TextMagic AS (OTSE:MAGIC) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is TextMagic AS 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. TextMagic AS's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, TextMagic AS could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

OTSE:MAGIC' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 3 years, TextMagic AS's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

OTSE:MAGIC's Cash-to-Debt is ranked better than
99.86% of 2766 companies
in the Software industry
Industry Median: 2.53 vs OTSE:MAGIC: No Debt

TextMagic AS Cash-to-Debt Historical Data

The historical data trend for TextMagic AS'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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TextMagic AS Cash-to-Debt Chart

TextMagic AS Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

TextMagic AS Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of TextMagic AS's Cash-to-Debt

For the Software - Application subindustry, TextMagic AS'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.

TextMagic AS's Cash-to-Debt Distribution in the Software Industry

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

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

TextMagic AS 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.

TextMagic AS's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

TextMagic AS had no debt ⁽¹⁾.

TextMagic AS's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

TextMagic AS had no debt ⁽¹⁾.

TextMagic AS (OTSE:MAGIC) 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.

TextMagic AS Cash-to-Debt Related Terms

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

TextMagic AS (OTSE:MAGIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TextMagic AS (OTSE:MAGIC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Moisa Road 4, Tallinn, EST, 13522

Website

https://www.textmagic.com

TextMagic AS is an international text messaging company that helps small and medium-sized businesses to engage with customers. It operates mainly in the U.S., the U.K., Canada, and Australia. TextMagic enables companies to transform customer experiences through its easy-to-use text messaging marketing software, which can be used for sending notifications, alerts, reminders, confirmations, and SMS marketing campaigns anytime, anywhere. The majority of revenue is derived from the United States and Canada.

TextMagic AS (OTSE:MAGIC) Headlines

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TextMagic AS (OTSE:MAGIC) Cash-to-Debt : No Debt (1) (As of Dec. 2023)