Plurilock Security (TSXV:PLUR) Cash-to-Debt : 0.33 (As of Dec. 2023)

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What is Plurilock 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. Plurilock Security's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.33.

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, Plurilock Security couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSXV:PLUR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.3 Med: 0.41 Max: 46.87
Current: 0.33

During the past 5 years, Plurilock Security's highest Cash to Debt Ratio was 46.87. The lowest was 0.30. And the median was 0.41.

TSXV:PLUR's Cash-to-Debt is ranked worse than
80.96% of 2805 companies
in the Software industry
Industry Median: 2.57 vs TSXV:PLUR: 0.33

Plurilock Security Cash-to-Debt Historical Data

The historical data trend for Plurilock 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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Plurilock Security Cash-to-Debt Chart

Plurilock Security Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.30

36.62

46.87

0.41

0.33

Plurilock Security Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial														0.41	0.39	0.75	0.50	0.33

Competitive Comparison of Plurilock Security's Cash-to-Debt

For the Software - Infrastructure subindustry, Plurilock 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.

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

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

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

Plurilock 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.

Plurilock 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)
	=	1.918	/	(4.614	+	1.27)
	=	0.33

Plurilock 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)
	=	1.918	/	(4.614	+	1.27)
	=	0.33

Plurilock Security (TSXV:PLUR) 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.

Plurilock Security Cash-to-Debt Related Terms

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

Plurilock Security (TSXV:PLUR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Plurilock Security Inc (TSXV:PLUR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PLCKF:USA 659:Germany

Address

1021 West Hastings Street, MNP Tower, 9th Floor, Vancouver, BC, CAN, V6E 0C3

Website

https://www.plurilock.com

Plurilock Security Inc is an identity-centric cybersecurity company that reduces or eliminates the need for passwords by measuring the pace, rhythm, and cadence of a user's keystrokes to confirm their identity. It has two operating segments, the Technology Division and the Solutions Division. The Technology division, operated under the legacy Plurilock brand, builds and operates Plurilock's own proprietary products. The Solutions division offers ASC's and INC's services and resells cybersecurity industry products and technologies to meet customer needs.

Executives

Jord Tanner

Senior Officer