The Descartes Systems Group (The Descartes Systems Group) Cash-to-Debt : 46.00 (As of Jan. 2024)

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What is The Descartes Systems 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. The Descartes Systems Group's cash to debt ratio for the quarter that ended in Jan. 2024 was 46.00.

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, The Descartes Systems Group could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

DSGX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.95 Med: 28.23 Max: No Debt
Current: 45.99

During the past 13 years, The Descartes Systems Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.95. And the median was 28.23.

DSGX's Cash-to-Debt is ranked better than
81.55% of 2792 companies
in the Software industry
Industry Median: 2.415 vs DSGX: 45.99

The Descartes Systems Group Cash-to-Debt Historical Data

The historical data trend for The Descartes Systems 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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The Descartes Systems Group Cash-to-Debt Chart

The Descartes Systems Group Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash-to-Debt

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3.31

10.23

18.70

37.76

46.00

The Descartes Systems Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															37.76	26.52	36.95	47.22	46.00

Competitive Comparison of The Descartes Systems Group's Cash-to-Debt

For the Software - Application subindustry, The Descartes Systems 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.

The Descartes Systems Group's Cash-to-Debt Distribution in the Software Industry

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

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

The Descartes Systems 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.

The Descartes Systems Group's Cash to Debt Ratio for the fiscal year that ended in Jan. 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)
	=	320.952	/	(3.075	+	3.903)
	=	45.99

The Descartes Systems Group's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	320.952	/	(3.075	+	3.903)
	=	45.99

The Descartes Systems Group (NAS:DSGX) 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.

The Descartes Systems Group Cash-to-Debt Related Terms

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The Descartes Systems Group (The Descartes Systems Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » The Descartes Systems Group Inc (NAS:DSGX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DC2:Germany DC2:Germany DSG:Canada

Address

120 Randall Drive, Waterloo, ON, CAN, N2V 1C6

Website

https://www.descartes.com

The Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. The core product is the Global Logistics Network, which is best understood as transaction driven. Descartes charges clients to send/receive messages, data, and documents on the GLN (the transactions). Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows for Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.