Siyata Mobile (Siyata Mobile) Cash-to-Debt : 0.18 (As of Mar. 2024)

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What is Siyata Mobile 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. Siyata Mobile's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.18.

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, Siyata Mobile couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

SYTA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 1.03 Max: No Debt
Current: 0.18

During the past 13 years, Siyata Mobile's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 1.03.

SYTA's Cash-to-Debt is ranked worse than
90.06% of 2325 companies
in the Hardware industry
Industry Median: 1.32 vs SYTA: 0.18

Siyata Mobile Cash-to-Debt Historical Data

The historical data trend for Siyata Mobile'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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Siyata Mobile Cash-to-Debt Chart

Siyata Mobile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.49

0.78

0.37

2.04

0.41

Siyata Mobile Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															2.04	1.41	0.29	0.41	0.18

Competitive Comparison of Siyata Mobile's Cash-to-Debt

For the Communication Equipment subindustry, Siyata Mobile'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.

Siyata Mobile's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Siyata Mobile's Cash-to-Debt distribution charts can be found below:

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

Siyata Mobile 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.

Siyata Mobile'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)
	=	0.899	/	(1.812	+	0.386)
	=	0.41

Siyata Mobile'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)
	=	0.586	/	(2.888	+	0.341)
	=	0.18

Siyata Mobile (NAS:SYTA) 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.

Siyata Mobile Cash-to-Debt Related Terms

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Siyata Mobile (Siyata Mobile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Siyata Mobile Inc (NAS:SYTA) » Definitions » Cash-to-Debt

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WK30:Germany

Address

1001 Lenoir Street, Suite A- 414, Montreal, QC, CAN, H4C2Z6

Website

https://www.siyatamobile.com

Siyata Mobile Inc is engaged in the sale of vehicle mounted, cellular-based communications platforms over advanced 3G (Third generation) mobile networks and cellular booster systems. The Company develops, markets and sells a portfolio of rugged handheld Push-to-Talk over Cellular (PoC) smartphone devices. These rugged business-to-business (B2B) environments are focused on enterprise customers, first responders, construction workers, security guards, government agencies, utilities, transportation and waste management, amusement parks, and mobile workers in multiple industries.