V2Y (SGX:V2Y) Cash-to-Debt : 1.20 (As of Jun. 2024)

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What is V2Y 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. V2Y's cash to debt ratio for the quarter that ended in Jun. 2024 was 1.20.

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, V2Y could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for V2Y's Cash-to-Debt or its related term are showing as below:

SGX:V2Y' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.58 Med: 4.93 Max: No Debt
Current: 1.2

During the past 9 years, V2Y's highest Cash to Debt Ratio was No Debt. The lowest was 0.58. And the median was 4.93.

SGX:V2Y's Cash-to-Debt is ranked better than
52.04% of 1055 companies
in the Business Services industry
Industry Median: 1.02 vs SGX:V2Y: 1.20

V2Y Cash-to-Debt Historical Data

The historical data trend for V2Y'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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V2Y Cash-to-Debt Chart

V2Y Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

5.28

25.36

3.36

3.77

2.53

V2Y Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial											4.93	3.77	3.01	2.53	1.20

Competitive Comparison of V2Y's Cash-to-Debt

For the Specialty Business Services subindustry, V2Y'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.

V2Y's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, V2Y's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where V2Y's Cash-to-Debt falls into.

V2Y 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.

V2Y'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)
	=	0.664	/	(0.108	+	0.155)
	=	2.52

V2Y'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	/	(0.107	+	0.102)
	=	1.20

V2Y (SGX:V2Y) 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.

V2Y Cash-to-Debt Related Terms

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V2Y Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » V2Y Corp Ltd (SGX:V2Y) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

40 Jalan Pemimpin, No. 03-12, B9, Singapore, SGP, 577185

Website

https://www.v2y.si

V2Y Corp Ltd is a Singapore-based company with its principal activity being investment holding. The company has two reportable operating segments: Insurtech and Investment holding. Insurtech provides third-party administration and value-added services to brand partners in the computer, communication, and consumer electronics sector. It manages and executes their extended warranty and accidental damage protection programs. Investment holding pertains to the activities of an investment holding company. The majority of the company's revenue is generated by its Insurtech segment, and it operates mainly in Singapore.

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