IDEX Biometrics ASA (OSL:IDEX) Cash-to-Debt : 5.12 (As of Jun. 2023)

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What is IDEX Biometrics ASA 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. IDEX Biometrics ASA's cash to debt ratio for the quarter that ended in Jun. 2023 was 5.12.

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, IDEX Biometrics ASA could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for IDEX Biometrics ASA's Cash-to-Debt or its related term are showing as below:

OSL:IDEX' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.81 Med: No Debt Max: No Debt
Current: 5.12

During the past 13 years, IDEX Biometrics ASA's highest Cash to Debt Ratio was No Debt. The lowest was 4.81. And the median was No Debt.

OSL:IDEX's Cash-to-Debt is ranked better than
59.94% of 2796 companies
in the Software industry
Industry Median: 2.42 vs OSL:IDEX: 5.12

IDEX Biometrics ASA Cash-to-Debt Historical Data

The historical data trend for IDEX Biometrics ASA'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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IDEX Biometrics ASA Cash-to-Debt Chart

IDEX Biometrics ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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No Debt

10.07

6.88

90.42

10.43

IDEX Biometrics ASA Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															137.18	13.02	10.43	4.81	5.12

Competitive Comparison of IDEX Biometrics ASA's Cash-to-Debt

For the Software - Application subindustry, IDEX Biometrics ASA'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.

IDEX Biometrics ASA's Cash-to-Debt Distribution in the Software Industry

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

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

IDEX Biometrics ASA 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.

IDEX Biometrics ASA's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	159.05	/	(3.972	+	11.283)
	=	10.43

IDEX Biometrics ASA's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	118.275	/	(6.683	+	16.421)
	=	5.12

IDEX Biometrics ASA (OSL:IDEX) 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.

IDEX Biometrics ASA Cash-to-Debt Related Terms

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IDEX Biometrics ASA (OSL:IDEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » IDEX Biometrics ASA (OSL:IDEX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

IDXAD:USA IDEXO:Sweden I8X0:Germany

Address

Dronning Eufemias gate 16, Fornebu, Oslo, NOR, NO?0191

Website

https://www.idexbiometrics.com

IDEX Biometrics ASA is a fingerprint imaging, recognition, and authentication technology company. It is engaged in developing and commercializing fingerprint authentication solutions optimized for use in smart cards, based on patented and proprietary sensor technologies, integrated circuit designs, and specialized firmware and software. IDEX provides hardware and software fingerprint solutions suitable for embedding into products to strengthen security and enhance user-friendliness products. Its product portfolio includes Biometric fingerprint sensors, Biometrics fingerprint modules, Enrollment solutions, and others. The company operates in Europe, the Middle East, and Africa, America, and Asia.