Turnium Technology Group (TSXV:TTGI) Cash-to-Debt : 0.11 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Turnium Technology Group 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. Turnium Technology Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.11.

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, Turnium Technology Group 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 Turnium Technology Group's Cash-to-Debt or its related term are showing as below:

TSXV:TTGI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.15 Max: 0.75
Current: 0.11

During the past 4 years, Turnium Technology Group's highest Cash to Debt Ratio was 0.75. The lowest was 0.07. And the median was 0.15.

TSXV:TTGI's Cash-to-Debt is ranked worse than
90.89% of 2766 companies
in the Software industry
Industry Median: 2.51 vs TSXV:TTGI: 0.11

Turnium Technology Group Cash-to-Debt Historical Data

The historical data trend for Turnium Technology Group'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.

* Premium members only.

Turnium Technology Group Cash-to-Debt Chart

Turnium Technology Group Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

0.16

0.27

0.20

0.10

Turnium Technology Group Quarterly Data
	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								0.14	0.12	0.07	0.10	0.11

Competitive Comparison of Turnium Technology Group's Cash-to-Debt

For the Software - Infrastructure subindustry, Turnium Technology Group'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.

Turnium Technology Group's Cash-to-Debt Distribution in the Software Industry

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

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

Turnium Technology Group 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.

Turnium Technology Group's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	0.153	/	(0.567	+	0.972)
	=	0.10

Turnium Technology Group'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)
	=	0.181	/	(0.532	+	1.071)
	=	0.11

Turnium Technology Group (TSXV:TTGI) 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.

Turnium Technology Group Cash-to-Debt Related Terms

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

Turnium Technology Group (TSXV:TTGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Turnium Technology Group Inc (TSXV:TTGI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

E48:Germany

Address

3355 Grandview Hwy, Vancouver, BC, CAN, V5M 1Z5

Website

https://www.turnium.com

Turnium Technology Group Inc invests in companies that are creating software-defined networks for service providers, enterprises, and small-medium business. The company deliver its software-defined wide area networking solution as a white label, containerized, disaggregated software platform that channel partners host, manage, brand, and price and as a managed cloud-native service.

Executives

Ralph Garcea

Director

Turnium Technology Group (TSXV:TTGI) Headlines

No Headlines