GitLab (GitLab) Cash-to-Debt : 2,527.52 (As of Jan. 2024)

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What is GitLab 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. GitLab's cash to debt ratio for the quarter that ended in Jan. 2024 was 2,527.52.

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, GitLab could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

GTLB' s Cash-to-Debt Range Over the Past 10 Years
Min: 829.63 Med: No Debt Max: No Debt
Current: 2527.52

During the past 5 years, GitLab's highest Cash to Debt Ratio was No Debt. The lowest was 829.63. And the median was No Debt.

GTLB's Cash-to-Debt is ranked better than
90.52% of 2796 companies
in the Software industry
Industry Median: 2.42 vs GTLB: 2527.52

GitLab Cash-to-Debt Historical Data

The historical data trend for GitLab'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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GitLab Cash-to-Debt Chart

GitLab Annual Data

Trend

Jan20

Jan21

Jan22

Jan23

Jan24

Cash-to-Debt

No Debt

829.63

2,527.52

GitLab Quarterly Data
	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												829.63	650.24	1,306.34	1,718.12	2,527.52

Competitive Comparison of GitLab's Cash-to-Debt

For the Software - Infrastructure subindustry, GitLab'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.

GitLab's Cash-to-Debt Distribution in the Software Industry

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

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

GitLab 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.

GitLab's Cash to Debt Ratio for the fiscal year that ended in Jan. 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)
	=	1036.285	/	(0.41	+	0)
	=	2,527.52

GitLab's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	1036.285	/	(0.41	+	0)
	=	2,527.52

GitLab (NAS:GTLB) 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.

GitLab Cash-to-Debt Related Terms

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GitLab (GitLab) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GitLab Inc (NAS:GTLB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GTLB:Mexico

Address

268 Bush Street, Suite 350, San Francisco, CA, USA, 94104-3503

Website

https://www.about.gitlab.com

GitLab Inc operates on an all-remote model. The company is a technology company whose primary offering is GitLab, a complete DevOps platform delivered as a single application. GitLab is used by a wide range of organizations. The company also provides related training and professional services. GitLab is offered on both self-managed and software-as-a-service (SaaS) models. The principal markets for GitLab are currently located in the United States, Europe, and Asia Pacific. The company is focused on accelerating innovation and broadening the distribution of its platform to companies across the world.

Executives

Robin Schulman	officer: Chief Legal Officer & Corp Sec	C/O NEW RELIC, INC., 188 SPEAR STREET, STE. 1200, SAN FRANCISCO CA 94105
Sytse Sijbrandij	director, officer: Chief Executive Officer	C/O GITLAB, INC., 268 BUSH STREET, #350, SAN FRANCISCO CA 94104
Brian G Robins	officer: Chief Financial Officer	21355 RIDGETOP CIRCLE, ATTN: GENERAL COUNSEL, DULLES VA 20166
Erin Mannix	officer: Chief Accounting Officer	801 LAKEVIEW DRIVE, BLUE BELL PA 19422
Mark Porter	director	C/O MONGODB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
Susan L Bostrom	director
Iconiq Strategic Partners Iv, L.p.	10 percent owner	394 PACIFIC AVENUE, SECOND FLOOR, SAN FRANCISCO CA 94111
Matthew Jacobson	director, 10 percent owner	C/O DATADOG, INC., 45TH FLOOR, NEW YORK NY 10001
Iconiq Strategic Partners Iii, L.p.	10 percent owner	394 PACIFIC AVENUE, 2ND FLOOR, SAN FRANCISCO CA 94111
Christopher Lee Weber	officer: Chief Revenue Officer	C/O UIPATH, INC., 452 5TH AVENUE, 22ND FLOOR, NEW YORK NY 10018
Michael Eugene Mcbride	officer: Chief Revenue Officer	C/O GITLAB, INC., 268 BUSH STREET, #350, SAN FRANCISCO CA 94104
Dale R Brown	officer: Principal Accounting Officer	1060 E ARQUES AVE, SUNNYVALE CA 94085
Gv 2021 Gp, L.l.c.	other: Member of 10% Group	1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA 94043
Divesh Makan	10 percent owner	C/O ICONIQ CAPITAL, 394 PACIFIC AVENUE, 2ND FLOOR, SAN FRANCISCO CA 94111
Howard Hartenbaum	10 percent owner	2480 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025