Serviceware SE (CHIX:SJJD) Cash-to-Debt : No Debt ⁽¹⁾ (As of Feb. 2024)

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What is Serviceware SE 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. Serviceware SE's cash to debt ratio for the quarter that ended in Feb. 2024 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, Serviceware SE could pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

(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 Serviceware SE's Cash-to-Debt or its related term are showing as below:

CHIX:SJJd' s Cash-to-Debt Range Over the Past 10 Years
Min: 1 Med: 15.72 Max: No Debt
Current: 5.31

During the past 9 years, Serviceware SE's highest Cash to Debt Ratio was No Debt. The lowest was 1.00. And the median was 15.72.

CHIX:SJJd's Cash-to-Debt is ranked better than
59.93% of 2805 companies
in the Software industry
Industry Median: 2.57 vs CHIX:SJJd: 5.31

Serviceware SE Cash-to-Debt Historical Data

The historical data trend for Serviceware SE'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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Serviceware SE Cash-to-Debt Chart

Serviceware SE Annual Data

Trend

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

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4.76

16.27

15.89

3.44

4.22

Serviceware SE Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															N/A	15.54	N/A	4.22	No Debt

Competitive Comparison of Serviceware SE's Cash-to-Debt

For the Software - Application subindustry, Serviceware SE'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.

Serviceware SE's Cash-to-Debt Distribution in the Software Industry

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

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

Serviceware SE 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.

Serviceware SE's Cash to Debt Ratio for the fiscal year that ended in Nov. 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)
	=	25.016	/	(3.139	+	2.787)
	=	4.22

Serviceware SE's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

Serviceware SE had no debt ⁽¹⁾.

Serviceware SE (CHIX:SJJd) 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.

Serviceware SE Cash-to-Debt Related Terms

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

Serviceware SE (CHIX:SJJD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Serviceware SE (CHIX:SJJd) » Definitions » Cash-to-Debt

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SJJ:Germany

Address

Telco Kreisel 1, Idstein, HE, DEU, 65510

Website

https://www.serviceware.se

Serviceware SE is a provider of software solutions that help companies compete digitally with Enterprise Service Management (ESM) by improving service quality and efficiently managing service costs. Serviceware platform which includes software solutions for financial, processes, resources, knowledge, and performance. All solutions can be integrated, but can also be used independently of each other. In addition, the company offers the infrastructure solutions and managed services necessary for operation securely and reliably.

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Serviceware SE (CHIX:SJJD) Cash-to-Debt : No Debt (1) (As of Feb. 2024)