What is Okta 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. Okta's cash to debt ratio for the quarter that ended in Jan. 2024 was 1.70.
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, Okta could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.
The historical rank and industry rank for Okta's Cash-to-Debt or its related term are showing as below:
OKTA'
s Cash-to-Debt Range Over the Past 10 Years
Min: 1.09 Med: 1.51 Max: No Debt
Current: 1.7
During the past 10 years, Okta's highest Cash to Debt Ratio was No Debt. The lowest was 1.09. And the median was 1.51.
Okta Cash-to-Debt Historical Data
The historical data trend for Okta'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.
Okta Cash-to-Debt Chart
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Okta Annual Data
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Trend |
Jan15 |
Jan16 |
Jan17 |
Jan18 |
Jan19 |
Jan20 |
Jan21 |
Jan22 |
Jan23 |
Jan24 |
| Cash-to-Debt |
|
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|
|
1.27 |
1.30 |
1.23 |
1.09 |
1.70 |
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Okta Quarterly Data
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Apr19 |
Jul19 |
Oct19 |
Jan20 |
Apr20 |
Jul20 |
Oct20 |
Jan21 |
Apr21 |
Jul21 |
Oct21 |
Jan22 |
Apr22 |
Jul22 |
Oct22 |
Jan23 |
Apr23 |
Jul23 |
Oct23 |
Jan24 |
| Cash-to-Debt |
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|
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1.09 |
1.21 |
1.34 |
1.50 |
1.70 |
Competitive Comparison of Okta's Cash-to-Debt
For the Software - Infrastructure subindustry, Okta'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.
Okta's Cash-to-Debt Distribution in the Software Industry
For the Software industry and Technology sector, Okta's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Okta's Cash-to-Debt falls into.
Okta 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.
Okta's Cash to Debt Ratio for the fiscal year that ended in Jan. 2024 is calculated as:
Okta's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:
* 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.
Okta (OKTA) Business Description
Traded in Other Exchanges
Address
100 First Street, Suite 600, San Francisco, CA, USA, 94105
Okta is a cloud-native security company that focuses on identity and access management. The San Francisco-based firm went public in 2017 and focuses on two key client stakeholder groups: workforces and customers. Okta's workforce offerings enable a company's employees to securely access its cloud-based and on-premises resources. The firm's customer offerings allow its clients' customers to securely access the client's applications.
Executives
| Larissa Schwartz |
officer: See Remarks |
C/O OKTA, INC., 100 FIRST STREET, SUITE 600, SAN FRANCISCO CA 94105 |
| Jacques Frederic Kerrest |
director, officer: Chief Operating Officer |
C/O OKTA, INC., 301 BRANNAN STREET 1ST FLOOR, SAN FRANCISCO CA 94107 |
| Shibu Ninan |
officer: Chief Accounting Officer |
C/O OKTA, INC., 100 FIRST STREET, SUITE 600, SAN FRANCISCO CA 94105 |
| Brett Tighe |
officer: See Remarks |
C/O OKTA, INC., 100 FIRST STREET, SUITE 600, SAN FRANCISCO CA 94105 |
| Todd Mckinnon |
director, 10 percent owner, officer: Chief Executive Officer |
C/O OKTA, INC., 301 BRANNAN STREET 1ST FLOOR, SAN FRANCISCO CA 94107 |
| Jonathan T Runyan |
officer: General Counsel and Secretary |
C/O OKTA, INC., 301 BRANNAN STREET 1ST FLOOR, SAN FRANCISCO CA 94107 |
| Ledger Susan St. |
officer: See Remarks |
C/O OKTA, INC., 100 FIRST STREET, SUITE 600, SAN FRANCISCO CA 94105 |
| Dixon Robert L Jr |
director |
120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204 |
| Emilie Choi |
director |
C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111 |
| Christopher K Kramer |
officer: Chief Accounting Officer |
C/O OKTA, INC., 100 FIRST STREET, SUITE 600, SAN FRANCISCO CA 94105 |
| Benjamin A Horowitz |
director, 10 percent owner |
2865 SAND HILL ROAD #101, MENLO PARK CA 94025 |
| Jeff Epstein |
director |
C/O PRICELINE COM INC, 800 CONNECTICUT AVENUE, NORWALK CT 06854 |
| Michael R Kourey |
director |
|
| William E Losch |
officer: Chief Financial Officer |
DREAMWORKS ANIMATION SKG, INC., 1000 FLOWER STREET, GLENDALE CA 91201 |
| Charles Race |
officer: See Remarks |
C/O INFORMATICA CORPORATION, 2100 SEAPORT BOULEVARD, REDWOOD CITY CA 94063 |
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