Wise (WIZEY) Cash-to-Debt : 303.79 (As of Sep. 2024)

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What is Wise 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. Wise's cash to debt ratio for the quarter that ended in Sep. 2024 was 303.79.

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

WIZEY' s Cash-to-Debt Range Over the Past 10 Years
Min: 16.45 Med: 49.11 Max: 303.79
Current: 303.79

During the past 6 years, Wise's highest Cash to Debt Ratio was 303.79. The lowest was 16.45. And the median was 49.11.

WIZEY's Cash-to-Debt is ranked better than
88.52% of 2797 companies
in the Software industry
Industry Median: 2.33 vs WIZEY: 303.79

Wise Cash-to-Debt Historical Data

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

Wise Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

34.35

16.45

24.23

43.43

64.73

Wise Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial						56.52	43.43	42.88	64.73	303.79

Competitive Comparison of Wise's Cash-to-Debt

For the Information Technology Services subindustry, Wise'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.

Wise's Cash-to-Debt Distribution in the Software Industry

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

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

Wise 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.

Wise'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)
	=	18441.042	/	(266.074	+	18.806)
	=	64.73

Wise'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)
	=	21056.349	/	(13.36	+	55.952)
	=	303.79

Wise (OTCPK:WIZEY) 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.

Wise Cash-to-Debt Related Terms

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Wise Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Wise PLC (OTCPK:WIZEY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

WPLCF:USA WISEl:UK WISE:UK 6WS:Germany

Address

56 Shoreditch High Street, 6th Floor, Tea Building, London, GBR, E1 6JJ

Website

https://www.wise.com

Wise PLC is a currency conversion platform utilizing a peer-to-peer network to reduce transfer costs. The group focuses primarily on private clients and small and midsize enterprises. By operating local accounts in each jurisdiction Wise sends money to or receives money from, this fintech offers faster and cheaper currency transfer services than incumbents (banks). Wise has started to broaden its product offering, issuing its clients debit cards and allowing customers to invest funds into various asset-management products.