Dynamite Blockchain (HAM:EVB) Cash-to-Debt : 6.63 (As of Oct. 2024)

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What is Dynamite Blockchain 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. Dynamite Blockchain's cash to debt ratio for the quarter that ended in Oct. 2024 was 6.63.

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, Dynamite Blockchain could pay off its debt using the cash in hand for the quarter that ended in Oct. 2024.

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

HAM:EVB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 1.49 Max: No Debt
Current: 6.61

During the past 10 years, Dynamite Blockchain's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 1.49.

HAM:EVB's Cash-to-Debt is ranked better than
62.36% of 2803 companies
in the Software industry
Industry Median: 2.61 vs HAM:EVB: 6.61

Dynamite Blockchain Cash-to-Debt Historical Data

The historical data trend for Dynamite Blockchain'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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Dynamite Blockchain Cash-to-Debt Chart

Dynamite Blockchain Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash-to-Debt

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3.50

5.15

11.82

0.53

43.78

Dynamite Blockchain Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Cash-to-Debt	Get a 7-Day Free Trial															0.05	43.78	15.10	7.72	6.63

Competitive Comparison of Dynamite Blockchain's Cash-to-Debt

For the Software - Infrastructure subindustry, Dynamite Blockchain'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.

Dynamite Blockchain's Cash-to-Debt Distribution in the Software Industry

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

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

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Dynamite Blockchain 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.

Dynamite Blockchain's Cash to Debt Ratio for the fiscal year that ended in Jan. 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)
	=	1.182	/	(0	+	0.027)
	=	43.78

Dynamite Blockchain's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	1.16	/	(0.175	+	0)
	=	6.63

Dynamite Blockchain (HAM:EVB) 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.

Dynamite Blockchain Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Dynamite Blockchain's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Dynamite Blockchain Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Dynamite Blockchain Corp (HAM:EVB) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

CRYBF:USA EVB:Germany KAS:Canada

Address

1055 West Georgia St, Suite 2400, Vancouver, BC, CAN, V6E 3P3

Website

https://www.dynamiteblock.com

Dynamite Blockchain Corp is focused on building a blockchain ecosystem focused on Kaspa. Kaspa is a cryptocurrency and blockchain network that distinguishes itself with its algorithm and focus on scalability. It aims to overcome some of the limitations faced by earlier cryptocurrencies like Bitcoin and Ethereum, particularly in terms of speed of scalability.

Dynamite Blockchain Headlines

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