VRME (VerifyMe) Cash-to-Debt : 1.07 (As of Sep. 2024)

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What is VerifyMe 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. VerifyMe's cash to debt ratio for the quarter that ended in Sep. 2024 was 1.07.

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

VRME' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 6.35 Max: No Debt
Current: 1.07

During the past 13 years, VerifyMe's highest Cash to Debt Ratio was No Debt. The lowest was 0.07. And the median was 6.35.

VRME's Cash-to-Debt is ranked better than
50.62% of 1055 companies
in the Business Services industry
Industry Median: 1.02 vs VRME: 1.07

VerifyMe Cash-to-Debt Historical Data

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

VerifyMe Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.85

110.26

No Debt

1.43

1.03

VerifyMe 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															1.20	1.03	1.01	1.11	1.07

Competitive Comparison of VerifyMe's Cash-to-Debt

For the Security & Protection Services subindustry, VerifyMe'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.

VerifyMe's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, VerifyMe's Cash-to-Debt distribution charts can be found below:

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

VerifyMe 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.

VerifyMe'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)
	=	3.032	/	(0.67	+	2.282)
	=	1.03

VerifyMe'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)
	=	2.61	/	(0.666	+	1.784)
	=	1.07

VerifyMe (NAS:VRME) 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.

VerifyMe Cash-to-Debt Related Terms

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VerifyMe Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » VerifyMe Inc (NAS:VRME) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

801 International Parkway, Fifth Floor, Lake Mary, FL, USA, 32746

Website

https://www.verifyme.com

VerifyMe Inc together with its subsidiaries, is a traceability and customer support services provider using specialized software and process technology. The company operates a Precision Logistics Segment and an Authentication Segment to provide specialized logistics for time-and-temperature sensitive products, as well as item-level traceability, anti-diversion and anti-counterfeit protection, brand protection and enhancement technology solutions. It Generates the majority of its revenue from the Precision Logistics Segment. Through its Precision Logistics segment, it provides a value-added service for sensitive parcel management driven by a proprietary software platform that provides predictive analytics from key metrics such as pre-shipment weather analysis, flight-tracking, and Others.

Executives

Adam H Stedham	director	GP STRATEGIES CORPORATION, 11000 BROKEN LAND PARKWAY, SUITE 200, COLUMBIA MD 21044
Arthur B Laffer	director	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Marshall S Geller	director	10866 WILSHIRE BLVD., SUITE 1450, LOS ANGELES CA 90024
Scott N Greenberg	director	9 WEST 57 STREET, SUITE 4170, NEW YORK NY 10019
Paul Joseph Ryan	officer: EVP, Authentication	C/O VERIFYME, INC., 801 INTERNATIONAL PARKWAY, FIFTH FLOOR, LAKE MARY FL 32746
David Bruce Edmonds	director	C/O VERIFYME, INC., 801 INTERNATIONAL PARKWAY, FIFTH FLOOR, LAKE MARY FL 32746
Howard Goldberg	director
Fred Iii Volk	officer: VP-Ops, PeriShip Global LLC	C/O VERIFYME, INC., 75 S. CLINTON AVE, SUITE 510, ROCHESTER NY 14604
Jack Wang	officer: CIO, PeriShip Global LLC	C/O VERIFYME, INC., 75 S. CLINTON AVE, SUITE 510, ROCHESTER NY 14604
Curt Harris Kole	officer: EVP-Sales, PeriShip Global LLC	C/O VERIFYME, INC., 75 S. CLINTON AVE, SUITE 510, ROCHESTER NY 14604
Nancy L. Meyers	officer: Senior VP, Finance & IR	C/O VERIFYME, INC., 75 S. CLINTON AVE., SUITE 510, ROCHESTER NY 14604
Margaret Gezerlis	officer: Chief Financial Officer	C/O VERIFYME, INC., 75 S. CLINTON AVE., SUITE 510, ROCHESTER NY 14604
Keith Goldstein	officer: Acting Chief Operating Officer	C/O VERIFYME, INC., 75 S. CLINTON AVE., SUITE 510, ROCHESTER NY 14604
Sandy Fliderman	officer: Chief Technology Officer	3330 NORTHEAST 190TH STREET, APT 1815, AVENTURA FL 33180
Christopher P Gardner	director	C/O VERIFYME, INC., 75 S. CLINTON AVE., SUITE 510, ROCHESTER NY 14604