BILL Holdings (BSP:B2HI34) Cash-to-Debt : 1.34 (As of Dec. 2023)

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What is BILL Holdings 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. BILL Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.34.

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

BSP:B2HI34' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.08 Med: 1.51 Max: No Debt
Current: 1.34

During the past 6 years, BILL Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 1.08. And the median was 1.51.

BSP:B2HI34's Cash-to-Debt is ranked worse than
60.14% of 2787 companies
in the Software industry
Industry Median: 2.45 vs BSP:B2HI34: 1.34

BILL Holdings Cash-to-Debt Historical Data

The historical data trend for BILL Holdings'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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BILL Holdings Cash-to-Debt Chart

BILL Holdings Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

1.08

1.46

1.39

BILL Holdings Quarterly Data
	Mar19	Jun19	Sep19	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															1.42	1.39	1.39	1.39	1.34

Competitive Comparison of BILL Holdings's Cash-to-Debt

For the Software - Application subindustry, BILL Holdings'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.

BILL Holdings's Cash-to-Debt Distribution in the Software Industry

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

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

BILL Holdings 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.

BILL Holdings's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	12912.109	/	(655.473	+	8626.282)
	=	1.39

BILL Holdings'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)
	=	12505.534	/	(661.576	+	8701.717)
	=	1.34

BILL Holdings (BSP:B2HI34) 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.

BILL Holdings Cash-to-Debt Related Terms

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BILL Holdings (BSP:B2HI34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BILL Holdings Inc (BSP:B2HI34) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BILL:USA 0M5:Germany

Address

6220 America Center Drive, Suite 100, San Jose, CA, USA, 95022

Website

https://www.bill.com

BILL Holdings Inc is a provider of software-as-a-service, cloud-based payments and spend and expense management products, which allow users to automate accounts payable and accounts receivable transactions, enable businesses to easily connect with their suppliers or customers to do business, eliminate expense reports, manage cash flows and improve back office efficiency. Initial Public Offering and Follow-on Offering.

BILL Holdings (BSP:B2HI34) Headlines

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