NRGene Technologies (XTAE:NRGN) Cash-to-Debt : 8.09 (As of Dec. 2023)

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What is NRGene 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. NRGene Technologies's cash to debt ratio for the quarter that ended in Dec. 2023 was 8.09.

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, NRGene Technologies could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

XTAE:NRGN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.29 Med: 7.47 Max: 15.53
Current: 8.09

During the past 4 years, NRGene Technologies's highest Cash to Debt Ratio was 15.53. The lowest was 0.29. And the median was 7.47.

XTAE:NRGN's Cash-to-Debt is ranked better than
64.62% of 2708 companies
in the Software industry
Industry Median: 2.47 vs XTAE:NRGN: 8.09

NRGene Technologies Cash-to-Debt Historical Data

The historical data trend for NRGene 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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NRGene Technologies Cash-to-Debt Chart

NRGene Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.29

6.84

15.53

8.09

NRGene Technologies Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			6.84	10.08	15.53	24.47	8.09

Competitive Comparison of NRGene Technologies's Cash-to-Debt

For the Software - Application subindustry, NRGene 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.

NRGene Technologies's Cash-to-Debt Distribution in the Software Industry

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

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

NRGene 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.

NRGene Technologies'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)
	=	23.678	/	(0.94	+	1.986)
	=	8.09

NRGene Technologies's Cash to Debt Ratio for the quarter 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)
	=	23.678	/	(0.94	+	1.986)
	=	8.09

NRGene Technologies (XTAE:NRGN) 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.

NRGene Technologies Cash-to-Debt Related Terms

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NRGene Technologies (XTAE:NRGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NRGene Technologies Ltd (XTAE:NRGN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Golda Meir Street, Ness-Ziona, ISR, 7403649

Website

https://www.nrgene.com

NRGene Technologies Ltd is engaged in the development of artificial intelligence-based software for the analysis of genetic information in order to improve species of plants and animals.

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