eXeBlock Technology (XCNQ:XBLK.X) Cash-to-Debt : No Debt ⁽¹⁾ (As of Feb. 2024)

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What is eXeBlock Technology 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. eXeBlock Technology's cash to debt ratio for the quarter that ended in Feb. 2024 was No Debt ⁽¹⁾.

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, eXeBlock Technology could pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

(1) 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.

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

XCNQ:XBLK.X' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 8 years, eXeBlock Technology's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XCNQ:XBLK.X's Cash-to-Debt is ranked better than
99.82% of 2792 companies
in the Software industry
Industry Median: 2.44 vs XCNQ:XBLK.X: No Debt

eXeBlock Technology Cash-to-Debt Historical Data

The historical data trend for eXeBlock Technology'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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eXeBlock Technology Cash-to-Debt Chart

eXeBlock Technology Annual Data

Trend

Jul16

Jul17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

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No Debt

eXeBlock Technology Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of eXeBlock Technology's Cash-to-Debt

For the Software - Application subindustry, eXeBlock Technology'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.

eXeBlock Technology's Cash-to-Debt Distribution in the Software Industry

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

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

eXeBlock Technology 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.

eXeBlock Technology's Cash to Debt Ratio for the fiscal year that ended in Aug. 2023 is calculated as:

eXeBlock Technology had no debt ⁽¹⁾.

eXeBlock Technology's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

eXeBlock Technology had no debt ⁽¹⁾.

eXeBlock Technology (XCNQ:XBLK.X) 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.

eXeBlock Technology Cash-to-Debt Related Terms

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eXeBlock Technology (XCNQ:XBLK.X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » eXeBlock Technology Corp (XCNQ:XBLK.X) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

1DF:Germany

Address

1090 West Georgia Street, Suite 280, Vancouver, BC, CAN, V6E 3V7

Website

https://www.exeblock.com

eXeBlock Technology Corp designs and develops software application . The company specializes in the development of blockchain decentralized applications which includes blockchain technology consulting and application development. It serves the gaming and telecommunication industries in Canada.

eXeBlock Technology (XCNQ:XBLK.X) Headlines

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eXeBlock Technology (XCNQ:XBLK.X) Cash-to-Debt : No Debt (1) (As of Feb. 2024)