Abaxx Technologies (Abaxx Technologies) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Abaxx 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. Abaxx 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, Abaxx 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 Abaxx Technologies's Cash-to-Debt or its related term are showing as below:

ABXXF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.58 Med: No Debt Max: No Debt
Current: 17.6

During the past 5 years, Abaxx Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 0.58. And the median was No Debt.

ABXXF's Cash-to-Debt is ranked better than
73.49% of 2799 companies
in the Software industry
Industry Median: 2.43 vs ABXXF: 17.60

Abaxx Technologies Cash-to-Debt Historical Data

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

Abaxx Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.58

No Debt

Abaxx Technologies Quarterly Data
	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													No Debt	5.29	2.02	1.10	No Debt

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

For the Software - Application subindustry, Abaxx 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.

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

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

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

Abaxx 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.

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

Abaxx Technologies had no debt ⁽¹⁾.

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

Abaxx Technologies had no debt ⁽¹⁾.

Abaxx Technologies (OTCPK:ABXXF) 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.

Abaxx Technologies Cash-to-Debt Related Terms

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Abaxx Technologies (Abaxx Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Abaxx Technologies Inc (OTCPK:ABXXF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

36N:Germany ABXX:Canada

Address

18 King Street East, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.abaxx.tech

Abaxx Technologies Inc is a financial technology company that is developing and deploying software tools that make communication, trade, and transactions easier and more secure. The company's initial focus is on launching Abaxx Commodity Futures Exchange and Clearinghouse, regulated by the Monetary Authority of Singapore, to support trading and risk management with physically-settled benchmark futures contracts in the commodity markets at the center of the energy transition to an electrified, low-carbon emissions economy. Abaxx's vision is to build Smarter Markets: markets empowered by better tools, better benchmarks and better technology to drive market-based solutions to the biggest challenges that everyone faces as a society, including climate change and the energy transition.

Abaxx Technologies (Abaxx Technologies) Headlines

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Abaxx Technologies (Abaxx Technologies) Cash-to-Debt : No Debt (1) (As of Dec. 2023)