TOITF (Topicus com) Cash-to-Debt : 0.57 (As of Sep. 2024)

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What is Topicus com 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. Topicus com's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.57.

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

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

TOITF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 0.53 Max: 0.78
Current: 0.57

During the past 5 years, Topicus com's highest Cash to Debt Ratio was 0.78. The lowest was 0.23. And the median was 0.53.

TOITF's Cash-to-Debt is ranked worse than
72.82% of 2796 companies
in the Software industry
Industry Median: 2.33 vs TOITF: 0.57

Topicus com Cash-to-Debt Historical Data

The historical data trend for Topicus com'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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Topicus com Cash-to-Debt Chart

Topicus com Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.23

0.54

0.33

0.42

0.62

Topicus com 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															0.54	0.62	0.65	0.59	0.57

Competitive Comparison of Topicus com's Cash-to-Debt

For the Software - Infrastructure subindustry, Topicus com'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.

Topicus com's Cash-to-Debt Distribution in the Software Industry

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

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

Topicus com 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.

Topicus com'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)
	=	195.269	/	(198.136	+	115.746)
	=	0.62

Topicus com'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)
	=	260.383	/	(352.274	+	106.6)
	=	0.57

Topicus com (OTCPK:TOITF) 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.

Topicus com Cash-to-Debt Related Terms

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Topicus com Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Topicus com Inc (OTCPK:TOITF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TOI:Canada

Address

20 Adelaide Street East, Suite 1200, Toronto, ON, CAN, M5C 2T6

Website

https://www.topicus.com

Topicus com Inc is a provider of vertical market software and vertical market platforms to clients in the public and private sector. It is engaged in development, installation and customization of software and the provision of related professional services and support for customers across different markets predominantly in Europe. Substantial revenue is derived from maintenance and professional services offered by the firm.