Nowtransit (Nowtransit) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Nowtransit 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. Nowtransit's cash to debt ratio for the quarter that ended in Mar. 2024 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, Nowtransit could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

NOTR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 14.05 Max: No Debt
Current: No Debt

During the past 5 years, Nowtransit's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was 14.05.

NOTR's Cash-to-Debt is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 0.69 vs NOTR: No Debt

Nowtransit Cash-to-Debt Historical Data

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

Nowtransit Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Dec23

Cash-to-Debt

N/A

21.00

0.06

No Debt

Nowtransit Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial													No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Nowtransit's Cash-to-Debt

For the Pharmaceutical Retailers subindustry, Nowtransit'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.

Nowtransit's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Nowtransit's Cash-to-Debt distribution charts can be found below:

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

Nowtransit 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.

Nowtransit's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Nowtransit had no debt ⁽¹⁾.

Nowtransit's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Nowtransit had no debt ⁽¹⁾.

Nowtransit (OTCPK:NOTR) 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.

Nowtransit Cash-to-Debt Related Terms

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

Nowtransit (Nowtransit) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Nowtransit Inc (OTCPK:NOTR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2825 East Cottonwood Parkway, Suite 500 - No. 5130, Salt Lake City, USA, 84121

Website

https://www.nowtransitinc.com

Nowtransit Inc is a start-up company. The company intends to create an online platform that will provide transport services. It is planning to target Europe and North America markets.

Nowtransit (Nowtransit) Headlines

No Headlines

Nowtransit (Nowtransit) Cash-to-Debt : No Debt (1) (As of Mar. 2024)