VSMR (Verify Smart) Cash-to-Debt : 0.01 (As of Jun. 2024)

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What is Verify Smart 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. Verify Smart's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.01.

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, Verify Smart couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

VSMR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.71
Current: 0.01

During the past 12 years, Verify Smart's highest Cash to Debt Ratio was 0.71. The lowest was 0.01. And the median was 0.03.

VSMR's Cash-to-Debt is ranked worse than
98.64% of 2796 companies
in the Software industry
Industry Median: 2.33 vs VSMR: 0.01

Verify Smart Cash-to-Debt Historical Data

The historical data trend for Verify Smart'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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Verify Smart Cash-to-Debt Chart

Verify Smart Annual Data

Trend

Jun08

Jun09

Jun10

Jun11

Jun12

Jun17

Jun18

Jun22

Jun23

Jun24

Cash-to-Debt

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0.16

0.71

0.03

0.01

Verify Smart Semi-Annual Data
	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun17	Jun18	Jun22	Jun23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial							0.16	0.71	0.03	0.03	0.01

Competitive Comparison of Verify Smart's Cash-to-Debt

For the Software - Application subindustry, Verify Smart'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.

Verify Smart's Cash-to-Debt Distribution in the Software Industry

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

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

Verify Smart 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.

Verify Smart's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	0.001	/	(0.101	+	0)
	=	0.01

Verify Smart's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	0.001	/	(0.101	+	0)
	=	0.01

Verify Smart (OTCPK:VSMR) 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.

Verify Smart Cash-to-Debt Related Terms

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

Verify Smart Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Verify Smart Corp (OTCPK:VSMR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

40 Hillside Avenue, Mahwah, NJ, USA, 07430

Website

https://www.verifysmart.net

Verify Smart Corp is engaged in the business of developing and selling internet security software for credit card fraud prevention. The Company was originally formed to engage in the acquisition, exploration and development of natural resource properties.

Executives

Howard Stephen Gelfand	director, 10 percent owner, officer: PRES, CEO, TRES, CFO, SECR	5050 KINGSWAY,, BURNABY, BC A1 V5H 4H2
Gordon Koshowski	director	#109 - 114 W MAGNOLIA, SUITE 400, BELLINGHAM WA 98225

Verify Smart Headlines

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