Bitcoin Depot (Bitcoin Depot) Cash-to-Debt : 0.97 (As of Dec. 2023)

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What is Bitcoin Depot 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. Bitcoin Depot's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.97.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Bitcoin Depot couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Bitcoin Depot's Cash-to-Debt or its related term are showing as below:

BTM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.61 Med: 0.81 Max: 1.4
Current: 0.97

During the past 4 years, Bitcoin Depot's highest Cash to Debt Ratio was 1.40. The lowest was 0.61. And the median was 0.81.

BTM's Cash-to-Debt is ranked worse than
63.34% of 791 companies
in the Capital Markets industry
Industry Median: 1.87 vs BTM: 0.97

Bitcoin Depot Cash-to-Debt Historical Data

The historical data trend for Bitcoin Depot'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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Bitcoin Depot Cash-to-Debt Chart

Bitcoin Depot Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

1.40

0.64

0.61

0.97

Bitcoin Depot Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial						0.61	0.73	0.79	0.86	0.97

Competitive Comparison of Bitcoin Depot's Cash-to-Debt

For the Capital Markets subindustry, Bitcoin Depot'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.

Bitcoin Depot's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bitcoin Depot's Cash-to-Debt distribution charts can be found below:

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

Bitcoin Depot 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.

Bitcoin Depot'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)
	=	30.471	/	(11.065	+	20.268)
	=	0.97

Bitcoin Depot'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)
	=	30.471	/	(11.065	+	20.268)
	=	0.97

Bitcoin Depot (NAS:BTM) 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.

Bitcoin Depot Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Bitcoin Depot's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Bitcoin Depot (Bitcoin Depot) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bitcoin Depot Inc (NAS:BTM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2870 Peachtree Road No. 327, Atlanta, GA, USA, 30305

Website

https://www.bitcoindepot.com

Bitcoin Depot Inc is the fastest-growing multi-cryptocurrency ATM Network offering users the ability to buy and sell.

Executives

Christopher Scott Buchanan	director, officer: CHIEF OPERATING OFFICER	2870 PEACHTREE RD #327, ATLANTA GA 30305
Brandon Taylor Mintz	director, officer: See Remarks	2870 PEACHTREE RD #327, ATLANTA GA 30305
David E Shaw	10 percent owner, other: See Footnotes 1, 3, and 4.	120 WEST FORTY-FIFTH STREET, 39TH FLOOR, NEW YORK NY 10036
D. E. Shaw & Co, L.p.	10 percent owner, other: See Footnotes 1, 3, and 4.	1166 AVENUE OF THE AMERICAS, NINTH FLOOR, NEW YORK NY 10036
D. E. Shaw & Co, L.l.c.	10 percent owner, other: See Footnotes 1, 3, and 4.	1166 AVENUE OF THE AMERICAS, NINTH FLOOR, NEW YORK NY 10036
Daniel Tramel Stabile	director	2870 PEACHTREE RD. #327, ATLANTA GA 30305
Jacqueline Marks	director	2870 PEACHTREE RD. #327, ATLANTA GA 30305
Gardner Daniel C. Jr	director	2870 PEACHTREE RD. #327, ATLANTA GA 30305
Timothy Vanderham	director	2870 PEACHTREE RD. #327, ATLANTA GA 30305
Bt Assets, Inc.	10 percent owner	2870 PEACHTREE RD #327, ATLANTA GA 30305
Mark James Smalley	officer: CHIEF COMPLIANCE OFFICER	2870 PEACHTREE RD #327, ATLANTA GA 30305
Gsr Ii Meteora Sponsor Llc	10 percent owner	C/O GSR II METEORA ACQUISITION CORP., 840 PARK DRIVE EAST, BOCA RATON FL 33432
Glen S Leibowitz	officer: CHIEF FINANCIAL OFFICER	366 MADISON AVENUE, 11TH FLOOR, NEW YORK NY 10017
Bradley R. Strock	director	C/O ELEVATE CREDIT, INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORT WORTH TX 76109
Eve Mongiardo	director	C/O GSR II METEORA ACQUISITION CORP., 840 PARK DRIVE EAST, BOCA RATON FL 33432