Creditshelf AG (XTER:CSQ) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Creditshelf AG 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. Creditshelf AG's cash to debt ratio for the quarter that ended in Sep. 2023 was No Debt ⁽¹⁾.

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, Creditshelf AG could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(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 Creditshelf AG's Cash-to-Debt or its related term are showing as below:

XTER:CSQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.16 Med: No Debt Max: No Debt
Current: 1.16

During the past 9 years, Creditshelf AG's highest Cash to Debt Ratio was No Debt. The lowest was 1.16. And the median was No Debt.

XTER:CSQ's Cash-to-Debt is ranked better than
69.05% of 504 companies
in the Credit Services industry
Industry Median: 0.23 vs XTER:CSQ: 1.16

Creditshelf AG Cash-to-Debt Historical Data

The historical data trend for Creditshelf AG'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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Creditshelf AG Cash-to-Debt Chart

Creditshelf AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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33.22

35.77

31.53

1.85

1.60

Creditshelf AG Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	1.60	No Debt	No Debt	No Debt

Competitive Comparison of Creditshelf AG's Cash-to-Debt

For the Credit Services subindustry, Creditshelf AG'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.

Creditshelf AG's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Creditshelf AG's Cash-to-Debt distribution charts can be found below:

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

Creditshelf AG 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.

Creditshelf AG's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	4.182	/	(0.064	+	2.55)
	=	1.60

Creditshelf AG's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Creditshelf AG had no debt ⁽¹⁾.

Creditshelf AG (XTER:CSQ) 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.

Creditshelf AG Cash-to-Debt Related Terms

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Creditshelf AG (XTER:CSQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Creditshelf AG (XTER:CSQ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CSQ:Germany

Address

Mainzer Landstrasse 33a, Frankfurt, DEU, 60329

Website

https://www.creditshelf.com

Creditshelf AG is the platform for digital SME finance in Germany. It arranges flexible financial solutions that are not tied to specific banks for small and medium-sized enterprises via its online platform, www.creditshelf.com. The company has successfully developed an online credit marketplace platform whose processes are supported by the proprietary, data-driven risk analysis software. The creditshelf platform models the entire credit process, from the loan application through credit analysis and risk management down to loan disbursement and loan servicing. The product offering, which is targeted at German SMEs and growth companies, comprises corporate loans. The business generates revenue from Borrower fees, Investor fees and Servicing and advisory fees.

Executives

Rolf Elgeti	Supervisory Board
Dr. Daniel Bartsch	Board of Directors
Fabian Brügmann	Chief Financial Officer

Creditshelf AG (XTER:CSQ) Headlines

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Creditshelf AG (XTER:CSQ) Cash-to-Debt : No Debt (1) (As of Sep. 2023)