Ramco Systems (BOM:532370) Cash-to-Debt : 0.78 (As of Mar. 2024)

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What is Ramco Systems 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. Ramco Systems's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.78.

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, Ramco Systems 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 Ramco Systems's Cash-to-Debt or its related term are showing as below:

BOM:532370' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.57 Max: No Debt
Current: 0.78

During the past 13 years, Ramco Systems's highest Cash to Debt Ratio was No Debt. The lowest was 0.07. And the median was 0.57.

BOM:532370's Cash-to-Debt is ranked worse than
68.82% of 2723 companies
in the Software industry
Industry Median: 2.49 vs BOM:532370: 0.78

Ramco Systems Cash-to-Debt Historical Data

The historical data trend for Ramco Systems'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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Ramco Systems Cash-to-Debt Chart

Ramco Systems Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.07

0.16

1.58

1.23

0.78

Ramco Systems Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.23	N/A	0.74	N/A	0.78

Competitive Comparison of Ramco Systems's Cash-to-Debt

For the Software - Application subindustry, Ramco Systems'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.

Ramco Systems's Cash-to-Debt Distribution in the Software Industry

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

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

Ramco Systems 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.

Ramco Systems'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)
	=	487.29	/	(136.58	+	490.43)
	=	0.78

Ramco Systems'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)
	=	487.29	/	(136.58	+	490.43)
	=	0.78

Ramco Systems (BOM:532370) 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.

Ramco Systems Cash-to-Debt Related Terms

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Ramco Systems (BOM:532370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ramco Systems Ltd (BOM:532370) » Definitions » Cash-to-Debt

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RAMCOSYS:India

Address

No. 64, Sardar Patel Road, Taramani, Chennai, TN, IND, 600 113

Website

https://www.ramco.com

Ramco Systems Ltd develops software and software products for human capital management, payroll, enterprise resource management, monitoring and evaluation, and maintenance, repair, and overhaul providers in the Aviation industry. The company develops software through its enterprise application assembly and delivery platform Ramco VirtualWorks for transaction systems and Ramco DecisionWorks for analytics/reporting. The product portfolio of the company includes aviation, aerospace & defense management software, enterprise resource planning software, payroll & logistics software on the cloud. The majority of its revenue is earned from the sale of licenses and services.

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