Veefin Solutions (BOM:543931) Cash-to-Debt : 6.15 (As of Mar. 2024)

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What is Veefin Solutions 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. Veefin Solutions's cash to debt ratio for the quarter that ended in Mar. 2024 was 6.15.

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, Veefin Solutions 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 Veefin Solutions's Cash-to-Debt or its related term are showing as below:

BOM:543931' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.12 Max: 6.15
Current: 6.15

During the past 4 years, Veefin Solutions's highest Cash to Debt Ratio was 6.15. The lowest was 0.00. And the median was 0.12.

BOM:543931's Cash-to-Debt is ranked better than
61.83% of 2798 companies
in the Software industry
Industry Median: 2.55 vs BOM:543931: 6.15

Veefin Solutions Cash-to-Debt Historical Data

The historical data trend for Veefin Solutions'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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Veefin Solutions Cash-to-Debt Chart

Veefin Solutions Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

0.12

N/A

6.15

Veefin Solutions Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
Cash-to-Debt	-	0.12	N/A	1.55	6.15

Competitive Comparison of Veefin Solutions's Cash-to-Debt

For the Software - Infrastructure subindustry, Veefin Solutions'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.

Veefin Solutions's Cash-to-Debt Distribution in the Software Industry

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

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

Veefin Solutions 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.

Veefin Solutions'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)
	=	314.996	/	(12.487	+	38.708)
	=	6.15

Veefin Solutions'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)
	=	314.996	/	(12.487	+	38.708)
	=	6.15

Veefin Solutions (BOM:543931) 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.

Veefin Solutions Cash-to-Debt Related Terms

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Veefin Solutions (BOM:543931) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Veefin Solutions Ltd (BOM:543931) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kirol Road, Office No-601, 602 & 603, Neelkanth Corporate IT Park, Vidhyavihar, Mumbai, MH, IND, 400 086

Website

https://www.veefin.com

Veefin Solutions Ltd is a Digital Lending and Supply Chain Finance (SCF) technology product solutions company based in Mumbai. Supply Chain Finance is a financial tool that is used to help businesses manage their cash flows and improve their working capital. The company provides its product solutions to a wide range of clients globally, including Banks, Non-Banking Financial Institutions, FinTech, Marketplaces, and Corporates. Its technology product solutions are offerings, which are designed with a user-led approach, data, and analytics, and built by experienced bankers for bankers. The company operates in two segments; Supply Chain Finance Technology Solutions and Digital Lending Suite Solutions.

Veefin Solutions (BOM:543931) Headlines

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