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. ON24's cash to debt ratio for the quarter that ended in Jun. 2022 was 31.18.
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, ON24 could pay off its debt using the cash in hand for the quarter that ended in Jun. 2022.
The historical rank and industry rank for ON24's Cash-to-Debt or its related term are showing as below:
ONTF'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.42 Med: 30.28 Max: 95.78
Current: 31.18
During the past 4 years, ON24's highest Cash to Debt Ratio was 95.78. The lowest was 0.42. And the median was 30.28.
ONTF's Cash-to-Debt is ranked better than 73.85% of 2711
companies
in the Software industry
Industry Median: 3.38
vs ONTF: 31.18
ON24 Cash-to-Debt Historical Data
The historical data trend for ON24'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.
* Premium members only.
ON24 Annual Data
Trend
Dec18
Dec19
Dec20
Dec21
Cash-to-Debt
0.42
0.99
2.18
95.78
ON24 Quarterly Data
Dec18
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Cash-to-Debt
70.46
85.57
95.78
29.38
31.18
Competitive Comparison
For the Software - Application subindustry, ON24'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.
ON24 Cash-to-Debt Distribution
For the Software industry and Technology sector, ON24's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where ON24's Cash-to-Debt falls into.
* 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.
ON24 (NYSE:ONTF) 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.
ON24 Cash-to-Debt Related Terms
Thank you for viewing the detailed overview of ON24's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.
ON24 Inc provides a cloud-based digital experience platform that enables businesses to convert customer engagement into revenue through interactive webinar experiences, virtual event experiences, and multimedia content experiences. The company derives revenue from subscription agreements with customers for accessing the platform and related services. Geographically, it derives a majority of revenue from the United States.
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