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DocusignDOCU -6.91%70 Cash-to-Debt is 4.44 as of Apr. 2026, which is 171% above its 10-year median of 1.64. GuruFocus rates DOCU with a GF Score™ of 70/100 and a GF Value™ of $73.65 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,851 Software companies, Docusign ranks better than 57.66% on this metric.
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. Docusign's cash to debt ratio for the quarter that ended in Apr. 2026 was 4.44.
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, Docusigncould pay off its debt using the cash in hand for the quarter that ended in Apr. 2026.
The historical rank and industry rank for Docusign's Cash-to-Debt or its related term are showing as below:
DOCU'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.83 Med: 1.64 Max: No Debt
Current: 4.44
During the past 11 years, Docusign's highest Cash to Debt Ratio was No Debt. The lowest was 0.83. And the median was 1.64.
DOCU's Cash-to-Debt is ranked better than 57.66% of 2851
companies
in the Software industry
Industry Median: 2.53
vs DOCU: 4.44
Docusign (NAS:DOCU) 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.
Docusign Cash-to-Debt Related Terms
Docusign Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Docusign'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.
For the Software - Application subindustry, Docusign'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.
Docusign Cash-to-Debt vs Software Industry
For the Software industry and Technology sector, Docusign's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Docusign's Cash-to-Debt falls into.
* 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.
Docusign (DOCU) has a Cash-to-Debt of 4.44 as of Apr. 2026. This is 171% above median its historical median of 1.64. Over the past decade, Docusign's Cash-to-Debt has ranged from 0.83 to 10,000.00. According to the industry distribution chart, Docusign ranks #1207 out of 2851 companies in the Software industry, placing it in the top 42.3%.
Is Docusign's Cash-to-Debt too high?
Docusign's current Cash-to-Debt of 4.44 is 171% above median its 10-year median of 1.64. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 10,000.00. The Software industry median Cash-to-Debt is 2.53. Docusign's value of 4.44 is 75.5% above this industry median. Based on the distribution chart, Docusign ranks #1207 out of 2851 companies in the Software industry, which is above the industry midpoint. Overall, Docusign has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Docusign's Cash-to-Debt compare to FROG and BSY?
According to the Software industry distribution chart, Docusign ranks #1207 out of 2851 companies for Cash-to-Debt. This puts Docusign in the upper half of its industry. The industry median Cash-to-Debt is 2.53. Docusign's value of 4.44 is 75.5% above this benchmark. Historically, Docusign's own Cash-to-Debt has ranged from 0.83 to 10,000.00 over the past decade. While the company's 10-year median is 1.64 vs. the industry median of 2.53, Docusign has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Software company?
The median Cash-to-Debt among Software companies is 2.53, based on 2,851 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Docusign's current Cash-to-Debt of 4.44 is 75.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median Cash-to-Debt is 2.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Docusign's current Cash-to-Debt is 4.44, which is 171% above median its own 10-year median of 1.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Docusign stock overvalued right now?
Based on GuruFocus' analysis, Docusign (DOCU) is currently considered Modestly Undervalued. The stock's GF Value™ is $73.65, compared to a current price of $54.15 — trading 26.5% below its estimated fair value. The current Cash-to-Debt is 4.44, which is 171% above median its 10-year median of 1.64 and 75.5% above the Software industry median of 2.53. Docusign's overall GF Score™ is 70/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Docusign (DOCU), the current Cash-to-Debt is 4.44 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Docusign (DOCU) Overvalued in 2026?
Based on GuruFocus' analysis, Docusign stock appears to be undervalued.
The current stock price of $54.15 is trading 26.5% below its estimated GF Value™ of $73.65.
GuruFocus considers Docusign to be Modestly Undervalued.
Key valuation signals for DOCU:
Cash-to-Debt: 4.44 (171% above median its 10-year median of 1.64)
GF Value™: $73.65 vs. price of $54.15 (26.5% below fair value)
Industry Position: 75.5% above the Software median (#1207 of 2851)
No single metric tells the full story. See the DOCU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Docusign offers Agreement Cloud, a broad cloud-based software suite that enables users to automate the agreement process and provide legally binding e-signatures from nearly any device. The company was founded in 2003 and completed its initial public offering in 2018.
70GF Score
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