High Wire Networks (High Wire Networks) Cash-to-Debt : 0.06 (As of Dec. 2023)

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What is High Wire Networks 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. High Wire Networks's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.06.

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, High Wire Networks 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 High Wire Networks's Cash-to-Debt or its related term are showing as below:

HWNI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.06 Max: 0.12
Current: 0.06

During the past 4 years, High Wire Networks's highest Cash to Debt Ratio was 0.12. The lowest was 0.04. And the median was 0.06.

HWNI's Cash-to-Debt is ranked worse than
94.25% of 2798 companies
in the Software industry
Industry Median: 2.42 vs HWNI: 0.06

High Wire Networks Cash-to-Debt Historical Data

The historical data trend for High Wire Networks'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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High Wire Networks Cash-to-Debt Chart

High Wire Networks Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.06

0.04

0.12

0.06

High Wire Networks Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial										0.12	0.23	0.27	0.06	0.06

Competitive Comparison of High Wire Networks's Cash-to-Debt

For the Information Technology Services subindustry, High Wire Networks'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.

High Wire Networks's Cash-to-Debt Distribution in the Software Industry

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

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

High Wire Networks 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.

High Wire Networks'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)
	=	0.333	/	(5.027	+	0.921)
	=	0.06

High Wire Networks'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)
	=	0.333	/	(5.027	+	0.921)
	=	0.06

High Wire Networks (OTCPK:HWNI) 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.

High Wire Networks Cash-to-Debt Related Terms

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High Wire Networks (High Wire Networks) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » High Wire Networks Inc (OTCPK:HWNI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

980 N. Federal Highway, Suite 304,, Boca Raton, FL, USA, 33432

Website

https://www.highwirenetworks.com

High Wire Networks Inc provider of managed cybersecurity, managed networks, and tech-enabled professional services delivered exclusively through a channel sales model. Its Overwatch managed security platform-as-a-service offers organizations end-to-end protection for networks, data, endpoints, and users via multiyear recurring revenue contracts in this fast-growing technology segment.

Executives

Mark William Porter	director, 10 percent owner, officer: Chief Executive Officer	747 CHEEVER AVE, GENEVA IL 60134
Keith William Hayter	director, officer: President	C/O MANTRA VENTURE GROUP LTD., 300 CROWN OAK CENTRE DRIVE, LONGWOOD FL 32750
Roger Marcus Ponder	director, officer: CEO	C/O MANTRA VENTURE GROUP LTD., 300 CROWN OAK CENTRE DRIVE, LOONGWOOD FL 32750
Glenn W. Parker	director	C/O MANTRA VENTURE GROUP LTD.,, #562-800 15355 24TH AVENUE, SURREY A1 V4A 2H9
Patrick Dodd	director, officer: Chief Technology Officer	#312 - 1617 GRAVELY STREET, VANCOUVER A1 V5L 3A8
Tommy David Unger	director	1162 MCGOWAN DRIVE, PRINCE GEORGE A1 V2M 6R1
Elden Schorn	director	STE 1247 - 235 KEITH ROAD, WEST VANCOUVER A1 V7T 1L5
Jonathan Michael Boughen	director	1765 AMBLE GREENE DRIVE, SURREY A1 V4A 7J1
Buckley Con	officer: CFO, PAO	1140-1185 GEORGIA STREET WEST, VANCOUVER A1 V6E 4E6
John Russell	director, other: Chairman of Scientific Board	3842 WEST 30TH AVE, VANCOUVER A1 V6S 1X1
Larry Kristof	director, 10 percent owner, officer: President, C.E.O.	207 WEST HASTINGS STREET, SUITE 1205, VANCOUVER A1 V6C 3L2
Sung Wook Kim	director, officer: Vice President	404 1790 BAYSHORE DRIVE, VANCOUVER A1 V6G 3G5
Metradon Ventures Ltd	10 percent owner	UNIT 2905, BLOCK E, TUNG NING HOUSE, 9 OI YIN HOUSE, HONG KONG F4
Dennis Petke	10 percent owner, officer: Chief Financial Officer	207 WEST HASTINGS STREET, SUITE 1205, VANCOUVER A1 V6B 1H7