Identitii (ASX:ID8) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Identitii 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. Identitii's cash to debt ratio for the quarter that ended in Dec. 2023 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, Identitii could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(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 Identitii's Cash-to-Debt or its related term are showing as below:

ASX:ID8' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.07 Med: 175.78 Max: No Debt
Current: 1.98

During the past 5 years, Identitii's highest Cash to Debt Ratio was No Debt. The lowest was 1.07. And the median was 175.78.

ASX:ID8's Cash-to-Debt is ranked worse than
54.05% of 2766 companies
in the Software industry
Industry Median: 2.53 vs ASX:ID8: 1.98

Identitii Cash-to-Debt Historical Data

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

Identitii Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

137.33

1.07

136.03

No Debt

1.31

Identitii Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							No Debt	No Debt	No Debt	1.31	No Debt

Competitive Comparison of Identitii's Cash-to-Debt

For the Software - Application subindustry, Identitii'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.

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

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

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

Identitii 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.

Identitii'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)
	=	1.287	/	(0.98	+	0)
	=	1.31

Identitii's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Identitii had no debt ⁽¹⁾.

Identitii (ASX:ID8) 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.

Identitii Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Identitii's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Identitii (ASX:ID8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Identitii Ltd (ASX:ID8) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

388 George Street, Sydney, NSW, AUS, 2000

Website

https://www.identitii.com

Identitii Ltd is engaged in developing and licensing enterprise software for regulated entities. It is a regulatory technology (RegTech) company that helps financial services businesses and other regulated entities gain visibility into and control over, the data needed to meet financial crime reporting obligations both in Australia and around the world. Its main product Overlay+ is a platform that helps reduce regulatory risk, without replacing technology systems. Geographically, the company's main operations are in Australia, and it derives a majority of its revenue from it. The company also has a presence in Asia and the United States of America.

Identitii (ASX:ID8) Headlines

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Identitii (ASX:ID8) Cash-to-Debt : No Debt (1) (As of Dec. 2023)