Issuer Direct (Issuer Direct) Cash-to-Debt : 0.27 (As of Dec. 2023)

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What is Issuer Direct 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. Issuer Direct's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.27.

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, Issuer Direct 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 Issuer Direct's Cash-to-Debt or its related term are showing as below:

ISDR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.21 Med: 7.98 Max: No Debt
Current: 0.27

During the past 13 years, Issuer Direct's highest Cash to Debt Ratio was No Debt. The lowest was 0.21. And the median was 7.98.

ISDR's Cash-to-Debt is ranked worse than
82.96% of 2799 companies
in the Software industry
Industry Median: 2.43 vs ISDR: 0.27

Issuer Direct Cash-to-Debt Historical Data

The historical data trend for Issuer Direct'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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Issuer Direct Cash-to-Debt Chart

Issuer Direct Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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6.04

9.92

14.38

0.21

0.27

Issuer Direct Quarterly Data
	Mar19	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															0.21	0.16	0.24	0.24	0.27

Competitive Comparison of Issuer Direct's Cash-to-Debt

For the Software - Application subindustry, Issuer Direct'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.

Issuer Direct's Cash-to-Debt Distribution in the Software Industry

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

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

Issuer Direct 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.

Issuer Direct'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)
	=	5.714	/	(4	+	16.922)
	=	0.27

Issuer Direct'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)
	=	5.714	/	(4	+	16.922)
	=	0.27

Issuer Direct (AMEX:ISDR) 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.

Issuer Direct Cash-to-Debt Related Terms

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

Issuer Direct (Issuer Direct) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Issuer Direct Corp (AMEX:ISDR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

IDE:Germany

Address

One Glenwood Avenue, Suite 1001, Raleigh, NC, USA, 27603

Website

https://www.issuerdirect.com

Issuer Direct Corp is a communications and compliance company. It focuses on the needs of corporate issuers. It provides disclosure management solutions, shareholder communications tools, and cloud-based compliance technologies. The company serves a diverse range of client base in the financial services industry, including brokerage firms, banks, mutual funds, accounting and the legal communities. Its current brands and products include the following: Issuer Direct, Accesswire, Investor Network, Blueprint, Classify, iProxy Direct, iR Direct and annual report service. Its primary geographic markets are North America and Europe of which North America contributes the vast majority of total revenue.

Executives

Brian R Balbirnie	director, 10 percent owner, officer: Chairman & CEO	C/O ISSUER DIRECT CORP., 500 PERIMETER PARK DRIVE, SUITE D, MORRISVILLE NC 27560
J. Patrick Galleher	director	11 S. 12TH STREET, RICHMOND VA 23219
William H Everett	director	6 ARROWWOOD LANE, ANDOVER MA 01810
Steven Winfield Knerr	officer: Chief Financial Officer	500 PERIMETER PARK DRIVE, SUITE D, MORRISVILLE NC 27560
Timothy Pitoniak	officer: Chief Financial Officer	8651 10TH ST N, APT 132, ST. PETERSBURG FL 33702
Marti Beller Lazear	director	1000 CENTRAL AVENUE, ST. PETERSBURG FL 33705
Graeme P. Rein	director	221 WILCOX ST, SUITE A, CASTLE ROCK CO 80104
Eric Alan Frank	director	23 WASHINGTON AVENUE, IRVINGTON NY 10533
Michael Joseph Nowlan	director	336 GLENGARRY AVE., NORTH YORK A6 M5M1E6
Red Oak Partners, Llc	10 percent owner	95 S. FEDERAL HWY, SUITE 201, BOCA RATON FL 33432
Wesley T Pollard	officer: Chief Financial Officer	10109 SPORTING CLUB DR, RALEIGH NC 27617
James Michael	10 percent owner	5321 RIDGELOCH PLACE, RALEIGH NC 27612
David Sandberg	director	40 SE 5TH STREET, SUITE 502, BOCA RATON FL 33432
Andre Boisvert	director	46939 BAYSIDE PKWY, FREMONT CA 94538
Lori A Jones	officer: Chief Executive Officer	8310 N. NEW BRAUNFELS, SUITE 205, SAN ANTONIO TX 78217