Quantum eMotion (TSXV:QNC) Cash-to-Debt : 41.78 (As of Sep. 2023)

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What is Quantum eMotion 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. Quantum eMotion's cash to debt ratio for the quarter that ended in Sep. 2023 was 41.78.

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, Quantum eMotion could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

TSXV:QNC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.4 Med: No Debt Max: No Debt
Current: 41.78

During the past 13 years, Quantum eMotion's highest Cash to Debt Ratio was No Debt. The lowest was 0.40. And the median was No Debt.

TSXV:QNC's Cash-to-Debt is ranked better than
84.21% of 994 companies
in the Semiconductors industry
Industry Median: 1.79 vs TSXV:QNC: 41.78

Quantum eMotion Cash-to-Debt Historical Data

The historical data trend for Quantum eMotion'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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Quantum eMotion Cash-to-Debt Chart

Quantum eMotion Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.63

37.70

87.73

Quantum eMotion Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															86.91	74.02	64.86	87.73	41.78

Competitive Comparison of Quantum eMotion's Cash-to-Debt

For the Semiconductors subindustry, Quantum eMotion'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.

Quantum eMotion's Cash-to-Debt Distribution in the Semiconductors Industry

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

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

Quantum eMotion 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.

Quantum eMotion's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	3.509	/	(0.04	+	0)
	=	87.73

Quantum eMotion's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	1.671	/	(0.04	+	0)
	=	41.78

Quantum eMotion (TSXV:QNC) 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.

Quantum eMotion Cash-to-Debt Related Terms

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Quantum eMotion (TSXV:QNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Quantum eMotion Inc (TSXV:QNC) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

QNCCF:USA

Address

2300 Alfred Nobel Boulevard, Suite 209, Montreal, QC, CAN, H4S 2A4

Website

https://www.quantumemotion.com

Quantum eMotion Inc is dedicated to developing of a new generation of quantum-safe encryption for the quantum computing age. It is a developer of a new generation of cryptographic solutions under the acquisition of licenses. It allows clients and partners to develop secure quantum-safe encryption that can protect anything from consumer and enterprise devices like mobile phones, computers, the Internet of Things, and networking equipment to demanding cloud-based applications, servers, and military devices.

Executives

Marc Rousseau

Director

Quantum eMotion (TSXV:QNC) Headlines

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