NICE Holdings Co (XKRX:034310) Cash-to-Debt : 0.84 (As of Sep. 2024)

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What is NICE Holdings Co 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. NICE Holdings Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.84.

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, NICE Holdings Co couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

XKRX:034310' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.8 Med: 1.19 Max: 1.88
Current: 0.84

During the past 13 years, NICE Holdings Co's highest Cash to Debt Ratio was 1.88. The lowest was 0.80. And the median was 1.19.

XKRX:034310's Cash-to-Debt is ranked worse than
70.32% of 785 companies
in the Capital Markets industry
Industry Median: 2.39 vs XKRX:034310: 0.84

NICE Holdings Co Cash-to-Debt Historical Data

The historical data trend for NICE Holdings Co'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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NICE Holdings Co Cash-to-Debt Chart

NICE Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.48

1.37

1.03

0.86

0.98

NICE Holdings Co 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															0.93	0.98	0.89	0.80	0.84

Competitive Comparison of NICE Holdings Co's Cash-to-Debt

For the Financial Data & Stock Exchanges subindustry, NICE Holdings Co'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.

NICE Holdings Co's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, NICE Holdings Co's Cash-to-Debt distribution charts can be found below:

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

NICE Holdings Co 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.

NICE Holdings Co'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)
	=	900441.169	/	(779615.746	+	143472.546)
	=	0.98

NICE Holdings Co'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)
	=	794107.062	/	(826229.109	+	122321.449)
	=	0.84

NICE Holdings Co (XKRX:034310) 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.

NICE Holdings Co Cash-to-Debt Related Terms

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NICE Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » NICE Holdings Co Ltd (XKRX:034310) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

17, Eunhaeng-ro, Yeongdeungpo-Gu, Seoul, KOR

Website

http://www.nice.co.kr

NICE Holdings Co Ltd is engaged in the financial services domain. The Korea-based firm conducts capital market activities including credit rating, corporate information, individual credit information, automatic teller machine (ATM) management, credit card settlement, marketing research, distressed-debt dealing and investment, asset management, as well as real estate rental business.

NICE Holdings Co Headlines

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