SPRQF (SPARQ Systems) Cash-to-Debt : 166.09 (As of Sep. 2024)

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What is SPARQ Systems 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. SPARQ Systems's cash to debt ratio for the quarter that ended in Sep. 2024 was 166.09.

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, SPARQ Systems could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

SPRQF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 76.97 Max: 244.68
Current: 165

During the past 6 years, SPARQ Systems's highest Cash to Debt Ratio was 244.68. The lowest was 0.04. And the median was 76.97.

SPRQF's Cash-to-Debt is ranked better than
92.35% of 1006 companies
in the Semiconductors industry
Industry Median: 1.7 vs SPRQF: 165.00

SPARQ Systems Cash-to-Debt Historical Data

The historical data trend for SPARQ Systems'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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SPARQ Systems Cash-to-Debt Chart

SPARQ Systems Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.04

45.74

242.13

120.61

0.55

SPARQ Systems Quarterly Data
	Dec19	Sep20	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial											10.93	0.55	0.33	186.42	166.09

Competitive Comparison of SPARQ Systems's Cash-to-Debt

For the Solar subindustry, SPARQ Systems'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.

SPARQ Systems's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, SPARQ Systems's Cash-to-Debt distribution charts can be found below:

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

SPARQ Systems 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.

SPARQ Systems'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)
	=	0.215	/	(0.36	+	0.028)
	=	0.55

SPARQ Systems's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	5.481	/	(0.023	+	0.01)
	=	166.09

SPARQ Systems (OTCPK:SPRQF) 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.

SPARQ Systems Cash-to-Debt Related Terms

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SPARQ Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SPARQ Systems Inc (OTCPK:SPRQF) » Definitions » Cash-to-Debt

Traded in Other Exchanges

SPRQ:Canada

Address

945 Princess Street, Innovation Park, Box 212, Kingston, ON, CAN, K7L 0E9

Website

https://www.sparqsys.com

SPARQ Systems Inc designs and manufactures next-generation single-phase microinverters for residential and commercial solar electric applications. SPARQ has developed a proprietary photovoltaic (PV) solution called the Quad; the Quad inverter optimizes four PV modules with a single microinverter, simplifying design & installation and lowering the cost for solar power installations when compared to existing market offerings. Its microinverter system can be used in any power grid, conventional or smart, around the globe.