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Stepchange HoldingsASX:STH -4.00%18 Cash-to-Debt is No Debt (1) as of Jun. 2026, which is 100% below its 10-year median of 10.38. GuruFocus rates ASX:STH with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 2,842 Software companies, Stepchange Holdings ranks better than 86.21% on this metric.
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. Stepchange Holdings's cash to debt ratio for the quarter that ended in Jun. 2026 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, Stepchange Holdingscould pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
(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 Stepchange Holdings's Cash-to-Debt or its related term are showing as below:
ASX:STH'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.67 Med: 10.38 Max: No Debt
Current: 173.03
During the past 4 years, Stepchange Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.67. And the median was 10.38.
ASX:STH's Cash-to-Debt is ranked better than 86.21% of 2842
companies
in the Software industry
Industry Median: 2.47
vs ASX:STH: 173.03
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.
Stepchange Holdings Cash-to-Debt Related Terms
Stepchange Holdings Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Stepchange Holdings'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.
ASX:STH vs CRM, SHOP, UBER: Cash-to-Debt Comparison
For the Software - Application subindustry, Stepchange Holdings'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.
Stepchange Holdings Cash-to-Debt vs Software Industry
For the Software industry and Technology sector, Stepchange Holdings's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Stepchange Holdings's Cash-to-Debt falls into.
Stepchange Holdings's Cash to Debt Ratio for the fiscal year that ended in Jun. 2026 is calculated as:
Stepchange Holdings had no debt (1).
Stepchange Holdings's Cash to Debt Ratio for the quarter that ended in Jun. 2026 is calculated as:
Stepchange Holdings had no debt (1).
* 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.
What does a Cash-to-Debt of No Debt <sup>(1)</sup> mean?
Stepchange Holdings (ASX:STH) has a Cash-to-Debt of No Debt (1) as of Jun. 2026. This is 90% below median its historical median of 10.38. Over the past decade, Stepchange Holdings' Cash-to-Debt has ranged from 0.67 to 10,000.00. According to the industry distribution chart, Stepchange Holdings ranks #392 out of 2842 companies in the Software industry, placing it in the top 13.8%.
Is Stepchange Holdings' Cash-to-Debt too high?
Stepchange Holdings' current Cash-to-Debt of No Debt (1) is 90% below median its 10-year median of 10.38. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 10,000.00. Based on the distribution chart, Stepchange Holdings ranks #392 out of 2842 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Stepchange Holdings has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Stepchange Holdings' Cash-to-Debt compare to CRM and SHOP?
According to the Software industry distribution chart, Stepchange Holdings ranks #392 out of 2842 companies for Cash-to-Debt. This places Stepchange Holdings in the top 14% of its industry — outperforming the majority of peers. The industry median Cash-to-Debt is 2.47. Historically, Stepchange Holdings' own Cash-to-Debt has ranged from 0.67 to 10,000.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Software company?
The median Cash-to-Debt among Software companies is 2.47, based on 2,842 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median Cash-to-Debt is 2.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stepchange Holdings's current Cash-to-Debt is No Debt (1), which is 90% below median its own 10-year median of 10.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stepchange Holdings stock overvalued right now?
Stepchange Holdings (ASX:STH) has a current Cash-to-Debt of No Debt (1). The current Cash-to-Debt is No Debt (1), which is 90% below median its 10-year median of 10.38. Stepchange Holdings' overall GF Score™ is 18/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Stepchange Holdings (ASX:STH), the current Cash-to-Debt is No Debt (1) as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Stepchange Holdings Ltd is engaged in providing software services. It delivers end-to-end SAP ERP and digital transformation service. Its services include: Strategic Alignment and Execution; Program and Project Management; Change Management; and Business Analysis.
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