to-Debt Related Terms

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INX Digital Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » INX Digital Co Inc (NEOE:INXD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

INXDF:USA FN4:Germany

Address

5th Sapir Street, Herzelia, ISR, V6C 0A3

Website

https://www.inx.co

INX Digital Co Inc is engaged in the operation and ongoing development of comprehensive infrastructure and regulated solutions for trading and investing in blockchain assets as well as utilizing digital assets as a form of payment. The Company operates in two segments namely Digital asset segment and Brokerage segment. It derives maximum revenue from Digital Asset Segment. The company also facilitates financial transactions between banks across globe and offers a full range of brokerage services to several banking institutions world-wide, mainly in foreign exchange and interest rate derivatives.

Executives

Shy Datika	10% Security Holder, Director, Senior Officer
Renata Szkoda	Senior Officer

INX Digital Co Headlines

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