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Scope AI (XCNQ:SCPE) Cash-to-Debt : 47.60 (As of Dec. 2023)


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What is Scope AI 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. Scope AI's cash to debt ratio for the quarter that ended in Dec. 2023 was 47.60.

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

XCNQ:SCPE' s Cash-to-Debt Range Over the Past 10 Years
Min: 47.6   Med: No Debt   Max: No Debt
Current: 47.6

During the past 3 years, Scope AI's highest Cash to Debt Ratio was No Debt. The lowest was 47.60. And the median was No Debt.

XCNQ:SCPE's Cash-to-Debt is ranked better than
82.1% of 2799 companies
in the Software industry
Industry Median: 2.47 vs XCNQ:SCPE: 47.60

Scope AI Cash-to-Debt Historical Data

The historical data trend for Scope AI'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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Scope AI Cash-to-Debt Chart

Scope AI Annual Data
Trend Sep21 Sep22 Sep23
Cash-to-Debt
- No Debt No Debt

Scope AI Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt 47.60

Competitive Comparison of Scope AI's Cash-to-Debt

For the Software - Infrastructure subindustry, Scope AI'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.

Scope AI's Cash-to-Debt Distribution in the Software Industry

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

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


Scope AI 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.

Scope AI's Cash to Debt Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

Scope AI had no debt (1).

Scope AI's Cash to Debt Ratio for the quarter 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)
=1.19 / (0.025 + 0)
=47.60

* 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.

Scope AI  (XCNQ:SCPE) 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.

Scope AI Cash-to-Debt Related Terms

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Scope AI (XCNQ:SCPE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Scope AI Corp (XCNQ:SCPE) » Definitions » Cash-to-Debt
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Traded in Other Exchanges
SCPCF:USA
Address
1800 - 510 West Georgia Street, Vancouver, BC, CAN, V6B 0M3
Website
https://www.scopecarboncorp.com
Scope Carbon Corp is a Canadian technology company. It develops Artificial Intelligence (AI) analytical software and intellectual property for use in analyzing data related to nature-based objects (e.g. forests, wetlands, and other areas) as it relates to carbon credit certification. The company's current business plan is to enable large volumes of object based data to be converted into digestible data that carbon credit experts and others are able to use to verify the characteristics of trees, wetlands, and other areas.