Identillect Technologies (STU:8ID) Cash-to-Debt

: 0.04 (As of Sep. 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. Identillect Technologies's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.04.

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, Identillect Technologies couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Identillect Technologies's Cash-to-Debt or its related term are showing as below:

STU:8ID' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 2.09
Current: 0.04

During the past 13 years, Identillect Technologies's highest Cash to Debt Ratio was 2.09. The lowest was 0.01. And the median was 0.04.

STU:8ID's Cash-to-Debt is ranked worse than
95.95% of 2792 companies
in the Software industry
Industry Median: 2.415 vs STU:8ID: 0.04

Identillect Technologies Cash-to-Debt Historical Data

The historical data trend for Identillect 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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Identillect Technologies Annual Data

Trend

Jul13

Jul14

Jul15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.16

0.01

0.03

0.04

0.22

Identillect Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.04	0.22	0.05	0.04	0.04

Competitive Comparison

For the Software - Application subindustry, Identillect 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.

Identillect Technologies Cash-to-Debt Distribution

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

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

Identillect 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.

Identillect Technologies's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	0.095	/	(0.43	+	0)
	=	0.22

Identillect Technologies's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.018	/	(0.512	+	0)
	=	0.04

Identillect Technologies (STU:8ID) 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.

Identillect Technologies Cash-to-Debt Related Terms

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Identillect Technologies (STU:8ID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Identillect Technologies Corp (STU:8ID) » Definitions » Cash-to-Debt

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8ID:Germany ID:Canada

Address

609 Granville Street, Suite 1600, Vancouver, BC, CAN, V7Y 1C3

Website

https://www.identillect.com

Identillect Technologies Corp is a software development company that design and developed an email encryption software solution to protect critical information. The company offers a Delivery trust service; which is an email security solution, designed for small and medium-sized businesses. The company serves Accounting, Education Professionals, Financial, Legal, Medical, Real Estate, and Resource industries.

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