Quest Patent Research (Quest Patent Research) Cash-to-Debt : 0.18 (As of Dec. 2023)

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What is Quest Patent Research 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. Quest Patent Research's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.18.

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, Quest Patent Research 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 Quest Patent Research's Cash-to-Debt or its related term are showing as below:

QPRC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.07 Max: 0.56
Current: 0.18

During the past 13 years, Quest Patent Research's highest Cash to Debt Ratio was 0.56. The lowest was 0.03. And the median was 0.07.

QPRC's Cash-to-Debt is ranked worse than
79.27% of 1066 companies
in the Business Services industry
Industry Median: 0.99 vs QPRC: 0.18

Quest Patent Research Cash-to-Debt Historical Data

The historical data trend for Quest Patent Research'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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Quest Patent Research Cash-to-Debt Chart

Quest Patent Research Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.08

0.04

0.09

0.03

0.18

Quest Patent Research 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															0.03	0.04	0.04	0.20	0.18

Competitive Comparison of Quest Patent Research's Cash-to-Debt

For the Consulting Services subindustry, Quest Patent Research'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.

Quest Patent Research's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Quest Patent Research's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Quest Patent Research's Cash-to-Debt falls into.

Quest Patent Research 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.

Quest Patent Research'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)
	=	0.563	/	(2.935	+	0.15)
	=	0.18

Quest Patent Research'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)
	=	0.563	/	(2.935	+	0.15)
	=	0.18

Quest Patent Research (OTCPK:QPRC) 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.

Quest Patent Research Cash-to-Debt Related Terms

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

Quest Patent Research (Quest Patent Research) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Quest Patent Research Corp (OTCPK:QPRC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

411 Theodore Fremd Avenue, Suite 206S, Rye, NY, USA, 10580-1411

Website

https://www.qprc.com

Quest Patent Research Corp is an intellectual property asset management company. The company is engaged in the development, acquisition, licensing and enforcement of intellectual property rights. Its intellectual property portfolios consist of mobile data, online marketing, sweepstakes, promotions, and rewards, flexible packaging, universal financial data system, rich media, anchor structure portfolio, power management/bus control portfolio, and diode on-chip portfolio. The company has two segments namely intellectual property licensing and licensed packaging sales. It generates revenue from patent licensing fees, management fees, and licensed packaging sales.

Executives

Timothy J Scahill	director	472 WHITING ROAD, WEBSTER NY 14580
William Ryall Carroll	director	242 WEST 104TH ST, APT 6ER, NEW YORK NY 10025
Robert Christopher Paladino	director	7811 VALENCIA COURT, NAPLES FL 34113
Jon Charles Scahill	director, officer: President & COO	24 GREENHAVEN RD., RYE NY 10580-1018