Trophy Games Development A/S (OCSE:TGAMES) Cash-to-Debt : 262.97 (As of Dec. 2023)

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What is Trophy Games Development A/S 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. Trophy Games Development A/S's cash to debt ratio for the quarter that ended in Dec. 2023 was 262.97.

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, Trophy Games Development A/S 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 Trophy Games Development A/S's Cash-to-Debt or its related term are showing as below:

OCSE:TGAMES' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.89 Med: No Debt Max: No Debt
Current: 262.97

During the past 5 years, Trophy Games Development A/S's highest Cash to Debt Ratio was No Debt. The lowest was 0.89. And the median was No Debt.

OCSE:TGAMES's Cash-to-Debt is ranked better than
80.21% of 561 companies
in the Interactive Media industry
Industry Median: 5.04 vs OCSE:TGAMES: 262.97

Trophy Games Development A/S Cash-to-Debt Historical Data

The historical data trend for Trophy Games Development A/S'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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Trophy Games Development A/S Cash-to-Debt Chart

Trophy Games Development A/S Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.89

No Debt

262.97

Trophy Games Development A/S Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial				No Debt	No Debt	No Debt	No Debt	262.97

Competitive Comparison of Trophy Games Development A/S's Cash-to-Debt

For the Electronic Gaming & Multimedia subindustry, Trophy Games Development A/S'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.

Trophy Games Development A/S's Cash-to-Debt Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Trophy Games Development A/S's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Trophy Games Development A/S's Cash-to-Debt falls into.

Trophy Games Development A/S 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.

Trophy Games Development A/S'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)
	=	24.719	/	(0.094	+	0)
	=	262.97

Trophy Games Development A/S'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)
	=	24.719	/	(0.094	+	0)
	=	262.97

Trophy Games Development A/S (OCSE:TGAMES) 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.

Trophy Games Development A/S Cash-to-Debt Related Terms

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Trophy Games Development A/S (OCSE:TGAMES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Trophy Games Development A/S (OCSE:TGAMES) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mikkel Bryggers Gade 4, 2nd Floor, Copenhagen, DNK, 1460

Website

https://www.trophy-games.com

Trophy Games Development A/S is a Denmark-based game that develops and publishes mobile and pc games. Its game studio provides endless entertainment and challenging gameplay for all players. The company offers games for mobile, Steam and browser.

Trophy Games Development A/S (OCSE:TGAMES) Headlines

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