Taal Distributed Information Technologies (XCNQ:TAAL) Cash-to-Debt : 1.79 (As of Sep. 2022)

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What is Taal Distributed Information Technologies 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. Taal Distributed Information Technologies's cash to debt ratio for the quarter that ended in Sep. 2022 was 1.79.

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, Taal Distributed Information Technologies could pay off its debt using the cash in hand for the quarter that ended in Sep. 2022.

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

XCNQ:TAAL's Cash-to-Debt is not ranked ^*
in the Software industry.
Industry Median: 2.42
* Ranked among companies with meaningful Cash-to-Debt only.

Taal Distributed Information Technologies Cash-to-Debt Historical Data

The historical data trend for Taal Distributed Information Technologies'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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Taal Distributed Information Technologies Cash-to-Debt Chart

Taal Distributed Information Technologies Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Dec19

Dec20

Dec21

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

N/A

824.84

1.96

1.16

Taal Distributed Information Technologies Quarterly Data
	Oct17	Jan18	Apr18	Jul18	Oct18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash-to-Debt	Get a 7-Day Free Trial															7.98	1.16	0.34	0.93	1.79

Competitive Comparison of Taal Distributed Information Technologies's Cash-to-Debt

For the Software - Infrastructure subindustry, Taal Distributed Information Technologies'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.

Taal Distributed Information Technologies's Cash-to-Debt Distribution in the Software Industry

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

* The bar in red indicates where Taal Distributed Information Technologies's Cash-to-Debt falls into.

Taal Distributed Information Technologies 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.

Taal Distributed Information Technologies's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 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)
	=	16.634	/	(0.336	+	14.054)
	=	1.16

Taal Distributed Information Technologies's Cash to Debt Ratio for the quarter that ended in Sep. 2022 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)
	=	15.08	/	(0.354	+	8.05)
	=	1.79

Taal Distributed Information Technologies (XCNQ:TAAL) 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.

Taal Distributed Information Technologies Cash-to-Debt Related Terms

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Taal Distributed Information Technologies (XCNQ:TAAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Taal Distributed Information Technologies Inc (XCNQ:TAAL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

181 Bay Street, Suite 4260, Toronto, ON, CAN, M5J 2V1

Website

https://www.taal.com

Taal Distributed Information Technologies Inc delivers value-added blockchain services, providing professional-grade, highly scalable blockchain infrastructure and transactional platforms to support businesses building solutions and applications upon the BitcoinSV platform, and developing, operating, and managing distributed computing systems for enterprise users. The company's business can be generally divided along these lines: Digital Asset Hashing, Transaction Processing, Software Services, and Digital Asset Hashing Pool Management. The majority of revenue is generated in the Digital Asset Hashing area.

Taal Distributed Information Technologies (XCNQ:TAAL) Headlines

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