Wesure Global Tech (XTAE:WESR) Cash-to-Debt : 0.82 (As of Dec. 2023)

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What is Wesure Global Tech 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. Wesure Global Tech's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.82.

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, Wesure Global Tech couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

XTAE:WESR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.82 Med: 2.53 Max: 4.77
Current: 0.82

During the past 5 years, Wesure Global Tech's highest Cash to Debt Ratio was 4.77. The lowest was 0.82. And the median was 2.53.

XTAE:WESR's Cash-to-Debt is ranked worse than
67.71% of 480 companies
in the Insurance industry
Industry Median: 1.885 vs XTAE:WESR: 0.82

Wesure Global Tech Cash-to-Debt Historical Data

The historical data trend for Wesure Global Tech'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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Wesure Global Tech Cash-to-Debt Chart

Wesure Global Tech Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

4.05

4.77

1.01

0.82

Wesure Global Tech Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial												1.01	0.73	0.85	0.56	0.82

Competitive Comparison of Wesure Global Tech's Cash-to-Debt

For the Insurance - Property & Casualty subindustry, Wesure Global Tech'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.

Wesure Global Tech's Cash-to-Debt Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Wesure Global Tech's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Wesure Global Tech's Cash-to-Debt falls into.

Wesure Global Tech Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Wesure Global Tech's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	731.835	/	(0	+	896.062)
	=	0.82

Wesure Global Tech's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	731.835	/	(0	+	896.062)
	=	0.82

Wesure Global Tech (XTAE:WESR) 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.

Wesure Global Tech Cash-to-Debt Related Terms

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

Wesure Global Tech (XTAE:WESR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Wesure Global Tech Ltd (XTAE:WESR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hashraon Road 12, Kfar Saba, ISR, 4427125

Website

https://www.we-sure.co.il

Wesure Global Tech Ltd is a real internet community insurance company in Israel. It is involved in the home, property, and compulsory car insurance industries.

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