Skkynet Cloud Systems (Skkynet Cloud Systems) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jan. 2024)

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What is Skkynet Cloud Systems 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. Skkynet Cloud Systems's cash to debt ratio for the quarter that ended in Jan. 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, Skkynet Cloud Systems could pay off its debt using the cash in hand for the quarter that ended in Jan. 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 Skkynet Cloud Systems's Cash-to-Debt or its related term are showing as below:

SKKY' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.56 Med: No Debt Max: No Debt
Current: 61.47

During the past 13 years, Skkynet Cloud Systems's highest Cash to Debt Ratio was No Debt. The lowest was 2.56. And the median was No Debt.

SKKY's Cash-to-Debt is ranked better than
83.05% of 2802 companies
in the Software industry
Industry Median: 2.51 vs SKKY: 61.47

Skkynet Cloud Systems Cash-to-Debt Historical Data

The historical data trend for Skkynet Cloud Systems'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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Skkynet Cloud Systems Cash-to-Debt Chart

Skkynet Cloud Systems Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

11.51

12.47

38.42

No Debt

Skkynet Cloud Systems Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															51.20	51.40	No Debt	No Debt	No Debt

Competitive Comparison of Skkynet Cloud Systems's Cash-to-Debt

For the Software - Infrastructure subindustry, Skkynet Cloud Systems'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.

Skkynet Cloud Systems's Cash-to-Debt Distribution in the Software Industry

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

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

Skkynet Cloud Systems 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.

Skkynet Cloud Systems's Cash to Debt Ratio for the fiscal year that ended in Oct. 2023 is calculated as:

Skkynet Cloud Systems had no debt ⁽¹⁾.

Skkynet Cloud Systems's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Skkynet Cloud Systems had no debt ⁽¹⁾.

Skkynet Cloud Systems (OTCPK:SKKY) 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.

Skkynet Cloud Systems Cash-to-Debt Related Terms

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

Skkynet Cloud Systems (Skkynet Cloud Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Skkynet Cloud Systems Inc (OTCPK:SKKY) » Definitions » Cash-to-Debt

Comparable Companies

CISO VRAR JG VHC SOS CLOQ SDCH RVYL TGCB OLB MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SPLK

Traded in Other Exchanges

N/A

Address

2233 Argentina Road, Suite 302, Mississauga, ON, CAN, L5N 2X7

Website

https://www.skkynet.com

Skkynet Cloud Systems Inc is an industrial middleware vendor company. It provides connectivity and data acquisition to a wide variety of industrial and office hardware and software products. The company's Skkynet Connected Systems platform includes the SkkyHub service, DataHub, Skkynet Vine, and Embedded Toolkit software. The platform enables real-time data connectivity for industrial, embedded, and financial systems. The company provides three types of cloud services: remotely hosted cloud systems and locally hosted cloud systems or a hybrid of the two. The business serves North America, Europe, Asia Pacific, and South America globally.

Executives

Andrew S Thomas	director, 10 percent owner, officer: Chief Executive Officer	2233 ARGENTIA ROAD, SUITE 302, MISSISSAUGA A6 L5N 2X7
Paul Benford	director, 10 percent owner, officer: Chief Operating Officer	2233 ARGENTIA ROAD, SUITE 302, MISSISSAUGA A6 L5N 2X7
Lowell Thomas Holden	officer: Chief Financial Officer	631 US HWY 1, SUITE 407, NORTH PALM BEACH FL 33408
Paul E Thomas	director, 10 percent owner, officer: President	2233 ARGENTIA ROAD, SUITE 302, MISSISSAUGA A6 L5N 2X7
Xavier Eric Mesrobian	officer: VP Sales and Marketing	2233 ARGENTIA ROAD, SUITE 302, MISSISSAUGA A6 L5N 2X7
John X Adiletta	director	51 BOULDERWOOD DRIVE, BERNARDSVILLE NJ 07924
Kenneth W. Jennings	director	2233 ARGENTIA ROAD, SUITE 302, MISSISSAUGA A6 L5N 2X7
Norman Evans	director	5650 TOMKEN RD., UNIT 16, MISSISSAUGA A6 L4W 4P1
Michael R Thomas	other: Advisor	2233 ARGENTIA ROAD, SUITE 306, MISSISSAUGA A6 L5N 2X7