Hiliks Technologies (BOM:539697) Cash-to-Debt : 43.82 (As of Sep. 2024)

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What is Hiliks Technologies 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. Hiliks Technologies's cash to debt ratio for the quarter that ended in Sep. 2024 was 43.82.

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, Hiliks Technologies could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

BOM:539697' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.78 Med: No Debt Max: No Debt
Current: 43.82

During the past 10 years, Hiliks Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 0.78. And the median was No Debt.

BOM:539697's Cash-to-Debt is ranked better than
86.73% of 1055 companies
in the Business Services industry
Industry Median: 1.02 vs BOM:539697: 43.82

Hiliks Technologies Cash-to-Debt Historical Data

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

Hiliks Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

6.31

4.26

2.14

1.95

18.98

Hiliks Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	N/A	18.98	N/A	43.82

Competitive Comparison of Hiliks Technologies's Cash-to-Debt

For the Staffing & Employment Services subindustry, Hiliks Technologies'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.

Hiliks Technologies's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Hiliks Technologies's Cash-to-Debt distribution charts can be found below:

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

Hiliks Technologies 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.

Hiliks Technologies'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)
	=	3.474	/	(0	+	0.183)
	=	18.98

Hiliks Technologies's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	1.183	/	(0	+	0.027)
	=	43.81

Hiliks Technologies (BOM:539697) 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.

Hiliks Technologies Cash-to-Debt Related Terms

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Hiliks Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hiliks Technologies Ltd (BOM:539697) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

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Address

Lucid Diagnostics Lane, Road No. 2, Banjara Hills, 2nd Floor, Semushi Towers, Above Union Bank of India, Plot No. 21, Rao and Raju Colony, Hyderabad, TG, IND, 500 034

Website

https://www.hiliks.com

Hiliks Technologies Ltd is an Indian company. The company is engaged in the Business of providing services/solutions of information technology, information systems, Hardware and Software development, system networking and satellite communications, protocols, call centers, medical transcription, medical billing, system development, computer training in software and networking, infrastructure for software development, networking and to provide manpower consulting in software, hardware and networking and other business process outsourcing activities, training center, and help desk services and provide services relating to products, product support services, software education, system integration, embedded systems development, software testing services, software support services.

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