Spark Technology A/S (OCSE:SPARK) Cash-to-Debt : 0.24 (As of Dec. 2023)

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What is Spark Technology A/S 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. Spark Technology A/S's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.24.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Spark Technology A/S couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Spark Technology A/S's Cash-to-Debt or its related term are showing as below:

OCSE:SPARK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24 Med: 1.58 Max: No Debt
Current: 0.24

During the past 10 years, Spark Technology A/S's highest Cash to Debt Ratio was No Debt. The lowest was 0.24. And the median was 1.58.

OCSE:SPARK's Cash-to-Debt is ranked worse than
82.33% of 798 companies
in the Capital Markets industry
Industry Median: 2.22 vs OCSE:SPARK: 0.24

Spark Technology A/S Cash-to-Debt Historical Data

The historical data trend for Spark Technology A/S'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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Spark Technology A/S Cash-to-Debt Chart

Spark Technology A/S Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

1.58

1.11

0.24

Spark Technology A/S Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial										1.58	185.31	1.11	0.17	0.24

Competitive Comparison of Spark Technology A/S's Cash-to-Debt

For the Capital Markets subindustry, Spark Technology A/S'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.

Spark Technology A/S's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Spark Technology A/S's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Spark Technology A/S's Cash-to-Debt falls into.

Spark Technology A/S 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.

Spark Technology A/S'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)
	=	9.273	/	(10.487	+	27.743)
	=	0.24

Spark Technology A/S'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)
	=	9.273	/	(10.487	+	27.743)
	=	0.24

Spark Technology A/S (OCSE:SPARK) 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.

Spark Technology A/S Cash-to-Debt Related Terms

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Spark Technology A/S (OCSE:SPARK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Spark Technology A/S (OCSE:SPARK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Njalsgade 76, 4, Copenhagen S, DNK, 2300

Website

https://www.spenn.com

Spenn Technology A/S is a a FinTech group providing electronic banking and payments services. The group's two primary solutions are the SPENN platform, a Software as a Service (SaaS) core banking platform and Kazang Zambia, its vendor terminal payments processor. The Company generated most of its revenue from a solution as a part of the SPENN platform Kazang Zambia.

Spark Technology A/S (OCSE:SPARK) Headlines

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