PTEFF (Pioneering Technology) Cash-to-Debt : 0.35 (As of Jun. 2024)

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What is Pioneering Technology 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. Pioneering Technology's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.35.

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, Pioneering Technology couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

PTEFF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.87 Max: No Debt
Current: 0.35

During the past 13 years, Pioneering Technology's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was 0.87.

PTEFF's Cash-to-Debt is ranked worse than
67.87% of 1055 companies
in the Business Services industry
Industry Median: 1.02 vs PTEFF: 0.35

Pioneering Technology Cash-to-Debt Historical Data

The historical data trend for Pioneering Technology'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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Pioneering Technology Cash-to-Debt Chart

Pioneering Technology Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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No Debt

1.29

0.94

0.59

0.66

Pioneering Technology Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.57	0.66	0.66	0.49	0.35

Competitive Comparison of Pioneering Technology's Cash-to-Debt

For the Security & Protection Services subindustry, Pioneering Technology'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.

Pioneering Technology's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Pioneering Technology's Cash-to-Debt distribution charts can be found below:

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

Pioneering Technology 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.

Pioneering Technology's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	0.556	/	(0.153	+	0.684)
	=	0.66

Pioneering Technology's Cash to Debt Ratio for the quarter that ended in Jun. 2024 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)
	=	0.25	/	(0.162	+	0.553)
	=	0.35

Pioneering Technology (OTCPK:PTEFF) 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.

Pioneering Technology Cash-to-Debt Related Terms

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Pioneering Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Pioneering Technology Corp (OTCPK:PTEFF) » Definitions » Cash-to-Debt

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PTE:Canada

Address

2785 Skymark Avenue, Unit 13, Mississauga, ON, CAN, L4W 4Y3

Website

https://www.pioneeringtech.com

Pioneering Technology Corp is a Canadian-based.is an energy smart technology and consumer products company focused on developing thermo-based technology solutions for opportunities that exist to improve the safety and/or energy efficiency of some of the common household products and appliances. It offers products that provide effective cooking fire prevention solutions for both the residential and commercial markets. Its product portfolio includes Smart Burner, Smart Range, Smart Micro, SmartBurner Polish, Standard Ring Replacement Set and Low Profile Ring Replacement Set.. Its geographical coverage includes Canada and the United States whereas it generates the majority of its revenue from the United States.