Asure Software (Asure Software) Cash-to-Debt

: 2.91 (As of Dec. 2023)

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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. Asure Software's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.91.

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

ASUR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.38 Max: 2.91
Current: 2.91

During the past 13 years, Asure Software's highest Cash to Debt Ratio was 2.91. The lowest was 0.02. And the median was 0.38.

ASUR's Cash-to-Debt is ranked better than
52.44% of 2790 companies
in the Software industry
Industry Median: 2.415 vs ASUR: 2.91

Asure Software Cash-to-Debt Historical Data

The historical data trend for Asure Software'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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Asure Software Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.84

0.90

0.33

0.39

2.91

Asure Software 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																0.39	0.49	0.49	3.53	2.91

Competitive Comparison

For the Software - Application subindustry, Asure Software'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.

Asure Software Cash-to-Debt Distribution

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

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

Asure Software 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.

Asure Software'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)
	=	30.317	/	(1.517	+	8.92)
	=	2.90

Asure Software'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)
	=	30.317	/	(1.517	+	8.92)
	=	2.90

Asure Software (NAS:ASUR) 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.

Asure Software Cash-to-Debt Related Terms

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

Asure Software (Asure Software) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Asure Software Inc (NAS:ASUR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

405 Colorado Street, Suite 1800, Austin, TX, USA, 78701

Website

https://www.asuresoftware.com

Asure Software Inc is a provider of cloud-based Human Capital Management (HCM) solutions delivered as Software-as-a-Service (SaaS). It facilitates small and mid-sized businesses (SMBs) to develop their Human Capital to get to the next level, stay compliant, and allocate their time, money and technology toward growth. The company's HCM suite, named AsureHCM, includes cloud-based Payroll and Tax, HR, a Time and Attendance software. Its HR services range from HR projects to outsourcing payroll to HR consulting services. The firm sells its HCM products in the United States.

Executives

Patrick Goepel	director, officer: Chief Executive Officer	7050 WINNETKA AVE N, SUITE 100, BROOKLYN PARK MN 55428
Eyal Goldstein	officer: Chief Revenue Officer	18154 SWEET ELM DRIVE, ENCINO CA 91316
Bradford Scovill Oberwager	director	340 S. LEMON AVE. #5445, WALNUT CA 91789
Bjorn Reynolds	director	108 WILD BASIN RD. S., SUITE 200, AUSTIN TX 78746
Ben F Allen	director	C/O ASURE SOFTWARE, INC., 3700 N. CAPITAL OF TEXAS HWY. #350, AUSTIN TX 78746
Grace G. Lee	director	C/O CUBIC CORPORATION, 9333 BALBOA AVENUE, SAN DIEGO CA 92123
William Carl Drew	director	3700 N CAPITAL OF TEXAS HWY, SUITE 350, AUSTIN TX 78746
John F Pence	officer: Chief Financial Officer	C/O ASURE SOFTWARE, INC., 3700 N. CAPITAL OF TEXAS HWY. #350, AUSTIN TX 78746
James Powers	officer: Chief Financial Officer	2128 W. BRAKER LANE, BK12, AUSTIN TX 78758
Red Oak Partners, Llc	director	95 S. FEDERAL HWY, SUITE 201, BOCA RATON FL 33432
Daniel M Gill	director	1560 SHERMAN AVENUE, SUITE 1200, EVANSTON IL 60201
Kelyn Brannon	officer: Chief Financial Officer	300 E. RIVERSIDE DRIVE, APT. 527, AUSTIN TX 78704
Lathrop Charles W Jr	director	3700 N CAPITAL OF TEXAS HWY, #350, AUSTIN TX 78746
John Randall Waterfield	director	140 BROADWAY, 46TH FLOOR, NEW YORK NY 10005
David Sandberg	director	40 SE 5TH STREET, SUITE 502, BOCA RATON FL 33432