Accord Synergy (NSE:ACCORD) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2023)

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What is Accord Synergy 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. Accord Synergy's cash to debt ratio for the quarter that ended in Mar. 2023 was No Debt ⁽¹⁾.

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, Accord Synergy could pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

(1) 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.

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

NSE:ACCORD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: No Debt
Current: No Debt

During the past 9 years, Accord Synergy's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.04.

NSE:ACCORD's Cash-to-Debt is ranked better than
99.48% of 381 companies
in the Telecommunication Services industry
Industry Median: 0.35 vs NSE:ACCORD: No Debt

Accord Synergy Cash-to-Debt Historical Data

The historical data trend for Accord Synergy'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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Accord Synergy Cash-to-Debt Chart

Accord Synergy Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.01

2.20

5.15

No Debt

Accord Synergy Semi-Annual Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Cash-to-Debt	Get a 7-Day Free Trial										2.20	2.85	5.15	No Debt	No Debt

Competitive Comparison of Accord Synergy's Cash-to-Debt

For the Telecom Services subindustry, Accord Synergy'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.

Accord Synergy's Cash-to-Debt Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Accord Synergy's Cash-to-Debt distribution charts can be found below:

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

Accord Synergy 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.

Accord Synergy's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Accord Synergy had no debt ⁽¹⁾.

Accord Synergy's Cash to Debt Ratio for the quarter that ended in Mar. 2023 is calculated as:

Accord Synergy had no debt ⁽¹⁾.

Accord Synergy (NSE:ACCORD) 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.

Accord Synergy Cash-to-Debt Related Terms

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Accord Synergy (NSE:ACCORD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Accord Synergy Ltd (NSE:ACCORD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

302, Shine Plaza, Near Natubhai Circle, Race Course, Vadodara, GJ, IND, 390007

Website

https://www.accordsynergy.com

Accord Synergy Ltd is engaged in support services to the telecom industries. The company has two reportable segments which are Telecom services and Civil contracts of which Telecom services segment generates majority of its revenue for the company. The company offers network planning and optimization, network rollout, managed services, and manpower outsourcing through a sub-contracting basis. It also provides all services related to planning, installation and commissioning, operation, modification and maintenance of telecom networks to the customers. Geographically, it operates only in India.

Accord Synergy (NSE:ACCORD) Headlines

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Accord Synergy (NSE:ACCORD) Cash-to-Debt : No Debt (1) (As of Mar. 2023)