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ODDITY Tech (ODDITY Tech) Cash-to-Debt : 9.33 (As of Mar. 2024)


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What is ODDITY Tech 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. ODDITY Tech's cash to debt ratio for the quarter that ended in Mar. 2024 was 9.33.

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, ODDITY Tech could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

ODD' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.71   Med: 7.73   Max: 12.98
Current: 9.33

During the past 4 years, ODDITY Tech's highest Cash to Debt Ratio was 12.98. The lowest was 3.71. And the median was 7.73.

ODD's Cash-to-Debt is ranked better than
66.45% of 2799 companies
in the Software industry
Industry Median: 2.43 vs ODD: 9.33

ODDITY Tech Cash-to-Debt Historical Data

The historical data trend for ODDITY Tech'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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ODDITY Tech Cash-to-Debt Chart

ODDITY Tech Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
7.24 6.51 3.71 9.24

ODDITY Tech Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 7.38 8.09 12.98 9.24 9.33

Competitive Comparison of ODDITY Tech's Cash-to-Debt

For the Software - Infrastructure subindustry, ODDITY Tech'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.

ODDITY Tech's Cash-to-Debt Distribution in the Software Industry

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

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


ODDITY Tech 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.

ODDITY Tech'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)
=115.646 / (3.802 + 8.712)
=9.24

ODDITY Tech's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
=157.255 / (3.603 + 13.255)
=9.33

* 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.

ODDITY Tech  (NAS:ODD) 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.

ODDITY Tech Cash-to-Debt Related Terms

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ODDITY Tech (ODDITY Tech) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » ODDITY Tech Ltd (NAS:ODD) » Definitions » Cash-to-Debt
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Traded in Other Exchanges
N/A
Address
8 Haharash Street, Tel Aviv-Jaffa, ISR, 6761304
Website
https://www.oddity.com
ODDITY Tech Ltd offers a consumer tech platform that is built to transform the global beauty and wellness market. The ODDITY platform is designed to support a portfolio of brands and services that aim to innovate and disrupt the expansive global beauty and wellness market. It consumes user data to develop physical beauty and wellness products that deliver performance and functionality.