Quicktouch Technologies (NSE:QUICKTOUCH) Cash-to-Debt : 0.71 (As of Mar. 2023)

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What is Quicktouch 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. Quicktouch Technologies's cash to debt ratio for the quarter that ended in Mar. 2023 was 0.71.

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, Quicktouch Technologies couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

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

NSE:QUICKTOUCH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.47 Max: No Debt
Current: 0.71

During the past 6 years, Quicktouch Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was 0.47.

NSE:QUICKTOUCH's Cash-to-Debt is ranked worse than
70.24% of 2725 companies
in the Software industry
Industry Median: 2.49 vs NSE:QUICKTOUCH: 0.71

Quicktouch Technologies Cash-to-Debt Historical Data

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

Quicktouch Technologies Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.09

0.20

0.23

0.71

Quicktouch Technologies Semi-Annual Data
	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	0.09	0.20	0.23	0.71

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

For the Information Technology Services subindustry, Quicktouch 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.

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

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

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

Quicktouch 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.

Quicktouch Technologies's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	15.101	/	(9.665	+	11.633)
	=	0.71

Quicktouch Technologies's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	15.101	/	(9.665	+	11.633)
	=	0.71

Quicktouch Technologies (NSE:QUICKTOUCH) 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.

Quicktouch Technologies Cash-to-Debt Related Terms

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Quicktouch Technologies (NSE:QUICKTOUCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Quicktouch Technologies Ltd (NSE:QUICKTOUCH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Netaji Subhash Place, Office No. 203, 2nd Floor, D-Mall, Pitampura, Delhi, IND, 110034

Website

https://www.quicktouch.co.in

Quicktouch Technologies Ltd is an information technology company. The company is in the business of Software IT solutions and Consulting Services, IT Product/Software Development and Software Commercial Training, and Web designing. The company offers Experience Designing, Software Engineering, Content Engineering, Digital Accelerators, Data & Analytics, Data Management & Cloud Adoption.

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