KPIT Technologies (BOM:542651) Cash-to-Debt : 2.74 (As of Mar. 2024)

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What is KPIT 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. KPIT Technologies's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.74.

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

BOM:542651' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.91 Med: 2.74 Max: No Debt
Current: 2.74

During the past 7 years, KPIT Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 1.91. And the median was 2.74.

BOM:542651's Cash-to-Debt is ranked better than
51.57% of 2800 companies
in the Software industry
Industry Median: 2.45 vs BOM:542651: 2.74

KPIT Technologies Cash-to-Debt Historical Data

The historical data trend for KPIT 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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KPIT Technologies Cash-to-Debt Chart

KPIT Technologies Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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1.91

3.60

4.40

2.05

2.74

KPIT 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															2.05	N/A	1.66	N/A	2.74

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

For the Information Technology Services subindustry, KPIT 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.

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

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

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

KPIT 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.

KPIT 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)
	=	8991.07	/	(1119.45	+	2168.07)
	=	2.73

KPIT 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)
	=	8991.07	/	(1119.45	+	2168.07)
	=	2.73

KPIT Technologies (BOM:542651) 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.

KPIT Technologies Cash-to-Debt Related Terms

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KPIT Technologies (BOM:542651) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » KPIT Technologies Ltd (BOM:542651) » Definitions » Cash-to-Debt

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KPITTECH:India

Address

Plot No. 17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Taluka- Mulshi, Hinjawadi, Pune, MH, IND, 411057

Website

https://www.kpit.com

KPIT Technologies Ltd is a global technology company specializing in providing IT Consulting and Product Engineering solutions and services to Automotive, Manufacturing, Energy, and Utilities companies. The Company derives revenues primarily from providing engineering services which includes design engineering services, embedded software development with its related services and from the sale of licenses and products. Geographically, it derives a majority of revenue from the Americas.

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