What is Remitly Global 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. Remitly Global's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.75.
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, Remitly Global could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.
The historical rank and industry rank for Remitly Global's Cash-to-Debt or its related term are showing as below:
RELY'
s Cash-to-Debt Range Over the Past 10 Years
Min: 1.75 Med: 23.95 Max: 65.6
Current: 1.75
During the past 5 years, Remitly Global's highest Cash to Debt Ratio was 65.60. The lowest was 1.75. And the median was 23.95.
Remitly Global Cash-to-Debt Historical Data
The historical data trend for Remitly Global'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.
Remitly Global Cash-to-Debt Chart
|
Remitly Global Annual Data
|
|
Trend |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Cash-to-Debt |
|
3.44 |
2.15 |
65.60 |
32.70 |
2.26 |
|
Remitly Global Quarterly Data
|
|
Dec19 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
| Cash-to-Debt |
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|
|
|
|
|
|
|
|
|
|
14.54 |
4.61 |
16.54 |
2.26 |
1.75 |
Competitive Comparison of Remitly Global's Cash-to-Debt
For the Software - Infrastructure subindustry, Remitly Global'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.
Remitly Global's Cash-to-Debt Distribution in the Software Industry
For the Software industry and Technology sector, Remitly Global's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Remitly Global's Cash-to-Debt falls into.
Remitly Global 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.
Remitly Global's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
Remitly Global's Cash to Debt Ratio for the quarter that ended in Mar. 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.
Remitly Global (Remitly Global) Business Description
Traded in Other Exchanges
N/A
Address
1111 Third Avenue, Suite 2100, Seattle, WA, USA, 98101
Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. The company's revenue is generated on transaction fees charged to customers and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.
Executives
| Rene Yoakum |
officer: EVP, Customer and Culture |
C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE WA 98101 |
| Bora Chung |
director |
C/O BILL.COM HOLDINGS, INC., 1810 EMBARCADERO ROAD, PALO ALTO CA 94303 |
| Matthew B. Oppenheimer |
director, officer: Chief Executive Officer |
1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101 |
| Hemanth Munipalli |
officer: Chief Financial Officer |
C/O REMITLY GLOBAL, INC., 1111 THIRD AVENUE, SUITE 2100, SEATTLE WA 98101 |
| Joshua Hug |
director, officer: Chief Operating Officer |
1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101 |
| Ankur Sinha |
officer: Chief Technology Officer |
C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE WA 98101 |
| Nigel W Morris |
director |
1680 CAPITAL ONE DRIVE, MCLEAN VA 22102 |
| Gail A Miller |
officer: Chief Accounting Officer |
C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE, WA 98101 |
| Phyllis J Campbell |
director |
C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177 |
| Ryno Blignaut |
director |
C/O XOOM CORPORATION, 100 BUSH STREET, SUITE 300, SAN FRANCISCO CA 94104 |
| Stripes Holdings, Llc |
10 percent owner |
402 WEST 13TH ST., 4TH FLOOR, NEW YORK NY 10014 |
| Stripes Iii, Lp |
10 percent owner |
402 WEST 13TH STREET, 4TH FLOOR, NEW YORK NY 10014 |
| Stripes Gp Iii, Llc |
10 percent owner |
402 WEST 13TH STREET, NEW YORK NY 10014 |
| Kenneth A Fox |
10 percent owner |
|
| William Kazuo Bryant |
director |
1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101 |
Remitly Global (Remitly Global) Headlines
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