Crimson Tide (LSE:TIDE) Cash-to-Debt : 4.88 (As of Dec. 2023)

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What is Crimson Tide 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. Crimson Tide's cash to debt ratio for the quarter that ended in Dec. 2023 was 4.88.

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, Crimson Tide could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

LSE:TIDE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.74 Med: 2.84 Max: 55.69
Current: 4.88

During the past 13 years, Crimson Tide's highest Cash to Debt Ratio was 55.69. The lowest was 0.74. And the median was 2.84.

LSE:TIDE's Cash-to-Debt is ranked better than
59.14% of 2800 companies
in the Software industry
Industry Median: 2.45 vs LSE:TIDE: 4.88

Crimson Tide Cash-to-Debt Historical Data

The historical data trend for Crimson Tide'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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Crimson Tide Cash-to-Debt Chart

Crimson Tide Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.74

4.08

55.69

4.66

4.88

Crimson Tide Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															55.69	4.21	4.66	3.29	4.88

Competitive Comparison of Crimson Tide's Cash-to-Debt

For the Software - Application subindustry, Crimson Tide'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.

Crimson Tide's Cash-to-Debt Distribution in the Software Industry

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

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

Crimson Tide 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.

Crimson Tide'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)
	=	3.254	/	(0.199	+	0.468)
	=	4.88

Crimson Tide'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)
	=	3.254	/	(0.199	+	0.468)
	=	4.88

Crimson Tide (LSE:TIDE) 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.

Crimson Tide Cash-to-Debt Related Terms

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

Crimson Tide (LSE:TIDE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Crimson Tide PLC (LSE:TIDE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 Mount Ephraim, Crimson Tide, Brockbourne House, Tunbridge Wells, Kent, GBR, TN4 8BS

Website

https://www.crimsontide.co.uk

Crimson Tide PLC is a UK-based company which is engaged in the provision of mobility solutions and related software development. The company provides mpro software which is a Maas (Mobility as a Service) that provides job scheduling, alerting, and reporting. It aims to improve the efficiency of staff working and capturing data out in the field. The company also provides non-core software solutions which include reselling third-party software and related development and support services. The majority of the company's revenue comes from mobility solutions and geographically from the United Kingdom.

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