Wiremedia (Wiremedia) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Wiremedia 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. Wiremedia's cash to debt ratio for the quarter that ended in Sep. 2023 was No Debt ⁽¹⁾.

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, Wiremedia could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(1) 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.

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

WRMA's Cash-to-Debt is not ranked ^*
in the Media - Diversified industry.
Industry Median: 1.265
* Ranked among companies with meaningful Cash-to-Debt only.

Wiremedia Cash-to-Debt Historical Data

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

Wiremedia Annual Data

Trend

Cash-to-Debt

Wiremedia Semi-Annual Data
	Sep23
Cash-to-Debt	No Debt

Competitive Comparison of Wiremedia's Cash-to-Debt

For the Advertising Agencies subindustry, Wiremedia'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.

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

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

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

Wiremedia 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.

Wiremedia's Cash to Debt Ratio for the fiscal year that ended in . 20 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Wiremedia's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Wiremedia had no debt ⁽¹⁾.

Wiremedia (OTCPK:WRMA) 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.

Wiremedia Cash-to-Debt Related Terms

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Wiremedia (Wiremedia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Wiremedia Inc (OTCPK:WRMA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

370 Amapola Avenue, Suite 200A, Torrance, CA, USA, 90501

Website

https://www.wiremedia.net

Wiremedia Inc focuses on creating mobile technologies and data applications. It offers mobile content marketing and distribution services to deliver mobile applications, services, and content to various industries and sectors. The company also manages a portfolio of business operations involving applications for Mobile Devices, Digital Media, and Marketplace.

Wiremedia (Wiremedia) Headlines

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Wiremedia (Wiremedia) Cash-to-Debt : No Debt (1) (As of Sep. 2023)