Katapult Holdings (Katapult Holdings) Cash-to-Debt : 0.25 (As of Dec. 2023)

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What is Katapult Holdings 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. Katapult Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.25.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Katapult Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

KPLT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.25 Med: 0.6 Max: 0.91
Current: 0.25

During the past 5 years, Katapult Holdings's highest Cash to Debt Ratio was 0.91. The lowest was 0.25. And the median was 0.60.

KPLT's Cash-to-Debt is ranked worse than
83.78% of 2792 companies
in the Software industry
Industry Median: 2.44 vs KPLT: 0.25

Katapult Holdings Cash-to-Debt Historical Data

The historical data trend for Katapult Holdings'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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Katapult Holdings Cash-to-Debt Chart

Katapult Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

0.59

0.91

0.61

0.25

Katapult Holdings Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											0.61	0.48	0.44	0.38	0.25

Competitive Comparison of Katapult Holdings's Cash-to-Debt

For the Software - Infrastructure subindustry, Katapult Holdings'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.

Katapult Holdings's Cash-to-Debt Distribution in the Software Industry

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

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

Katapult Holdings 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.

Katapult Holdings'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)
	=	21.408	/	(0.297	+	86.464)
	=	0.25

Katapult Holdings'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)
	=	21.408	/	(0.297	+	86.464)
	=	0.25

Katapult Holdings (NAS:KPLT) 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.

Katapult Holdings Cash-to-Debt Related Terms

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

Katapult Holdings (Katapult Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Katapult Holdings Inc (NAS:KPLT) » Definitions » Cash-to-Debt

Comparable Companies

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Traded in Other Exchanges

N/A

Address

5204 Tennyson Parkway, Suite 500, Plano, TX, USA, 75024

Website

https://www.katapult.com

Katapult Holdings Inc is a technology driven lease-to-own platform that integrates with omni-channel retailers and e-commerce platforms to power the purchase of everyday durable goods for underserved U.S. non-prime consumers. It is an eCommerce-focused FinTech company offering an innovative lease-purchase solution to consumers and enabling essential transactions at the merchant point of sale. Katapult is associated with hundreds of retailers across the United States.

Executives

Orlando Zayas	director, officer: Chief Executive Officer	5204 TENNYSON PKWY, SUITE 500, PLANO TX 75024
Chandan Chopra	officer: CHIEF TECHNOLOGY OFFICER	5204 TENNYSON PKWY, SUITE 500, PLANO TX 75024
Bruce Taragin	director	5204 TENNYSON PKWY, SUITE 500, PLANO TX 75024
Nancy A Walsh	officer: Chief Financial Officer	LL FLOORING HOLDINGS, INC., 4901 BAKERS MILL LANE, RICHMOND VA 23230
Jane J. Thompson	director	628 GREEN VALLEY ROAD, SUITE 500, GREENSBORO NC 27408
Brian Hirsch	director	C/O ACV AUCTIONS INC., 640 ELLICOTT STREET, #321, BUFFALO NY 14203
Lee Einbinder	director, officer: CEO	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Fangqui Sun	officer: CHIEF RISK OFFICER	5204 TENNYSON PKWY, SUITE 500, PLANO TX 75024
Karissa Cupito	officer: Chief Financial Officer	5204 TENNYSON PKWY, SUITE 500, PLANO TX 75024
Joyce Ann Phillips	director	1370 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017
Curo Financial Technologies Corp.	director, 10 percent owner	3615 N. RIDGE ROAD, WICHITA KS 67205
Donald Gayhardt	director	DOLLAR FINANCIAL CORP., 1436 LANCASTER AVE., BERWYN PA 19312
Christopher A Masto	director	C/O FREIDMAN FLEISCHER & LOWE, ONE MARITIME PLZ 10TH PLZ, SAN FRANCISCO CA 94111
Christopher Towers	officer: CHIEF ACCOUNTING OFFICER	1981 MARCUS AVENUE, SUITE 130, LAKE SUCCESS NY 11042
Maloney Tahmineh	officer: GENERAL COUNSEL	5204 TENNYSON PKWY, SUITE 500, PLANO TX 75024