Destiny Media Technologies (FRA:DME1) Cash-to-Debt : No Debt ⁽¹⁾ (As of Feb. 2024)

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

FRA:DME1' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.94 Med: 331.04 Max: No Debt
Current: No Debt

During the past 13 years, Destiny Media Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 3.94. And the median was 331.04.

FRA:DME1's Cash-to-Debt is ranked better than
99.79% of 2796 companies
in the Software industry
Industry Median: 2.41 vs FRA:DME1: No Debt

Destiny Media Technologies Cash-to-Debt Historical Data

The historical data trend for Destiny Media 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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Destiny Media Technologies Cash-to-Debt Chart

Destiny Media Technologies Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

5.74

12.12

No Debt

Destiny Media Technologies Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Destiny Media Technologies's Cash-to-Debt

For the Software - Application subindustry, Destiny Media 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.

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

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

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

Destiny Media 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.

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

Destiny Media Technologies had no debt ⁽¹⁾.

Destiny Media Technologies's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

Destiny Media Technologies had no debt ⁽¹⁾.

Destiny Media Technologies (FRA:DME1) 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.

Destiny Media Technologies Cash-to-Debt Related Terms

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

Destiny Media Technologies (FRA:DME1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Destiny Media Technologies Inc (FRA:DME1) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DSNY:USA DSY:Canada

Address

428 - 1575 West Georgia Street, Vancouver, BC, CAN, V6G 2V3

Website

https://www.dsny.com

Destiny Media Technologies Inc is a provider of secure digital content distribution and promotion solutions. The company operates solely in the digital media software segment. Its predominant services are Clipstream which enables any non-technical user to upload videos that will play on all modern web browsers and Play MPE, a digital distribution service that is used commercially by the recording industry. Destiny services are based on proprietary security, watermarking and instant play streaming media technologies. It also offers audio and video streaming solutions and secure file distribution to customers around the globe.

Destiny Media Technologies (FRA:DME1) Headlines

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Destiny Media Technologies (FRA:DME1) Cash-to-Debt : No Debt (1) (As of Feb. 2024)