Bitnine Co (XKRX:357880) Cash-to-Debt : 0.06 (As of Sep. 2024)

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What is Bitnine 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. Bitnine Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.06.

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

XKRX:357880' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 1.06 Max: 84.79
Current: 0.06

During the past 5 years, Bitnine Co's highest Cash to Debt Ratio was 84.79. The lowest was 0.06. And the median was 1.06.

XKRX:357880's Cash-to-Debt is ranked worse than
94.49% of 2797 companies
in the Software industry
Industry Median: 2.33 vs XKRX:357880: 0.06

Bitnine Co Cash-to-Debt Historical Data

The historical data trend for Bitnine 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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Bitnine Co Cash-to-Debt Chart

Bitnine Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.50

0.98

84.79

1.42

0.52

Bitnine Co Quarterly Data
	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											0.45	0.52	0.39	0.27	0.06

Competitive Comparison of Bitnine Co's Cash-to-Debt

For the Software - Infrastructure subindustry, Bitnine 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.

Bitnine Co's Cash-to-Debt Distribution in the Software Industry

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

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

Bitnine 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.

Bitnine 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)
	=	11471.987	/	(21082.599	+	1177.241)
	=	0.52

Bitnine 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)
	=	1445.698	/	(23428.434	+	820.699)
	=	0.06

Bitnine Co (XKRX:357880) 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.

Bitnine Co Cash-to-Debt Related Terms

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Bitnine Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bitnine Co Ltd (XKRX:357880) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Yangcheon-ro, A 1201 Hangang Xi Tower, Gangseo-gu, Seoul, KOR

Website

https://bitnine.net

Bitnine Co Ltd is a graph technology company that is working in the global market through multi-model database products. Its products include Agence Graph, AG Cloud, Apache AGE, and G-Pass among others.

Bitnine Co Headlines

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