Sasken Technologies (BOM:532663) Cash-to-Debt : 10.25 (As of Mar. 2024)

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What is Sasken Technologies 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. Sasken Technologies's cash to debt ratio for the quarter that ended in Mar. 2024 was 10.25.

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, Sasken Technologies could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

BOM:532663' s Cash-to-Debt Range Over the Past 10 Years
Min: 10.25 Med: No Debt Max: No Debt
Current: 10.25

During the past 13 years, Sasken Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 10.25. And the median was No Debt.

BOM:532663's Cash-to-Debt is ranked better than
67.93% of 2725 companies
in the Software industry
Industry Median: 2.49 vs BOM:532663: 10.25

Sasken Technologies Cash-to-Debt Historical Data

The historical data trend for Sasken Technologies'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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Sasken Technologies Cash-to-Debt Chart

Sasken Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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32.40

No Debt

212.90

28.47

10.25

Sasken Technologies 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															28.47	N/A	26.25	N/A	10.25

Competitive Comparison of Sasken Technologies's Cash-to-Debt

For the Information Technology Services subindustry, Sasken Technologies'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.

Sasken Technologies's Cash-to-Debt Distribution in the Software Industry

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

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

Sasken Technologies 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.

Sasken Technologies'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)
	=	819.829	/	(20.236	+	59.737)
	=	10.25

Sasken Technologies'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)
	=	819.829	/	(20.236	+	59.737)
	=	10.25

Sasken Technologies (BOM:532663) 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.

Sasken Technologies Cash-to-Debt Related Terms

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Sasken Technologies (BOM:532663) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sasken Technologies Ltd (BOM:532663) » Definitions » Cash-to-Debt

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SASKEN:India

Address

No.139/25, Ring Road, Amarjyothi Layout, Domlur, Bangalore, IND, 560071

Website

https://www.sasken.com

Sasken Technologies Ltd is a software developer company. It is engaged in product engineering and digital transformation. The company provides concept-to-market, chip-to-cognition research and development services to semiconductors, automotive, industrials, smart devices and wearables, enterprise-grade devices, satcom, and retail industries. The company operates in single business segment that is Software Services. The Software Services generate maximum revenue for the company. Geographically, the company offers its products to North America, Europe, and the Asia Pacific. The North America region generates maximum revenue for the company.

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