Sands Lab (XKRX:411080) Cash-to-Debt : 1,022.57 (As of Jun. 2024)

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What is Sands Lab 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. Sands Lab's cash to debt ratio for the quarter that ended in Jun. 2024 was 1,022.57.

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, Sands Lab could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

XKRX:411080' s Cash-to-Debt Range Over the Past 10 Years
Min: 35.49 Med: 579.69 Max: 1039.4
Current: 1022.57

During the past 4 years, Sands Lab's highest Cash to Debt Ratio was 1039.40. The lowest was 35.49. And the median was 579.69.

XKRX:411080's Cash-to-Debt is ranked better than
89.86% of 2812 companies
in the Software industry
Industry Median: 2.345 vs XKRX:411080: 1022.57

Sands Lab Cash-to-Debt Historical Data

The historical data trend for Sands Lab'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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Sands Lab Cash-to-Debt Chart

Sands Lab Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

147.82

35.49

73.56

578.44

Sands Lab Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial							657.23	1,039.40	578.44	667.09	1,022.57

Competitive Comparison of Sands Lab's Cash-to-Debt

For the Software - Infrastructure subindustry, Sands Lab'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.

Sands Lab's Cash-to-Debt Distribution in the Software Industry

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

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

Sands Lab 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.

Sands Lab'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)
	=	32379.44	/	(30.102	+	25.875)
	=	578.44

Sands Lab's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	38446.488	/	(23.269	+	14.329)
	=	1,022.57

Sands Lab (XKRX:411080) 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.

Sands Lab Cash-to-Debt Related Terms

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Sands Lab Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sands Lab Inc (XKRX:411080) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Seolleungno 577, Floor 4, Chosun-Newha Building, Gangnam-gu, Seoul, KOR

Website

https://www.sandslab.io

Sands Lab Inc provides the unprecedented intelligence service through a mutual organic ecosystem of Cyber Security, AI, Network and Data.

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