Niks Technology (BOM:543282) Cash-to-Debt : 4.10 (As of Sep. 2023)

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What is Niks Technology 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. Niks Technology's cash to debt ratio for the quarter that ended in Sep. 2023 was 4.10.

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, Niks Technology could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(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 Niks Technology's Cash-to-Debt or its related term are showing as below:

BOM:543282' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: No Debt Max: No Debt
Current: 4.1

During the past 6 years, Niks Technology's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was No Debt.

BOM:543282's Cash-to-Debt is ranked better than
56.67% of 2723 companies
in the Software industry
Industry Median: 2.49 vs BOM:543282: 4.10

Niks Technology Cash-to-Debt Historical Data

The historical data trend for Niks Technology'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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Niks Technology Cash-to-Debt Chart

Niks Technology Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.09

0.53

No Debt

Niks Technology Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial					No Debt	No Debt	No Debt	No Debt	4.10

Competitive Comparison of Niks Technology's Cash-to-Debt

For the Information Technology Services subindustry, Niks Technology'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.

Niks Technology's Cash-to-Debt Distribution in the Software Industry

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

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

Niks Technology 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.

Niks Technology's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Niks Technology had no debt ⁽¹⁾.

Niks Technology's Cash to Debt Ratio for the quarter that ended in Sep. 2023 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)
	=	20.694	/	(5.054	+	0)
	=	4.09

Niks Technology (BOM:543282) 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.

Niks Technology Cash-to-Debt Related Terms

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Niks Technology (BOM:543282) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Niks Technology Ltd (BOM:543282) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Old Bypass Main Road, Flat No. 501, Shiv Laxmi Plaza, Opposite Rajendra Nagar Terminal, Kankarbagh, Patna, BR, IND, 800020

Website

https://www.nikstech.com

Niks Technology Ltd is an information technology solution service provider company. It offers a range of services such as cyber security, digital marketing, software development, website development, mobile app development, android app development, and classroom training and certification courses to students through offline and online routes.

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