Coveo Solutions (TSX:CVO) Cash-to-Debt : 16.16 (As of Sep. 2024)

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What is Coveo Solutions 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. Coveo Solutions's cash to debt ratio for the quarter that ended in Sep. 2024 was 16.16.

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, Coveo Solutions 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 Coveo Solutions's Cash-to-Debt or its related term are showing as below:

TSX:CVO' s Cash-to-Debt Range Over the Past 10 Years
Min: 8.52 Med: 17.52 Max: 20.13
Current: 16.16

During the past 6 years, Coveo Solutions's highest Cash to Debt Ratio was 20.13. The lowest was 8.52. And the median was 17.52.

TSX:CVO's Cash-to-Debt is ranked better than
73.01% of 2797 companies
in the Software industry
Industry Median: 2.33 vs TSX:CVO: 16.16

Coveo Solutions Cash-to-Debt Historical Data

The historical data trend for Coveo Solutions'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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Coveo Solutions Cash-to-Debt Chart

Coveo Solutions Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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9.30

9.32

17.05

18.26

18.43

Coveo Solutions Quarterly Data
	Mar19	Mar20	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														16.87	16.84	18.43	20.13	16.16

Competitive Comparison of Coveo Solutions's Cash-to-Debt

For the Software - Infrastructure subindustry, Coveo Solutions'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.

Coveo Solutions's Cash-to-Debt Distribution in the Software Industry

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

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

Coveo Solutions 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.

Coveo Solutions's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	225.491	/	(2.914	+	9.32)
	=	18.43

Coveo Solutions'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)
	=	173.608	/	(2.82	+	7.924)
	=	16.16

Coveo Solutions (TSX:CVO) 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.

Coveo Solutions Cash-to-Debt Related Terms

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Coveo Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Coveo Solutions Inc (TSX:CVO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CVOSF:USA I94:Germany

Address

3175 des Quatre-Bourgeois, Suite 200, Quebec, QC, CAN, G1W 2K7

Website

https://www.coveo.com

Coveo Solutions Inc is an AI-powered platform. It provides applied AI solutions enabling enterprises to deliver relevant digital experiences at scale. The company's solutions provide value to its customers by helping drive revenue growth, reduce customer support costs, increase customer satisfaction and website engagement, and improve employee proficiency and satisfaction. Geographically, the company generates maximum revenue from the United Kingdom and the rest from the United States, Canada, and other regions.

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