Pexip Holding ASA (Pexip Holding ASA) Cash-to-Debt : 11.03 (As of Mar. 2024)

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What is Pexip Holding 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. Pexip Holding ASA's cash to debt ratio for the quarter that ended in Mar. 2024 was 11.03.

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, Pexip Holding ASA could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

PXPHF' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.09 Med: 8.26 Max: 18.71
Current: 11.03

During the past 7 years, Pexip Holding ASA's highest Cash to Debt Ratio was 18.71. The lowest was 1.09. And the median was 8.26.

PXPHF's Cash-to-Debt is ranked better than
68.71% of 2800 companies
in the Software industry
Industry Median: 2.45 vs PXPHF: 11.03

Pexip Holding ASA Cash-to-Debt Historical Data

The historical data trend for Pexip Holding 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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Pexip Holding ASA Cash-to-Debt Chart

Pexip Holding ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.09

10.86

6.67

4.66

10.36

Pexip Holding ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															6.58	7.75	8.76	10.36	11.03

Competitive Comparison of Pexip Holding ASA's Cash-to-Debt

For the Software - Application subindustry, Pexip Holding 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.

Pexip Holding ASA's Cash-to-Debt Distribution in the Software Industry

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

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

Pexip Holding 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.

Pexip Holding ASA'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)
	=	48.93	/	(1.536	+	3.187)
	=	10.36

Pexip Holding ASA's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	59.185	/	(1.813	+	3.552)
	=	11.03

Pexip Holding ASA (OTCPK:PXPHF) 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.

Pexip Holding ASA Cash-to-Debt Related Terms

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Pexip Holding ASA (Pexip Holding ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Pexip Holding ASA (OTCPK:PXPHF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PEXIPo:Sweden PEXIP:Norway 4W9:Germany

Address

Lilleakerveien 2A, 8th Floor, Oslo, NOR, 0283

Website

https://www.pexip.com

Pexip Holding ASA is a technology company that provides video communication solutions and virtual meeting solutions for businesses and individuals. Geographically, it derives a majority of revenue from Europe, the Middle East, and Africa and also has a presence in the Americas and the Asia Pacific. It serves Government; Healthcare; Education and Finance industries.