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Provide IT Sweden AB (XSAT:PROVIT) Cash-to-Debt : 2.16 (As of Sep. 2024)


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What is Provide IT Sweden AB 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. Provide IT Sweden AB's cash to debt ratio for the quarter that ended in Sep. 2024 was 2.16.

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, Provide IT Sweden AB could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

(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 Provide IT Sweden AB's Cash-to-Debt or its related term are showing as below:

XSAT:PROVIT' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.16   Med: No Debt   Max: No Debt
Current: 2.16

During the past 9 years, Provide IT Sweden AB's highest Cash to Debt Ratio was No Debt. The lowest was 2.16. And the median was No Debt.

XSAT:PROVIT's Cash-to-Debt is ranked worse than
50.98% of 2797 companies
in the Software industry
Industry Median: 2.33 vs XSAT:PROVIT: 2.16

Provide IT Sweden AB Cash-to-Debt Historical Data

The historical data trend for Provide IT Sweden AB'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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Provide IT Sweden AB Cash-to-Debt Chart

Provide IT Sweden AB Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only No Debt No Debt No Debt No Debt No Debt

Provide IT Sweden AB 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt 2.41 2.16

Competitive Comparison of Provide IT Sweden AB's Cash-to-Debt

For the Software - Application subindustry, Provide IT Sweden AB'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.


Provide IT Sweden AB's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Provide IT Sweden AB's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Provide IT Sweden AB's Cash-to-Debt falls into.



Provide IT Sweden AB 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.

Provide IT Sweden AB's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Provide IT Sweden AB had no debt (1).

Provide IT Sweden AB's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

* 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.


Provide IT Sweden AB  (XSAT:PROVIT) 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.


Provide IT Sweden AB Cash-to-Debt Related Terms

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Provide IT Sweden AB Business Description

Traded in Other Exchanges
N/A
Address
Gotabergsgatan 20, Gothenburg, SWE, 41134
Provide IT Sweden AB is a digital production company. The company is engaged in the development of web and mobile applications. It provides websites, applications, portals, and e-commerce to national and foreign companies.

Provide IT Sweden AB Headlines

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