Briox AB (NGM:BRIX) Cash-to-Debt : 64.70 (As of Mar. 2024)

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What is Briox AB 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. Briox AB's cash to debt ratio for the quarter that ended in Mar. 2024 was 64.70.

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, Briox AB could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

NGM:BRIX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: No Debt Max: No Debt
Current: 64.7

During the past 13 years, Briox AB's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was No Debt.

NGM:BRIX's Cash-to-Debt is ranked better than
83.23% of 2725 companies
in the Software industry
Industry Median: 2.49 vs NGM:BRIX: 64.70

Briox AB Cash-to-Debt Historical Data

The historical data trend for Briox AB'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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Briox AB Cash-to-Debt Chart

Briox AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

1,954.00

Briox AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	1,954.00	64.70

Competitive Comparison of Briox AB's Cash-to-Debt

For the Software - Infrastructure subindustry, Briox AB'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.

Briox AB's Cash-to-Debt Distribution in the Software Industry

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

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

Briox AB 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.

Briox AB'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)
	=	17.586	/	(0.009	+	0)
	=	1,954.00

Briox AB's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	8.088	/	(0.125	+	0)
	=	64.70

Briox AB (NGM:BRIX) 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.

Briox AB Cash-to-Debt Related Terms

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

Briox AB (NGM:BRIX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Briox AB (NGM:BRIX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sodra Jarnvagsgatan 4A, Vaxjo, SWE, 352 29

Website

http://www.briox.se

Briox AB is a SaaS company. The company offers solutions to manage the smallest businesses finances. The solutions are being sold online and through Accounting Agencies and Accountants. Briox software connects the Accountant with the business owner, and the customers are to be found within multiple industries with a focus on the service segment. Its software is available in Finland, Estonia, Latvia and Lithuania.

Briox AB (NGM:BRIX) Headlines

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