Sparc AI (STU:5OV0) Cash-to-Debt : 0.28 (As of Sep. 2024)

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What is Sparc AI 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. Sparc AI's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.28.

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, Sparc AI couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

(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 Sparc AI's Cash-to-Debt or its related term are showing as below:

STU:5OV0' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 1.42 Max: No Debt
Current: 0.28

During the past 5 years, Sparc AI's highest Cash to Debt Ratio was No Debt. The lowest was 0.11. And the median was 1.42.

STU:5OV0's Cash-to-Debt is ranked worse than
82.05% of 2796 companies
in the Software industry
Industry Median: 2.33 vs STU:5OV0: 0.28

Sparc AI Cash-to-Debt Historical Data

The historical data trend for Sparc AI'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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Sparc AI Cash-to-Debt Chart

Sparc AI Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.11

0.75

1.47

0.33

No Debt

Sparc AI Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	0.28

Competitive Comparison of Sparc AI's Cash-to-Debt

For the Software - Application subindustry, Sparc AI'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.

Sparc AI's Cash-to-Debt Distribution in the Software Industry

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

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

Sparc AI 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.

Sparc AI's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Sparc AI had no debt ⁽¹⁾.

Sparc AI'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)
	=	0.012	/	(0.043	+	0)
	=	0.28

Sparc AI (STU:5OV0) 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.

Sparc AI Cash-to-Debt Related Terms

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Sparc AI Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sparc AI Inc (STU:5OV0) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SPAIF:USA 5OV0:Germany SPAI:Canada

Address

71 Victoria Crescent, Building 17, Abbotsford, VIC, AUS, 3067

Website

https://www.eyefigroup.com

Sparc AI Inc Formerly EYEFI Group Technologies Inc is a software and electronics engineering company that has developed, patented and commercialized an innovative spatial technology; spatial, predictive, approximation and radial convolution (SPARC) and an associated product suite, that turns sensors, cameras and smartphones (fixed, mobile, airborne, portable or handheld) into geo-target co-ordinate acquisition devices. The company has also developed IIoT sensor hardware and associated cloud software, as a second pillar within its product offering. Its Cloud is a next-generation cloud platform that provides a secure and centralized environment where customers can manage their EYEfi product deployments and applications. It has one segment software and electronics engineering services.

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