Dev Information Technology (NSE:DEVIT) Cash-to-Debt : 0.45 (As of Mar. 2024)

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What is Dev Information Technology 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. Dev Information Technology's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.45.

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, Dev Information Technology 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 Dev Information Technology's Cash-to-Debt or its related term are showing as below:

NSE:DEVIT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.34 Med: 0.51 Max: 0.92
Current: 0.45

During the past 12 years, Dev Information Technology's highest Cash to Debt Ratio was 0.92. The lowest was 0.34. And the median was 0.51.

NSE:DEVIT's Cash-to-Debt is ranked worse than
77.15% of 2805 companies
in the Software industry
Industry Median: 2.57 vs NSE:DEVIT: 0.45

Dev Information Technology Cash-to-Debt Historical Data

The historical data trend for Dev Information Technology'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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Dev Information Technology Cash-to-Debt Chart

Dev Information Technology Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.34

0.71

0.92

0.34

0.45

Dev Information Technology Quarterly Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.34	N/A	0.47	N/A	0.45

Competitive Comparison of Dev Information Technology's Cash-to-Debt

For the Information Technology Services subindustry, Dev Information Technology'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.

Dev Information Technology's Cash-to-Debt Distribution in the Software Industry

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

* The bar in red indicates where Dev Information Technology's Cash-to-Debt falls into.

Dev Information Technology 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.

Dev Information Technology's Cash to Debt Ratio for the fiscal year 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)
	=	65.073	/	(90.321	+	55.475)
	=	0.45

Dev Information Technology'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)
	=	65.073	/	(90.321	+	55.475)
	=	0.45

Dev Information Technology (NSE:DEVIT) 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.

Dev Information Technology Cash-to-Debt Related Terms

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Dev Information Technology (NSE:DEVIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Dev Information Technology Ltd (NSE:DEVIT) » Definitions » Cash-to-Debt

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543462:India

Address

Thaltej - Shilaj Road, 14, Aaryans Corporate Park, Near Shilaj Railway Crossing, Thaltej, Ahmedabad, GJ, IND, 380059

Website

https://www.devitpl.com

Dev Information Technology Ltd is engaged in providing information technology solutions and consultancy services in India. It offers advisory, architecture, implementation, and support services. The company provides various services namely enterprise applications and mobility, infrastructure management, cloud computing, digital services, and licensing among others. It operates in a single segment being IT and IT enabled services.

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