Kidoz (TSXV:KIDZ) Cash-to-Debt : 179.18 (As of Dec. 2023)

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What is Kidoz 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. Kidoz's cash to debt ratio for the quarter that ended in Dec. 2023 was 179.18.

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

TSXV:KIDZ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 22.79 Max: No Debt
Current: 179.18

During the past 13 years, Kidoz's highest Cash to Debt Ratio was No Debt. The lowest was 0.17. And the median was 22.79.

TSXV:KIDZ's Cash-to-Debt is ranked better than
81.68% of 1037 companies
in the Media - Diversified industry
Industry Median: 1.25 vs TSXV:KIDZ: 179.18

Kidoz Cash-to-Debt Historical Data

The historical data trend for Kidoz'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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Kidoz Cash-to-Debt Chart

Kidoz Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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7.58

8.14

17.17

28.42

179.18

Kidoz Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															28.42	31.23	20.39	24.85	179.18

Competitive Comparison of Kidoz's Cash-to-Debt

For the Advertising Agencies subindustry, Kidoz'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.

Kidoz's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Kidoz's Cash-to-Debt distribution charts can be found below:

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

Kidoz 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.

Kidoz'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)
	=	1.971	/	(0.011	+	0)
	=	179.18

Kidoz'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)
	=	1.971	/	(0.011	+	0)
	=	179.18

Kidoz (TSXV:KIDZ) 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.

Kidoz Cash-to-Debt Related Terms

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

Kidoz (TSXV:KIDZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Kidoz Inc (TSXV:KIDZ) » Definitions » Cash-to-Debt

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KDOZF:USA

Address

1685 West 4th Avenue, Suite 220, Vancouver, BC, CAN, V6J 1L8

Website

https://www.kidoz.net

Kidoz Incs is an AdTech software developer and owner of the mobile Kidoz Safe Ad Network. The group help create a free and safe mobile app environment for children by enabling content producers to monetize their apps and video with safe, relevant, and fun ads. It provides an essential suite of advertising technology that unites brands, content publishers, and families. The Kidoz network does not use location or PII data tracking commonly used in digital advertising. Kidoz has developed advanced contextual targeting tools to enable brands to reach their ideal customers with complete brand safety. It generates the majority of its revenue from Ad tech advertising.

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