Cover (COVCF) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

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

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

During the past 3 years, Cover's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

COVCF's Cash-to-Debt is ranked better than
99.82% of 2799 companies
in the Software industry
Industry Median: 2.43 vs COVCF: No Debt

Cover Cash-to-Debt Historical Data

The historical data trend for Cover'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.

* Premium members only.

Cover Cash-to-Debt Chart

Cover Annual Data

Trend

Mar21

Mar22

Mar23

Cash-to-Debt

No Debt

Cover Quarterly Data
	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Cover's Cash-to-Debt

For the Software - Application subindustry, Cover'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.

Cover's Cash-to-Debt Distribution in the Software Industry

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

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

Cover 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.

Cover's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cover had no debt ⁽¹⁾.

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

Cover had no debt ⁽¹⁾.

Cover (OTCPK:COVCF) 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.

Cover Cash-to-Debt Related Terms

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

Cover (COVCF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cover Corp (OTCPK:COVCF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

5253:Japan

Address

1-7-17 Shiba, Sumitomo Fudosan Shiba No.3 Building B1, Minato-ku, Tokyo, JPN, 105-0014

Website

https://www.cover-corp.com

Cover Corp operates as a platformer for two-dimensional entertainment. It is engaged in developing multifaceted businesses to accelerate 2D entertainment such as distribution system development, VTuber office management, and content development.

Cover (COVCF) Headlines

No Headlines

Cover (COVCF) Cash-to-Debt : No Debt (1) (As of Dec. 2023)