GFT Technologies SE (XTER:GFT) Cash-to-Debt : 0.68 (As of Dec. 2023)

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What is GFT Technologies SE 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. GFT Technologies SE's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.68.

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

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

XTER:GFT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.68 Med: 5000.76 Max: No Debt
Current: 0.68

During the past 13 years, GFT Technologies SE's highest Cash to Debt Ratio was No Debt. The lowest was 0.68. And the median was 5000.76.

XTER:GFT's Cash-to-Debt is ranked worse than
70.75% of 2800 companies
in the Software industry
Industry Median: 2.47 vs XTER:GFT: 0.68

GFT Technologies SE Cash-to-Debt Historical Data

The historical data trend for GFT Technologies SE'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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GFT Technologies SE Cash-to-Debt Chart

GFT Technologies SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.05

1.52

0.69

0.95

0.68

GFT Technologies SE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.95	No Debt	0.37	No Debt	0.68

Competitive Comparison of GFT Technologies SE's Cash-to-Debt

For the Information Technology Services subindustry, GFT Technologies SE'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.

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

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

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

GFT Technologies SE 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.

GFT Technologies SE'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)
	=	70.405	/	(55.575	+	48.398)
	=	0.68

GFT Technologies SE's Cash to Debt Ratio for the quarter 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)
	=	70.405	/	(55.575	+	48.398)
	=	0.68

GFT Technologies SE (XTER:GFT) 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.

GFT Technologies SE Cash-to-Debt Related Terms

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

GFT Technologies SE (XTER:GFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GFT Technologies SE (XTER:GFT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GFT:Austria

Address

Schelmenwasenstrasse 34, Stuttgart, BW, DEU, 70567

Website

https://www.gft.com/int/en

GFT Technologies SE is engaged in shaping the digital transformation of companies in the financial and insurance sectors, as well as in the manufacturing industry. As an IT service provider and developer of digital solutions, It offers consulting, development, and implementation skills across all aspects of pioneering technologies from cloud engineering to artificial intelligence and blockchain/DLT. The company has two operating segments; The Americas, UK & APAC comprises operating companies in the following countries: Brazil Costa Rica, Singapore, Hong Kong, the United Kingdom, the United States of America, Canada, Vietnam, and Mexico, and Continental Europe comprises operating companies in the following countries: Belgium, Poland, Germany, Switzerland, France, Spain, and Italy.

Executives

Dr. Jochen Ruetz

Managing Director (CFO) and Member of the Administrative Board

GFT Technologies SE (XTER:GFT) Headlines

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