Titan Logix (TSXV:TLA) Cash-to-Debt : 15.86 (As of Feb. 2024)

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What is Titan Logix 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. Titan Logix's cash to debt ratio for the quarter that ended in Feb. 2024 was 15.86.

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, Titan Logix could pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

TSXV:TLA' s Cash-to-Debt Range Over the Past 10 Years
Min: 15.67 Med: 60.84 Max: No Debt
Current: 15.86

During the past 13 years, Titan Logix's highest Cash to Debt Ratio was No Debt. The lowest was 15.67. And the median was 60.84.

TSXV:TLA's Cash-to-Debt is ranked better than
80.61% of 2909 companies
in the Industrial Products industry
Industry Median: 1.22 vs TSXV:TLA: 15.86

Titan Logix Cash-to-Debt Historical Data

The historical data trend for Titan Logix'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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Titan Logix Cash-to-Debt Chart

Titan Logix Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

18.97

26.49

56.41

16.42

Titan Logix Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															69.58	83.92	16.42	16.43	15.86

Competitive Comparison of Titan Logix's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Titan Logix'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.

Titan Logix's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Titan Logix's Cash-to-Debt distribution charts can be found below:

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

Titan Logix 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.

Titan Logix's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	12.756	/	(0.096	+	0.681)
	=	16.42

Titan Logix's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	12.516	/	(0.111	+	0.678)
	=	15.86

Titan Logix (TSXV:TLA) 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.

Titan Logix Cash-to-Debt Related Terms

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

Titan Logix (TSXV:TLA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Titan Logix Corp (TSXV:TLA) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

TPCFF:USA

Address

4130 - 93rd Street, Edmonton, AB, CAN, T6E 5P5

Website

https://www.titanlogix.com

Titan Logix Corp designs and manufactures mobile liquid measurement solutions to help businesses reduce risk and maximize efficiencies in bulk liquid transportation. Titan's TD Series of tank-level monitors are known for their high level of accuracy, rugged design, and solid-state reliability. The solutions are designed for hazardous and non-hazardous applications and serve customers in a wide range of applications including petroleum, environmental solutions, chemical and agriculture. The company predominantly operates in two geographic regions that is Canada and the United States. It derives majority of its revenue from its business in the United States.

Executives

Grant Reeves

Director

Titan Logix (TSXV:TLA) Headlines

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