Computer Task Group (Computer Task Group) Cash-to-Debt : 1.23 (As of Sep. 2023)

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What is Computer Task Group 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. Computer Task Group's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.23.

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, Computer Task Group could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

CTG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.36 Med: 1.88 Max: No Debt
Current: 1.23

During the past 13 years, Computer Task Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.36. And the median was 1.88.

CTG's Cash-to-Debt is not ranked
in the Software industry.
Industry Median: 2.47 vs CTG: 1.23

Computer Task Group Cash-to-Debt Historical Data

The historical data trend for Computer Task Group'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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Computer Task Group Cash-to-Debt Chart

Computer Task Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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3.42

0.41

1.49

1.61

1.37

Computer Task Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															1.57	1.37	1.17	0.99	1.23

Competitive Comparison of Computer Task Group's Cash-to-Debt

For the Information Technology Services subindustry, Computer Task Group'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.

Computer Task Group's Cash-to-Debt Distribution in the Software Industry

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

* The bar in red indicates where Computer Task Group's Cash-to-Debt falls into.

Computer Task Group 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.

Computer Task Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	25.14	/	(5.905	+	12.466)
	=	1.37

Computer Task Group's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	24.069	/	(6.186	+	13.412)
	=	1.23

Computer Task Group (NAS:CTG) 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.

Computer Task Group Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Computer Task Group's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Computer Task Group (Computer Task Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Computer Task Group Inc (NAS:CTG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Corporate Parkway, Suite 214N, Amherst, NY, USA, 14226

Website

https://www.ctg.com

Computer Task Group Inc is engaged in providing information technology services to its clients. The company divides its services into information technology solutions and information technology & other staffing. Its segments include North America IT Solutions and Services, Europe IT Solutions and Services, and Non-Strategic Technology Services. The firm derives most of its revenues from information technology & other staffing services. It mainly caters its services to technology service providers, financial services, healthcare, manufacturing, and energy industries. The geographical segments are the United States, Luxembourg, Belgium, and other countries.

Executives

Thomas J Niehaus	officer: Executive Vice President	300 CORPORATE PARKWAY SUITE 214N, AMHERST NY 14226
Gyde Filip J L	director, officer: President and CEO	C/O COMPUTER TASK GROUP INC, 800 DELAWARE AVE, BUFFALO NY 14209
Raj Rajgopal	director	C/O VIRTUSA CORPORATION, 2000 WEST PARK DRIVE, WESTBOROUGH MA 01581
Helvey Iii James R	director	300 CORPORATE PARKWAY SUITE 214N, AMHERST NY 14226
Kathryn A Stein	director	300 CORPORATE PARKWAY SUITE 214N, AMHERST NY 14226
Daniel J Sullivan	director
Valerie Rahmani	director	300 CORPORATE PARKWAY SUITE 214N, AMHERST NY 14226
Owen J Sullivan	director	5301 NORTH IRONWOOD ROAD, MILWAUKEE WI 53217
David H Klein	director	300 CORPORATE PARKWAY SUITE 214N, AMHERST NY 14226
Jeffrey D Gerkin	officer: Executive Vice President	800 DELAWARE AVENUE, BUFFALO NY 14209
John M Laubacker	officer: Chief Financial Officer & SVP	300 CORPORATE PARKWAY SUITE 214N, AMHERST NY 14226
Peter P Radetich	officer: Sr Vice President & Secretary	300 CORPORATE PARKWAY SUITE 214N, AMHERST NY 14226
Brendan M Harrington	officer: Chief Financial Officer Sr VP	800 DELAWARE AVENUE, BUFFALO NY 14209
Cliff Bleustein	director, officer: President & CEO	800 DELAWARE AVENUE, BUFFALO NY 14209
Alfred Hamilton	officer: Vice President	800 DELAWARE AVENUE, BUFFALO NY 14209