D2L (TSX:DTOL) Cash-to-Debt : 9.20 (As of Jan. 2024)

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What is D2L 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. D2L's cash to debt ratio for the quarter that ended in Jan. 2024 was 9.20.

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, D2L could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

The historical rank and industry rank for D2L's Cash-to-Debt or its related term are showing as below:

TSX:DTOL' s Cash-to-Debt Range Over the Past 10 Years
Min: 6.24 Med: 9.2 Max: 60.59
Current: 9.2

During the past 6 years, D2L's highest Cash to Debt Ratio was 60.59. The lowest was 6.24. And the median was 9.20.

TSX:DTOL's Cash-to-Debt is ranked better than
66.42% of 2796 companies
in the Software industry
Industry Median: 2.42 vs TSX:DTOL: 9.20

D2L Cash-to-Debt Historical Data

The historical data trend for D2L'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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D2L Cash-to-Debt Chart

D2L Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash-to-Debt

Get a 7-Day Free Trial

6.24

10.99

60.59

8.51

9.20

D2L Quarterly Data
	Jan19	Jan20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial												8.51	7.07	8.24	9.78	9.20

Competitive Comparison of D2L's Cash-to-Debt

For the Software - Application subindustry, D2L'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.

D2L's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, D2L's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where D2L's Cash-to-Debt falls into.

D2L 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.

D2L's Cash to Debt Ratio for the fiscal year that ended in Jan. 2024 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)
	=	156.973	/	(1.345	+	15.716)
	=	9.20

D2L's Cash to Debt Ratio for the quarter that ended in Jan. 2024 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)
	=	156.973	/	(1.345	+	15.716)
	=	9.20

D2L (TSX:DTOL) 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.

D2L Cash-to-Debt Related Terms

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D2L (TSX:DTOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » D2L Inc (TSX:DTOL) » Definitions » Cash-to-Debt

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DTLIF:USA

Address

137 Glasgow Street, Suite 560, Kitchener, ON, CAN, N2G 4X8

Website

https://www.d2l.com

D2L Inc is a learning innovation company. It provides cloud-based learning software for higher education institutions, kindergarten to grade 12 (K-12) schools and districts, and private sector enterprises. The company serves K-12, higher education, associations, and the corporate sector. Its product includes D2L Brightspace and D2L Wave.

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