Allied Digital Services (BOM:532875) Cash-to-Debt : 3.62 (As of Mar. 2024)

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What is Allied Digital Services 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. Allied Digital Services's cash to debt ratio for the quarter that ended in Mar. 2024 was 3.62.

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, Allied Digital Services 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 Allied Digital Services's Cash-to-Debt or its related term are showing as below:

BOM:532875' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.41 Max: 3.62
Current: 3.62

During the past 13 years, Allied Digital Services's highest Cash to Debt Ratio was 3.62. The lowest was 0.03. And the median was 0.41.

BOM:532875's Cash-to-Debt is ranked better than
55.32% of 2800 companies
in the Software industry
Industry Median: 2.55 vs BOM:532875: 3.62

Allied Digital Services Cash-to-Debt Historical Data

The historical data trend for Allied Digital Services'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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Allied Digital Services Cash-to-Debt Chart

Allied Digital Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.45

0.97

1.38

2.16

3.62

Allied Digital Services 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															2.16	N/A	3.97	N/A	3.62

Competitive Comparison of Allied Digital Services's Cash-to-Debt

For the Information Technology Services subindustry, Allied Digital Services'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.

Allied Digital Services's Cash-to-Debt Distribution in the Software Industry

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

* The bar in red indicates where Allied Digital Services's Cash-to-Debt falls into.

Allied Digital Services 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.

Allied Digital Services's Cash to Debt Ratio for the fiscal year 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)
	=	2159.8	/	(479.1	+	117.3)
	=	3.62

Allied Digital Services'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)
	=	2159.8	/	(479.1	+	117.3)
	=	3.62

Allied Digital Services (BOM:532875) 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.

Allied Digital Services Cash-to-Debt Related Terms

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

Allied Digital Services (BOM:532875) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Allied Digital Services Ltd (BOM:532875) » Definitions » Cash-to-Debt

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ADSL:India

Address

NCPA Road, Block No. III, Nariman Point, Premises No. 13A, 13th Floor, Earnest House, Backbay Reclamation, Mumbai, MH, IND, 400 021

Website

https://www.allieddigital.net

Allied Digital Services Ltd is an Indian-based information technology service and solutions offering company. The company provides a wide range of information technology and consultancy services such as infrastructure services, end-user IT support, IT asset lifecycle, enterprise applications, and integrated solutions. The business activity of the firm is operated through the Enterprise Computing based Solutions and Infrastructure Management based Solutions segments. Geographically the business presence of the firm is seen across the region of India, the United States, the UK, Singapore, Australia, Ireland, Brazil, Japan, and China.

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