iCetana (ASX:ICE) Cash-to-Debt : 644.00 (As of Dec. 2023)

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What is iCetana 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. iCetana's cash to debt ratio for the quarter that ended in Dec. 2023 was 644.00.

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

ASX:ICE' s Cash-to-Debt Range Over the Past 10 Years
Min: 11.98 Med: 193.36 Max: 1153.33
Current: 644

During the past 5 years, iCetana's highest Cash to Debt Ratio was 1153.33. The lowest was 11.98. And the median was 193.36.

ASX:ICE's Cash-to-Debt is ranked better than
89.26% of 2766 companies
in the Software industry
Industry Median: 2.53 vs ASX:ICE: 644.00

iCetana Cash-to-Debt Historical Data

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

iCetana Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

No Debt

165.13

40.44

26.51

11.98

iCetana Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial				1,153.33	26.51	1,020.00	11.98	644.00

Competitive Comparison of iCetana's Cash-to-Debt

For the Software - Application subindustry, iCetana'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.

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

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

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

iCetana 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.

iCetana's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	0.994	/	(0.083	+	0)
	=	11.98

iCetana'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)
	=	2.576	/	(0.004	+	0)
	=	644.00

iCetana (ASX:ICE) 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.

iCetana Cash-to-Debt Related Terms

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iCetana (ASX:ICE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » iCetana Ltd (ASX:ICE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

152 St Georges Terrace, Level 32, Perth, WA, AUS, 6000

Website

https://www.icetana.com.au

iCetana Ltd is an AI-assisted video surveillance solution software company. It provides video analytics solutions for large scale surveillance networks. Its software integrates existing video management systems and IP cameras. Its geographical segments are Asia Pacific (APAC); North America (NA) and Europe, Middle East & Africa (EMEA). Its product includes iCetana AI video surveillance software which is an AI-driven video analytics surveillance solution designed to automatically identify anomalous events in real-time.