SilverSun Technologies (SilverSun Technologies) Cash-to-Debt : 2.35 (As of Dec. 2023)

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What is SilverSun Technologies 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. SilverSun Technologies's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.35.

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

SSNT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.81 Med: 2.36 Max: 3.88
Current: 2.35

During the past 13 years, SilverSun Technologies's highest Cash to Debt Ratio was 3.88. The lowest was 0.81. And the median was 2.36.

SSNT's Cash-to-Debt is ranked worse than
50.64% of 2792 companies
in the Software industry
Industry Median: 2.44 vs SSNT: 2.35

SilverSun Technologies Cash-to-Debt Historical Data

The historical data trend for SilverSun Technologies'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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SilverSun Technologies Cash-to-Debt Chart

SilverSun Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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3.88

2.17

2.98

3.34

2.35

SilverSun Technologies 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															3.34	3.17	3.56	4.23	2.35

Competitive Comparison of SilverSun Technologies's Cash-to-Debt

For the Software - Application subindustry, SilverSun Technologies'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.

SilverSun Technologies's Cash-to-Debt Distribution in the Software Industry

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

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

SilverSun Technologies 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.

SilverSun Technologies'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)
	=	6.143	/	(1.119	+	1.501)
	=	2.34

SilverSun Technologies'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)
	=	6.143	/	(1.119	+	1.501)
	=	2.34

SilverSun Technologies (NAS:SSNT) 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.

SilverSun Technologies Cash-to-Debt Related Terms

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SilverSun Technologies (SilverSun Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SilverSun Technologies Inc (NAS:SSNT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 Eagle Rock Avenue, East Hanover, NJ, USA, 07936

Website

https://www.silversuntech.com

SilverSun Technologies Inc is a business application, technology, and consulting company. It is engaged in providing strategies and solutions to meet information, technology and business management needs. Its services and technologies enable customers to manage, protect and monetize their enterprise assets in the cloud. It offers solutions for accounting and business management, financial reporting, enterprise resource planning (ERP), warehouse management systems (WMS), customer relationship management (CRM) and business intelligence (BI). The company has a network services practice, which provides managed services, hosting, business continuity, cloud, e-mail, and Web services.

Executives

Stanley Wunderlich	director
John D. Schachtel	director	979 BATESVILLE ROAD, SUITE B, GREER SC 29651
Joseph P Macaluso	director
Bitnile Holdings, Inc.	10 percent owner	11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Ault Milton C Iii	10 percent owner	11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Jeffrey D Roth	10 percent owner	202 VIERA DRIVE, CEDAR KNOLLS NJ 07927-2402
Christine Elizabeth Dye	officer: Chief Financial Officer	120 EAGLE ROCK AVE., SUITE 330, EAST HANOVER NJ 07936
Crandall Iii Melvin	officer: Chief Financial Officer	5 REGENT ST #520, LIVINGSTON NJ 07039
John Rudy	director	C/O ADSTAR INC., 4553 GLENCOE AVENUE SUITE 325, MARINA DEL REY CA 90292
Mark Meller	director, 10 percent owner, officer: President and CEO	C/O TREY RESOURCES, INC., 293 EISENHOWER PARKWAY, SUITE 250, LIVINGSTON NJ 07039
Jerome R Mahoney	director, 10 percent owner, officer: President, Secretary and CEO	C/O VOICE INC, 750 HIGHWAY 34, MATAWAN NJ 07747