Playtika Holding (STU:8II) Cash-to-Debt : 0.40 (As of Mar. 2024)

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What is Playtika Holding 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. Playtika Holding's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.40.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Playtika Holding couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

STU:8II' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.4 Max: 1.85
Current: 0.4

During the past 7 years, Playtika Holding's highest Cash to Debt Ratio was 1.85. The lowest was 0.11. And the median was 0.40.

STU:8II's Cash-to-Debt is ranked worse than
82.25% of 586 companies
in the Interactive Media industry
Industry Median: 4.635 vs STU:8II: 0.40

Playtika Holding Cash-to-Debt Historical Data

The historical data trend for Playtika Holding'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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Playtika Holding Cash-to-Debt Chart

Playtika Holding Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.11

0.22

0.44

0.30

0.41

Playtika Holding Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.30	0.38	0.35	0.41	0.40

Competitive Comparison of Playtika Holding's Cash-to-Debt

For the Electronic Gaming & Multimedia subindustry, Playtika Holding'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.

Playtika Holding's Cash-to-Debt Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Playtika Holding's Cash-to-Debt distribution charts can be found below:

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

Playtika Holding 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.

Playtika Holding'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)
	=	944.235	/	(33.287	+	2281.313)
	=	0.41

Playtika Holding's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	934.26	/	(38.824	+	2274.792)
	=	0.40

Playtika Holding (STU:8II) 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.

Playtika Holding Cash-to-Debt Related Terms

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

Playtika Holding (STU:8II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Playtika Holding Corp (STU:8II) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PLTK:USA

Address

C/o Playtika Ltd, HaChoshlim Street 8, Herzliya Pituarch, ISR

Website

https://www.playtika.com

Playtika Holding Corp is primarily engaged in developing mobile games. Some of its games include Board Kings, House of Fun, Poker Heat, Slotomania, and Bingo Blitz. The company has built live game operations services and a proprietary technology platform to support its portfolio of games. It primarily derives revenue from the sale of virtual items associated with online games. Geographically, the group has a business presence in the USA, EMEA, APAC and Other regions of which key revenue is derived from the USA. It offers both Mobile and Web-based platforms.

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