Lumine Group (TSXV:LMN) Cash-to-Debt : 1.03 (As of Mar. 2024)

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What is Lumine Group 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. Lumine Group's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.03.

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

TSXV:LMN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.72 Med: 0.91 Max: 5.88
Current: 1.03

During the past 3 years, Lumine Group's highest Cash to Debt Ratio was 5.88. The lowest was 0.72. And the median was 0.91.

TSXV:LMN's Cash-to-Debt is ranked worse than
63.96% of 2800 companies
in the Software industry
Industry Median: 2.45 vs TSXV:LMN: 1.03

Lumine Group Cash-to-Debt Historical Data

The historical data trend for Lumine Group'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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Lumine Group Cash-to-Debt Chart

Lumine Group Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

5.88

2.59

0.88

Lumine Group Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial					0.72	0.75	0.91	0.88	1.03

Competitive Comparison of Lumine Group's Cash-to-Debt

For the Software - Application subindustry, Lumine Group'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.

Lumine Group's Cash-to-Debt Distribution in the Software Industry

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

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

Lumine Group 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.

Lumine Group'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)
	=	196.556	/	(12.65	+	210.037)
	=	0.88

Lumine Group'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)
	=	351.65	/	(11.725	+	330.188)
	=	1.03

Lumine Group (TSXV:LMN) 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.

Lumine Group Cash-to-Debt Related Terms

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

Lumine Group (TSXV:LMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Lumine Group Inc (TSXV:LMN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LMGIF:USA

Address

5060 Spectrum Way, Suite 100, Mississauga, ON, CAN, L4W 5N5

Website

https://www.luminegroup.com

Lumine Group Inc acquires, strengthens, and grows vertical market software businesses in the Communications and Media industry. The company's software solutions are designed to enable customers to boost productivity and operate more cost effectively, innovate more rapidly to address rapidly changing market needs and opportunities, grow top-line sales, improve customer service, and reduce customer churn.

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