Tokens.com (TSXV:COIN) Cash-to-Debt : 23.79 (As of Dec. 2023)

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What is Tokens.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. Tokens.com's cash to debt ratio for the quarter that ended in Dec. 2023 was 23.79.

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, Tokens.com could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSXV:COIN' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.36 Med: 31.11 Max: No Debt
Current: 23.79

During the past 4 years, Tokens.com's highest Cash to Debt Ratio was No Debt. The lowest was 3.36. And the median was 31.11.

TSXV:COIN's Cash-to-Debt is ranked better than
73.45% of 791 companies
in the Capital Markets industry
Industry Median: 1.83 vs TSXV:COIN: 23.79

Tokens.com Cash-to-Debt Historical Data

The historical data trend for Tokens.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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Tokens.com Cash-to-Debt Chart

Tokens.com Annual Data

Trend

Dec20

Dec21

Sep22

Sep23

Cash-to-Debt

No Debt

N/A

27.95

Tokens.com Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							43.85	40.00	34.27	27.95	23.79

Competitive Comparison of Tokens.com's Cash-to-Debt

For the Capital Markets subindustry, Tokens.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.

Tokens.com's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Tokens.com's Cash-to-Debt distribution charts can be found below:

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

Tokens.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.

Tokens.com's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	4.724	/	(0.169	+	0)
	=	27.95

Tokens.com's Cash to Debt Ratio for the quarter 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)
	=	3.997	/	(0.168	+	0)
	=	23.79

Tokens.com (TSXV:COIN) 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.

Tokens.com Cash-to-Debt Related Terms

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

Tokens.com (TSXV:COIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Tokens.com Corp (TSXV:COIN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SMURF:USA 76M:Germany

Address

100 King Street West, 3400 One First Canadian Place, Toronto, ON, CAN, M5X 1A4

Website

https://www.tokens.com

Tokens.com Corp is traded technology company that invests in web3 assets and builds web3 business. It operates the technology that secures next generation blockchain networks through Proof-of-Stake technology that supports the growth of decentralized finance applications. The Company focuses on three operating segments: i) crypto staking, ii) the metaverse and, iii) play-to-earn crypto gaming. It generate majority of its revenue from staking.