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Check Point Software Technologies (Check Point Software Technologies) Cash-to-Debt : No Debt (1) (As of Dec. 2023)


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What is Check Point Software Technologies 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. Check Point Software Technologies's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt (1).

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, Check Point Software Technologies 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 Check Point Software Technologies's Cash-to-Debt or its related term are showing as below:

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

During the past 13 years, Check Point Software Technologies's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

CHKP's Cash-to-Debt is ranked better than
99.82% of 2792 companies
in the Software industry
Industry Median: 2.415 vs CHKP: No Debt

Check Point Software Technologies Cash-to-Debt Historical Data

The historical data trend for Check Point Software Technologies'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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Check Point Software Technologies Cash-to-Debt Chart

Check Point Software Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Check Point Software Technologies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Check Point Software Technologies's Cash-to-Debt

For the Software - Infrastructure subindustry, Check Point Software Technologies'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.


Check Point Software Technologies's Cash-to-Debt Distribution in the Software Industry

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

* The bar in red indicates where Check Point Software Technologies's Cash-to-Debt falls into.



Check Point Software Technologies 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.

Check Point Software Technologies's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Check Point Software Technologies had no debt (1).

Check Point Software Technologies's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Check Point Software Technologies had no debt (1).

* 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.


Check Point Software Technologies  (NAS:CHKP) 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.


Check Point Software Technologies Cash-to-Debt Related Terms

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Check Point Software Technologies (Check Point Software Technologies) Business Description

Traded in Other Exchanges
Address
5 Shlomo Kaplan Street, Tel Aviv, ISR, 6789159
Check Point Software Technologies is a pure-play cybersecurity vendor. The company offers solutions for network, endpoint, cloud, and mobile security in addition to security management. Check Point, a software specialist, sells to enterprises, businesses, and consumers. Around 50% of revenue is generated in Europe, the Middle East, and Africa, 40% from the Americas, and 10% from the Asia-Pacific region. The firm, based in Tel Aviv, Israel, was founded in 1993 and has about 5,000 employees.