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Netbay PCLBKK:NETBAY +6.80%87 Cash-to-Debt is 20.83 as of Mar. 2026, which is 73% below its 10-year median of 77.31. GuruFocus rates BKK:NETBAY with a GF Score™ of 87/100 and a GF Value™ of ฿21.18 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,844 Software companies, Netbay PCL ranks better than 74.65% 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. Netbay PCL's cash to debt ratio for the quarter that ended in Mar. 2026 was 20.83.
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, Netbay PCLcould pay off its debt using the cash in hand for the quarter that ended in Mar. 2026.
The historical rank and industry rank for Netbay PCL's Cash-to-Debt or its related term are showing as below:
BKK:NETBAY'
s Cash-to-Debt Range Over the Past 10 Years
Min: 13.08 Med: 77.31 Max: No Debt
Current: 20.83
During the past 11 years, Netbay PCL's highest Cash to Debt Ratio was No Debt. The lowest was 13.08. And the median was 77.31.
BKK:NETBAY's Cash-to-Debt is ranked better than 74.65% of 2844
companies
in the Software industry
Industry Median: 2.53
vs BKK:NETBAY: 20.83
Netbay PCL (BKK:NETBAY) 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.
Netbay PCL Cash-to-Debt Related Terms
Netbay PCL Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Netbay PCL'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.
BKK:NETBAY vs UBER, SHOP, CRM: Cash-to-Debt Comparison
For the Software - Application subindustry, Netbay PCL'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.
Netbay PCL Cash-to-Debt vs Software Industry
For the Software industry and Technology sector, Netbay PCL's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Netbay PCL's Cash-to-Debt falls into.
* 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.
Netbay PCL (BKK:NETBAY) has a Cash-to-Debt of 20.83 as of Mar. 2026. This is 73% below median its historical median of 77.31. Over the past decade, Netbay PCL's Cash-to-Debt has ranged from 13.08 to 10,000.00. According to the industry distribution chart, Netbay PCL ranks #721 out of 2844 companies in the Software industry, placing it in the top 25.4%.
Is Netbay PCL's Cash-to-Debt too high?
Netbay PCL's current Cash-to-Debt of 20.83 is 73% below median its 10-year median of 77.31. Over the past 10 years, this metric has ranged from a low of 13.08 to a high of 10,000.00. The Software industry median Cash-to-Debt is 2.53. Netbay PCL's value of 20.83 is 723.3% above this industry median. Based on the distribution chart, Netbay PCL ranks #721 out of 2844 companies in the Software industry, which is above the industry midpoint. Overall, Netbay PCL has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netbay PCL's Cash-to-Debt compare to UBER and SHOP?
According to the Software industry distribution chart, Netbay PCL ranks #721 out of 2844 companies for Cash-to-Debt. This puts Netbay PCL in the upper half of its industry. The industry median Cash-to-Debt is 2.53. Netbay PCL's value of 20.83 is 723.3% above this benchmark. Historically, Netbay PCL's own Cash-to-Debt has ranged from 13.08 to 10,000.00 over the past decade. While the company's 10-year median is 77.31 vs. the industry median of 2.53, Netbay PCL has consistently been above the industry average. 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 2.53, based on 2,844 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. Netbay PCL's current Cash-to-Debt of 20.83 is 723.3% above the industry median. 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 2.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netbay PCL's current Cash-to-Debt is 20.83, which is 73% below median its own 10-year median of 77.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netbay PCL stock overvalued right now?
Based on GuruFocus' analysis, Netbay PCL (BKK:NETBAY) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿21.18, compared to a current price of ฿15.70 — trading 25.9% below its estimated fair value. The current Cash-to-Debt is 20.83, which is 73% below median its 10-year median of 77.31 and 723.3% above the Software industry median of 2.53. Netbay PCL's overall GF Score™ is 87/100 with 3 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 Netbay PCL (BKK:NETBAY), the current Cash-to-Debt is 20.83 as of Mar. 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.
Is Netbay PCL (BKK:NETBAY) Overvalued in 2026?
Based on GuruFocus' analysis, Netbay PCL stock appears to be undervalued.
The current stock price of ฿15.70 is trading 25.9% below its estimated GF Value™ of ฿21.18.
GuruFocus considers Netbay PCL to be Modestly Undervalued.
Key valuation signals for BKK:NETBAY:
Cash-to-Debt: 20.83 (73% below median its 10-year median of 77.31)
GF Value™: ฿21.18 vs. price of ฿15.70 (25.9% below fair value)
Industry Position: 723.3% above the Software median (#721 of 2844)
No single metric tells the full story. See the BKK:NETBAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Netbay PCL is a Thailand-based company engaged in the provision and development of computer software used in the transmission of information electronically. The company creates, designs, and develops a digital business technology platform and omnichannel connectivity gateway. It operates in two segments: The e-Business segment, which develops an e-Business product in the form of services (SaaS: Software As A Service), and the e-Service segment, which rendered an e-Business service for the Business segment to Government (B2G) transaction, and Business segment to Business segment (B2B) transaction. The company operates only in Thailand and generates the majority of its revenue from the e-Business segment.
87GF Score
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