Corero Network Security (LSE:CNS) Cash-to-Debt : 16.37 (As of Dec. 2023)

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What is Corero Network Security 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. Corero Network Security's cash to debt ratio for the quarter that ended in Dec. 2023 was 16.37.

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

LSE:CNS' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.23 Med: 10.38 Max: No Debt
Current: 16.37

During the past 13 years, Corero Network Security's highest Cash to Debt Ratio was No Debt. The lowest was 2.23. And the median was 10.38.

LSE:CNS's Cash-to-Debt is ranked better than
72.66% of 2805 companies
in the Software industry
Industry Median: 2.57 vs LSE:CNS: 16.37

Corero Network Security Cash-to-Debt Historical Data

The historical data trend for Corero Network Security'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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Corero Network Security Cash-to-Debt Chart

Corero Network Security Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.52

3.71

3.80

4.39

16.37

Corero Network Security Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															3.80	4.11	4.39	87.29	16.37

Competitive Comparison of Corero Network Security's Cash-to-Debt

For the Software - Infrastructure subindustry, Corero Network Security'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.

Corero Network Security's Cash-to-Debt Distribution in the Software Industry

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

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

Corero Network Security 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.

Corero Network Security's Cash to Debt Ratio for the fiscal year 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)
	=	4.076	/	(0.13	+	0.119)
	=	16.37

Corero Network Security'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)
	=	4.076	/	(0.13	+	0.119)
	=	16.37

Corero Network Security (LSE:CNS) 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.

Corero Network Security Cash-to-Debt Related Terms

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

Corero Network Security (LSE:CNS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Corero Network Security PLC (LSE:CNS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NYA1:Germany

Address

29 Finsbury Circus, Duncan Swallow, Salisbury House, London, GBR, EC2M 5QQ

Website

https://www.corero.com

Corero Network Security PLC is a network security solutions provider. The company offers Distributed Denial of Service (DDoS) defense solutions for service providers, hosting providers and data centers, managed security service providers, and online enterprises. It has operational footprints across the USA, the United Kingdom, Belgium, Germany, Switzerland, Other European countries, Australia, Ireland, APAC, and the Rest of the World. The company's key products are SmartWall Network Threat Defense System, SmartWall Virtual Edition, SecureWatch Analytics, and SmartWall Service Portal. Geographically, it derives a majority of its revenue from the USA.