White Pearl Technology Group AB (OSTO:WPTG B) Cash-to-Debt : 0.15 (As of Jun. 2023)

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What is White Pearl Technology Group AB 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. White Pearl Technology Group AB's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.15.

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, White Pearl Technology Group AB couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

(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 White Pearl Technology Group AB's Cash-to-Debt or its related term are showing as below:

OSTO:WPTG B' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: No Debt Max: No Debt
Current: 0.15

During the past 8 years, White Pearl Technology Group AB's highest Cash to Debt Ratio was No Debt. The lowest was 0.15. And the median was No Debt.

OSTO:WPTG B's Cash-to-Debt is ranked worse than
88.55% of 2803 companies
in the Software industry
Industry Median: 2.51 vs OSTO:WPTG B: 0.15

White Pearl Technology Group AB Cash-to-Debt Historical Data

The historical data trend for White Pearl Technology Group AB'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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White Pearl Technology Group AB Cash-to-Debt Chart

White Pearl Technology Group AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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1.37

No Debt

White Pearl Technology Group AB Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	0.15

Competitive Comparison of White Pearl Technology Group AB's Cash-to-Debt

For the Information Technology Services subindustry, White Pearl Technology Group AB'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.

White Pearl Technology Group AB's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, White Pearl Technology Group AB's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where White Pearl Technology Group AB's Cash-to-Debt falls into.

White Pearl Technology Group AB 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.

White Pearl Technology Group AB's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

White Pearl Technology Group AB had no debt ⁽¹⁾.

White Pearl Technology Group AB'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)
	=	10.236	/	(0	+	67.955)
	=	0.15

White Pearl Technology Group AB (OSTO:WPTG B) 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.

White Pearl Technology Group AB Cash-to-Debt Related Terms

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White Pearl Technology Group AB (OSTO:WPTG B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » White Pearl Technology Group AB (OSTO:WPTG B) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kungsgatan 29, Stockholm, SWE, 11156

Website

https://www.whitepearltech.com

White Pearl Technology Group AB is operating as a diversified IT company that not only sells its cutting-edge solutions and products but also offers a wide range of services and products from third-party vendors. With a strong global presence spanning 30 countries, the group has established itself as a key player in various markets around the world. The group's primary focus is on emerging markets, specifically Africa, the Middle East, Asia, and to a lesser extent, Latin America. These regions present significant growth opportunities, and the group is actively involved in catering to the technological needs of businesses operating in these markets. By providing innovative solutions and services, the group aims to empower organizations in these regions to thrive in the digital era.

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