Openn Negotiation (ASX:OPN) Cash-to-Debt : 21.37 (As of Dec. 2023)

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What is Openn Negotiation 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. Openn Negotiation's cash to debt ratio for the quarter that ended in Dec. 2023 was 21.37.

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

ASX:OPN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.44 Med: 65.96 Max: 174.6
Current: 21.37

During the past 1 years, Openn Negotiation's highest Cash to Debt Ratio was 174.60. The lowest was 0.44. And the median was 65.96.

ASX:OPN's Cash-to-Debt is ranked better than
87.23% of 1786 companies
in the Real Estate industry
Industry Median: 0.25 vs ASX:OPN: 21.37

Openn Negotiation Cash-to-Debt Historical Data

The historical data trend for Openn Negotiation'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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Openn Negotiation Cash-to-Debt Chart

Openn Negotiation Annual Data

Trend

Jun22

Cash-to-Debt

174.60

Openn Negotiation Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			120.06	174.60	3.16	0.44	21.37

Competitive Comparison of Openn Negotiation's Cash-to-Debt

For the Real Estate Services subindustry, Openn Negotiation'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.

Openn Negotiation's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Openn Negotiation's Cash-to-Debt distribution charts can be found below:

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

Openn Negotiation 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.

Openn Negotiation's Cash to Debt Ratio for the fiscal year that ended in Jun. 2022 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)
	=	2.619	/	(0.015	+	0)
	=	174.60

Openn Negotiation'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)
	=	0.876	/	(0.041	+	0)
	=	21.37

Openn Negotiation (ASX:OPN) 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.

Openn Negotiation Cash-to-Debt Related Terms

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Openn Negotiation (ASX:OPN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Openn Negotiation Ltd (ASX:OPN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Stirling Road, Level 1, PO Box 896, Claremont, WA, AUS, 6910

Website

https://www.openn.com.au

Openn Negotiation Ltd operates a property technology business providing a proprietary cloud-based software platform to support real estate agents in selling property online with greater transparency. Its revenues are majorly driven by the number of agents certified to use the Openn platform and the number of properties uploaded for sale through the Openn platform each month. Geographically company derives key revenue from Australia and includes The USA.

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