MDS Tech (XKRX:086960) Cash-to-Debt : 11.70 (As of Mar. 2024)

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What is MDS Tech 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. MDS Tech's cash to debt ratio for the quarter that ended in Mar. 2024 was 11.70.

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

XKRX:086960' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.75 Med: 12.13 Max: 996.69
Current: 11.7

During the past 13 years, MDS Tech's highest Cash to Debt Ratio was 996.69. The lowest was 3.75. And the median was 12.13.

XKRX:086960's Cash-to-Debt is ranked better than
69.36% of 2725 companies
in the Software industry
Industry Median: 2.49 vs XKRX:086960: 11.70

MDS Tech Cash-to-Debt Historical Data

The historical data trend for MDS Tech'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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MDS Tech Cash-to-Debt Chart

MDS Tech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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22.44

72.73

3.95

4.88

12.56

MDS Tech 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															4.23	5.39	11.21	12.56	11.70

Competitive Comparison of MDS Tech's Cash-to-Debt

For the Software - Infrastructure subindustry, MDS Tech'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.

MDS Tech's Cash-to-Debt Distribution in the Software Industry

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

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

MDS Tech 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.

MDS Tech's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	87766.905	/	(6989.18	+	0)
	=	12.56

MDS Tech'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)
	=	82202.275	/	(7025.373	+	0)
	=	11.70

MDS Tech (XKRX:086960) 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.

MDS Tech Cash-to-Debt Related Terms

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

MDS Tech (XKRX:086960) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MDS Tech Inc (XKRX:086960) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

49 Daewangpangyo-ro 644beon-gil, 9th Floor, DTC Tower, Bundang-gu, Gyeonggi-do, Seongnam, KOR, 13493

Website

https://www.mdstech.co.kr

MDS Tech Inc is a South Korea-based company engaged in the provision of embedded software development and other solutions. It offers various solutions including SW Development Tools, Embedded Solutions, IoT and AI and Embedded Education and services.

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