Hightech Payment Systems (CAS:HPS) Cash-to-Debt : 1.82 (As of Dec. 2023)

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What is Hightech Payment Systems 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. Hightech Payment Systems's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.82.

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, Hightech Payment Systems could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

CAS:HPS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.49 Med: 1.46 Max: 2
Current: 1.82

During the past 11 years, Hightech Payment Systems's highest Cash to Debt Ratio was 2.00. The lowest was 0.49. And the median was 1.46.

CAS:HPS's Cash-to-Debt is ranked worse than
55.23% of 2794 companies
in the Software industry
Industry Median: 2.535 vs CAS:HPS: 1.82

Hightech Payment Systems Cash-to-Debt Historical Data

The historical data trend for Hightech Payment Systems'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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Hightech Payment Systems Cash-to-Debt Chart

Hightech Payment Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.34

2.00

1.70

1.59

1.82

Hightech Payment Systems Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.70	1.66	1.59	1.36	1.82

Competitive Comparison of Hightech Payment Systems's Cash-to-Debt

For the Software - Infrastructure subindustry, Hightech Payment Systems'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.

Hightech Payment Systems's Cash-to-Debt Distribution in the Software Industry

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

* The bar in red indicates where Hightech Payment Systems's Cash-to-Debt falls into.

Hightech Payment Systems 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.

Hightech Payment Systems's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	211.044	/	(0	+	116.146)
	=	1.82

Hightech Payment Systems's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	211.044	/	(0	+	116.146)
	=	1.82

Hightech Payment Systems (CAS:HPS) 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.

Hightech Payment Systems Cash-to-Debt Related Terms

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

Hightech Payment Systems (CAS:HPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hightech Payment Systems SA (CAS:HPS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1100, Boulevard Al Qods - Sidi Maarouf, Casablanca Nearshore Park, Shore 1, Casablanca, MAR, 20270

Website

https://www.hps-worldwide.com

Hightech Payment Systems SA is the group that provides solutions and services involving electronic payment. The group offers are structured in the following business units - HPS Solutions, HPS Processing, HPS Services, Safety, and Other Products. HPS Solutions designs, develops, markets, installs, and supports a suite of multi-channel electronic payment solutions. PowerCARD software suite offers comprehensive, configurable and scalable solutions to meet the user needs. The company's software and services are sold covering many geographical areas such as Europe, Americas, Africa and the Middle East and Asia. The group's majority revenue is generated from the sale of HPS solutions.