Tier1 Technology (XMAD:TR1) Cash-to-Debt : 4.84 (As of Jun. 2023)

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What is Tier1 Technology 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. Tier1 Technology's cash to debt ratio for the quarter that ended in Jun. 2023 was 4.84.

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, Tier1 Technology could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for Tier1 Technology's Cash-to-Debt or its related term are showing as below:

XMAD:TR1' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.62 Med: 3.98 Max: 6.76
Current: 4.84

During the past 7 years, Tier1 Technology's highest Cash to Debt Ratio was 6.76. The lowest was 1.62. And the median was 3.98.

XMAD:TR1's Cash-to-Debt is ranked better than
59.04% of 2800 companies
in the Software industry
Industry Median: 2.47 vs XMAD:TR1: 4.84

Tier1 Technology Cash-to-Debt Historical Data

The historical data trend for Tier1 Technology'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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Tier1 Technology Cash-to-Debt Chart

Tier1 Technology Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash-to-Debt

Get a 7-Day Free Trial

4.55

2.87

4.31

2.00

1.83

Tier1 Technology Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial									2.00	3.98	1.83	1.62	4.84

Competitive Comparison of Tier1 Technology's Cash-to-Debt

For the Information Technology Services subindustry, Tier1 Technology'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.

Tier1 Technology's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Tier1 Technology's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tier1 Technology's Cash-to-Debt falls into.

Tier1 Technology 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.

Tier1 Technology's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 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)
	=	2.912	/	(0.222	+	1.367)
	=	1.83

Tier1 Technology's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	2.914	/	(0.17	+	0.432)
	=	4.84

Tier1 Technology (XMAD:TR1) 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.

Tier1 Technology Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Tier1 Technology's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Tier1 Technology (XMAD:TR1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tier1 Technology SA (XMAD:TR1) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

V78:Germany

Address

C / Boabdil 6, Beds, Edificio Vega 7, Seville, ESP, 41900

Website

https://www.tier1.es

Tier1 Technology SA provides computer services. It is focused on the development of its software products. Tier1 builds IT solutions for business processes such as purchasing, sales, finance, logistics, asset management, and others.

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