DigitalOcean Holdings (DigitalOcean Holdings) Cash-to-Debt : 0.25 (As of Dec. 2023)

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What is DigitalOcean 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. DigitalOcean Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.25.

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

DOCN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 0.39 Max: 1.17
Current: 0.25

During the past 6 years, DigitalOcean Holdings's highest Cash to Debt Ratio was 1.17. The lowest was 0.17. And the median was 0.39.

DOCN's Cash-to-Debt is ranked worse than
83.74% of 2792 companies
in the Software industry
Industry Median: 2.41 vs DOCN: 0.25

DigitalOcean Holdings Cash-to-Debt Historical Data

The historical data trend for DigitalOcean 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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DigitalOcean Holdings Cash-to-Debt Chart

DigitalOcean Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.17

0.39

1.17

0.53

0.25

DigitalOcean Holdings Quarterly Data
	Dec18	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													0.53	0.37	0.33	0.23	0.25

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

For the Software - Infrastructure subindustry, DigitalOcean 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.

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

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

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

DigitalOcean 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.

DigitalOcean Holdings'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)
	=	411.768	/	(86.541	+	1568.959)
	=	0.25

DigitalOcean 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)
	=	411.768	/	(86.541	+	1568.959)
	=	0.25

DigitalOcean Holdings (NYSE:DOCN) 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.

DigitalOcean Holdings Cash-to-Debt Related Terms

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

DigitalOcean Holdings (DigitalOcean Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » DigitalOcean Holdings Inc (NYSE:DOCN) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

0SU:Germany 0SU:Germany

Address

101 6th Avenue, New York, NY, USA, 10013

Website

https://www.digitalocean.com

DigitalOcean Holdings Inc is a cloud computing platform offering on-demand infrastructure and platform tools for developers, start-ups and small and medium-sized businesses. The customers use the platform for a wide range of cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, and managed services, among many others. The group has a business presence in North America, Europe, Asia and Other countries.

Executives

Yancey L. Spruill	director, officer: Chief Executive Officer	1601 DRY CREEK DRIVE, SUITE 260, LONGMONT CO 80503
Megan Wood	officer: Chief Strategy Officer	C/O DIGITALOCEAN HOLDINGS, INC., 101 6TH AVENUE, NEW YORK NY 10013
Jeffrey Scott Guy	officer: Chief Operating Officer	C/O DIGITALOCEAN HOLDINGS, INC., 101 6TH AVENUE, NEW YORK NY 10013
Warren Jenson	director	30 FREDRICK AVE, ATHERTON CA 94027
Harold Matthew Norman	officer: Chief People Officer	C/O DIGITALOCEAN HOLDINGS, INC., 101 6TH AVENUE, NEW YORK NY 10013
Christopher Merritt	director	C/O DIGITALOCEAN HOLDINGS, INC., 101 6TH AVENUE, NEW YORK NY 10013
Carly D Brantz	officer: Chief Marketing Officer	C/O DIGITALOCEAN HOLDINGS, INC., 101 6TH AVENUE, NEW YORK NY 10013
Alan Shapiro	officer: General Counsel
Amy S Butte	director	C/O L CATTERTON MANAGEMENT, 599 WEST PUTNAM AVENUE, GREENWICH CT 06830
Matt Steinfort	officer: Chief Financial Officer	1805 29TH STREET SUITE 2050, BOULDER CO 80301
Muhammad Aaqib Gadit	officer: Chief Revenue Officer	C/O DIGITALOCEAN HOLDINGS, INC., 101 6TH AVENUE, NEW YORK NY 10013
Gabriel Monroy	officer: Chief Product Officer	C/O DIGITALOCEAN HOLDINGS, INC., 101 6TH AVENUE, NEW YORK NY 10013
Adrienne Elizabeth Calderone	officer: SVP, Chief Accounting Officer	101 6TH AVENUE, NEW YORK NY 10013
Andreessen Horowitz Fund Iii, L.p.	10 percent owner	2865 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Ah Capital Management, L.l.c.	10 percent owner	2865 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025