Technoplus Ventures (XTAE:TNPV) Cash-to-Debt : 9.95 (As of Jun. 2024)

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What is Technoplus Ventures 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. Technoplus Ventures's cash to debt ratio for the quarter that ended in Jun. 2024 was 9.95.

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

XTAE:TNPV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 2.57 Max: 12.82
Current: 9.95

During the past 11 years, Technoplus Ventures's highest Cash to Debt Ratio was 12.82. The lowest was 0.13. And the median was 2.57.

XTAE:TNPV's Cash-to-Debt is ranked better than
52.71% of 1455 companies
in the Asset Management industry
Industry Median: 5.53 vs XTAE:TNPV: 9.95

Technoplus Ventures Cash-to-Debt Historical Data

The historical data trend for Technoplus Ventures'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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Technoplus Ventures Cash-to-Debt Chart

Technoplus Ventures Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.71

2.88

9.57

9.19

10.64

Technoplus Ventures Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															12.82	9.19	8.51	10.64	9.95

Competitive Comparison of Technoplus Ventures's Cash-to-Debt

For the Asset Management subindustry, Technoplus Ventures'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.

Technoplus Ventures's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Technoplus Ventures's Cash-to-Debt distribution charts can be found below:

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

Technoplus Ventures 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.

Technoplus Ventures'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)
	=	11.465	/	(0.447	+	0.631)
	=	10.64

Technoplus Ventures'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)
	=	10.73	/	(0.447	+	0.631)
	=	9.95

Technoplus Ventures (XTAE:TNPV) 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.

Technoplus Ventures Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Technoplus Ventures's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Technoplus Ventures Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Technoplus Ventures Ltd (XTAE:TNPV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

132, Menachem Begin Street, Triangle Tower, 31st floor, Three Azrieli Center, Tel-Aviv, ISR, 67023

Website

http://www.technoplusvc.com

Technoplus Ventures Ltd acts as an independent investment company. It focuses its investments in small to mid-sized mature and innovative companies that entail very small market and technology risks. It is focused on identifying and investing in small to mid-sized profitable growth companies, seeking equity or debt investment to support continuous growth.

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