Neurones (XPAR:NRO) Cash-to-Debt : 6.77 (As of Dec. 2023)

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What is Neurones 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. Neurones's cash to debt ratio for the quarter that ended in Dec. 2023 was 6.77.

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, Neurones could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

XPAR:NRO' s Cash-to-Debt Range Over the Past 10 Years
Min: 6.77 Med: 22.81 Max: 471.56
Current: 6.77

During the past 13 years, Neurones's highest Cash to Debt Ratio was 471.56. The lowest was 6.77. And the median was 22.81.

XPAR:NRO's Cash-to-Debt is ranked better than
63.25% of 2718 companies
in the Software industry
Industry Median: 2.43 vs XPAR:NRO: 6.77

Neurones Cash-to-Debt Historical Data

The historical data trend for Neurones'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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Neurones Cash-to-Debt Chart

Neurones Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

6.91

7.80

7.51

7.65

6.77

Neurones Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															7.51	6.54	7.65	7.03	6.77

Competitive Comparison of Neurones's Cash-to-Debt

For the Information Technology Services subindustry, Neurones'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.

Neurones's Cash-to-Debt Distribution in the Software Industry

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

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

Neurones 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.

Neurones'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)
	=	297.758	/	(13.056	+	30.926)
	=	6.77

Neurones'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)
	=	297.758	/	(13.056	+	30.926)
	=	6.77

Neurones (XPAR:NRO) 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.

Neurones Cash-to-Debt Related Terms

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

Neurones (XPAR:NRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Neurones (XPAR:NRO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NE9:Germany

Address

Immeuble Le Clemenceau 1 - 205, Avenue Georges Clemenceau, Nanterre Cedex, Paris, FRA, 92024

Website

https://www.neurones.net

Neurones SA is a France-based technology sector company. Its core business involves the provision of Information Technology (IT) services catering to the needs of hardware, software, and consulting. Its operations are thereby divided into three segments: Infrastructure Services, Application Services, and Consulting. The Infrastructure segment is the strongest revenue driver through the provision of such services as IT operations, IT service management, systems and network, server, application, and workstation outsourcing. Its second most profitable business is carried out through the Application segment, which entails SAP, Web and decision support, social media, data analysis.