Procore Technologies (Procore Technologies) Cash-to-Debt : 8.32 (As of Dec. 2023)

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What is Procore 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. Procore Technologies's cash to debt ratio for the quarter that ended in Dec. 2023 was 8.32.

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

PCOR' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.3 Med: 5.29 Max: 8.32
Current: 8.32

During the past 7 years, Procore Technologies's highest Cash to Debt Ratio was 8.32. The lowest was 1.30. And the median was 5.29.

PCOR's Cash-to-Debt is ranked better than
65.22% of 2792 companies
in the Software industry
Industry Median: 2.44 vs PCOR: 8.32

Procore Technologies Cash-to-Debt Historical Data

The historical data trend for Procore 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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Procore Technologies Cash-to-Debt Chart

Procore Technologies Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.42

3.98

6.59

6.96

8.32

Procore 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															6.96	7.32	7.52	7.35	8.32

Competitive Comparison of Procore Technologies's Cash-to-Debt

For the Software - Application subindustry, Procore 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.

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

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

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

Procore 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.

Procore Technologies'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)
	=	677.951	/	(0	+	81.504)
	=	8.32

Procore Technologies'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)
	=	677.951	/	(0	+	81.504)
	=	8.32

Procore Technologies (NYSE:PCOR) 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.

Procore Technologies Cash-to-Debt Related Terms

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Procore Technologies (Procore Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Procore Technologies Inc (NYSE:PCOR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

5PT:Germany 5PT:Germany P2CO34:Brazil

Address

6309 Carpinteria Avenue, Carpinteria, CA, USA, 93013

Website

https://www.procore.com

Procore Technologies Inc is a cloud-based construction management software company. It generates revenue through subscriptions for access to its software products. The company's products include Design Coordination, BIM, Field Productivity, Project Financials, Invoice Management, Portfolio Financials, Capital Planning, Accounting Integrations, and Analytics.

Executives

O Connor Kevin J	director	C/O DOUBLECLICK INC., 111 EIGHTH AVENUE, NEW YORK NY 10011
Benjamin C Singer	officer: Chief Legal Officer; Secretary	5 CROSBY STREET, NEW YORK NY 10013
Howard Fu	officer: CFO & Treasurer	6309 CARPINTERIA AVE, CARPINTERIA CA 93013
Courtemanche Craig F. Jr.	director, officer: Chief Executive Officer, other: Chairman of the Board	6309 CARPINTERIA AVE, CARPINTERIA CA 93013
Nanci Caldwell	director	C/O DELTEK, INC., 2291 WOOD OAK DRIVE, HERNDON VA 20171
Iconiq Strategic Partners Ii, L.p.	10 percent owner	50 BEALE ST., STE 2300, SAN FRANCISCO CA 94105
Griffith William J.g.	director, 10 percent owner	21300 VICTORY BLVD., 12TH FLOOR, WOODLAND HILLS CA 91367
Joy Driscoll Durling	officer: Chief Data Officer	772 UTAH VALLEY DRIVE, AMERICAN FORK UT 84003
Steven Scott Davis	officer: President Product & Technology	6309 CARPINTERIA AVE, CARPINTERIA CA 93013
Fleming William Fred Jr	officer: VP, Corporate Controller	6309 CARPINTERIA AVE, CARPINTERIA CA 93013
Elisa Steele	director	1601 CLOVERFIELD BLVD, STE 620 SOUTH, SANTA MONICA CA 90404
Kathryn Bueker	director	C/O HUBSPOT, INC., 25 FIRST STREET, 2ND FLOOR, CAMBRIDGE MA 02141
Graham Smith	director	301 BRANNMAN ST, SAN FRANCISCO CA 94107
Paul Lyandres	officer: Chief Financial Officer	6309 CARPINTERIA AVE, CARPINTERIA CA 93013
Dennis Lyandres	officer: Chief Revenue Officer	6309 CARPINTERIA AVE, CARPINTERIA CA 93013