Neptune Digital Assets (Neptune Digital Assets) Cash-to-Debt : No Debt ⁽¹⁾ (As of Feb. 2024)

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What is Neptune Digital Assets 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. Neptune Digital Assets's cash to debt ratio for the quarter that ended in Feb. 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, Neptune Digital Assets could pay off its debt using the cash in hand for the quarter that ended in Feb. 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 Neptune Digital Assets's Cash-to-Debt or its related term are showing as below:

NPPTF' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.13 Med: No Debt Max: No Debt
Current: No Debt

During the past 5 years, Neptune Digital Assets's highest Cash to Debt Ratio was No Debt. The lowest was 2.13. And the median was No Debt.

NPPTF's Cash-to-Debt is ranked better than
99.35% of 775 companies
in the Capital Markets industry
Industry Median: 1.96 vs NPPTF: No Debt

Neptune Digital Assets Cash-to-Debt Historical Data

The historical data trend for Neptune Digital Assets'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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Neptune Digital Assets Cash-to-Debt Chart

Neptune Digital Assets Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

5.12

No Debt

Neptune Digital Assets Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Neptune Digital Assets's Cash-to-Debt

For the Capital Markets subindustry, Neptune Digital Assets'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.

Neptune Digital Assets's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Neptune Digital Assets's Cash-to-Debt distribution charts can be found below:

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

Neptune Digital Assets 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.

Neptune Digital Assets's Cash to Debt Ratio for the fiscal year that ended in Aug. 2023 is calculated as:

Neptune Digital Assets had no debt ⁽¹⁾.

Neptune Digital Assets's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

Neptune Digital Assets had no debt ⁽¹⁾.

Neptune Digital Assets (OTCPK:NPPTF) 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.

Neptune Digital Assets Cash-to-Debt Related Terms

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Neptune Digital Assets (Neptune Digital Assets) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Neptune Digital Assets Corp (OTCPK:NPPTF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

1NW:Germany NDA:Canada

Address

1133 Melville Street, The Stack, Suite 2700, Vancouver, BC, CAN, V6E 4E5

Website

https://www.neptunedigitalassets.com

Neptune Digital Assets Corp is engaged in the business that building, owning, and operating digital currency infrastructure assets. Its core assets are Bitcoin mining equipment and Digital currencies and its primary business model is to generate Bitcoin. Its ancillary activities include staking and lending various digital currencies to earn interest and staking rewards. It operates in Canada and the United States.