Pineapple Financial (Pineapple Financial) Cash-to-Debt : 0.85 (As of Feb. 2024)

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What is Pineapple Financial 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. Pineapple Financial's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.85.

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, Pineapple Financial couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

PAPL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.47 Med: 1.21 Max: 26.66
Current: 0.85

During the past 3 years, Pineapple Financial's highest Cash to Debt Ratio was 26.66. The lowest was 0.47. And the median was 1.21.

PAPL's Cash-to-Debt is ranked worse than
61.38% of 1432 companies
in the Banks industry
Industry Median: 1.3 vs PAPL: 0.85

Pineapple Financial Cash-to-Debt Historical Data

The historical data trend for Pineapple Financial'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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Pineapple Financial Cash-to-Debt Chart

Pineapple Financial Annual Data

Trend

Aug21

Aug22

Aug23

Cash-to-Debt

26.66

3.82

0.47

Pineapple Financial Quarterly Data
	Aug21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial					1.21	0.88	0.47	2.19	0.85

Competitive Comparison of Pineapple Financial's Cash-to-Debt

For the Mortgage Finance subindustry, Pineapple Financial'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.

Pineapple Financial's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Pineapple Financial's Cash-to-Debt distribution charts can be found below:

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

Pineapple Financial 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.

Pineapple Financial's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	0.72	/	(0.568	+	0.97)
	=	0.47

Pineapple Financial's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	1.34	/	(0.688	+	0.896)
	=	0.85

Pineapple Financial (AMEX:PAPL) 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.

Pineapple Financial Cash-to-Debt Related Terms

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Pineapple Financial (Pineapple Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Pineapple Financial Inc (AMEX:PAPL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Gordon Baker Road, Unit 200, North York, Toronto, ON, CAN, M2H 3R1

Website

https://www.gopineapple.com

Pineapple Financial Inc is a Canada-based mortgage technology and brokerage company that provides mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages, and consumers. Through its data-driven systems together with cloud-based tools, it offers advantages in the Canadian mortgage industry relative to alternative mortgage broker arrangements and also provides back office services.