Platform Group AG (XTER:TPG) Cash-to-Debt : 0.20 (As of Jun. 2024)

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What is Platform Group 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. Platform Group AG's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.20.

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, Platform Group AG couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

XTER:TPG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.3 Max: 2667.75
Current: 0.2

During the past 8 years, Platform Group AG's highest Cash to Debt Ratio was 2667.75. The lowest was 0.10. And the median was 0.30.

XTER:TPG's Cash-to-Debt is ranked worse than
85.66% of 2796 companies
in the Software industry
Industry Median: 2.33 vs XTER:TPG: 0.20

Platform Group AG Cash-to-Debt Historical Data

The historical data trend for Platform Group 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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Platform Group AG Cash-to-Debt Chart

Platform Group AG Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.26

32.65

0.44

0.18

0.12

Platform Group AG Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial									0.10	0.18	0.10	0.12	0.20

Competitive Comparison of Platform Group AG's Cash-to-Debt

For the Software - Application subindustry, Platform Group 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.

Platform Group AG's Cash-to-Debt Distribution in the Software Industry

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

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

Platform Group 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.

Platform Group AG'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)
	=	9.083	/	(37.229	+	38.896)
	=	0.12

Platform Group AG'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)
	=	15.066	/	(34.219	+	43.066)
	=	0.19

Platform Group AG (XTER:TPG) 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.

Platform Group AG Cash-to-Debt Related Terms

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Platform Group AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Platform Group AG (XTER:TPG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TPG:Germany TPG:Germany TPG:Germany

Address

Schloss Elbroich, Am Falder 4, Dusseldorf, NW, DEU, 40589

Website

https://corporate.the-platform-group.com

Platform Group AG is a dominant platform groups in Europe and uses high quality software solutions to connect partners with eCommerce. The company operates with software-based platform solutions that can be used universally in almost all sectors and industries. The company operates 20 platforms in 18 different sectors, which allow connected partners (retailers and manufacturers) to list their products simultaneously on more than 50 online channels.

Executives

Dominik Pasqual Benner	Board of Directors
Reinhard Hetkamp	CFO
Laura Vogelsang	Board of Directors
Georg Hesse	Board of Directors
Thomas Buhl	Board of Directors