Arqit Quantum (Arqit Quantum) Cash-to-Debt : 5.29 (As of Sep. 2023)

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What is Arqit Quantum 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. Arqit Quantum's cash to debt ratio for the quarter that ended in Sep. 2023 was 5.29.

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, Arqit Quantum could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

ARQQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 5.29 Max: No Debt
Current: 5.29

During the past 5 years, Arqit Quantum's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was 5.29.

ARQQ's Cash-to-Debt is ranked better than
60.34% of 2796 companies
in the Software industry
Industry Median: 2.42 vs ARQQ: 5.29

Arqit Quantum Cash-to-Debt Historical Data

The historical data trend for Arqit Quantum'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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Arqit Quantum Cash-to-Debt Chart

Arqit Quantum Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

1.28

0.04

No Debt

6.25

5.29

Arqit Quantum Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	9.05	6.25	4.52	5.29

Competitive Comparison of Arqit Quantum's Cash-to-Debt

For the Software - Infrastructure subindustry, Arqit Quantum'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.

Arqit Quantum's Cash-to-Debt Distribution in the Software Industry

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

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

Arqit Quantum 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.

Arqit Quantum'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)
	=	44.455	/	(2.118	+	6.284)
	=	5.29

Arqit Quantum's Cash to Debt Ratio for the quarter 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)
	=	44.455	/	(2.118	+	6.284)
	=	5.29

Arqit Quantum (NAS:ARQQ) 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.

Arqit Quantum Cash-to-Debt Related Terms

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Arqit Quantum (Arqit Quantum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Arqit Quantum Inc (NAS:ARQQ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nova North, 11 Bressenden Place, 7th floor, London, GBR, SW1E 5BY

Website

https://www.arqit.uk

Arqit Quantum Inc is a cybersecurity company that has pioneered a symmetric key agreement technology which makes the communications links of any networked device or data at rest secure against current and future forms of cyber attack - even an attack from a quantum computer. Arqit delivers its symmetric key agreement technology via its QuantumCloud. Its product, QuantumCloud, enables any device to download a lightweight software agent, which can create keys in partnership with any other device. The firm operates in one segment that is, the provision of cybersecurity services via satellite and terrestrial platforms. Key revenue comes from the UK.