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Elastic NVESTC -0.11%82 Cash-to-Debt is 2.45 as of Jul. 2026, which is 4% above its 10-year median of 2.35. GuruFocus rates ESTC with a GF Score™ of 82/100 and a GF Value™ of $107.39 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,841 Software companies, Elastic NV ranks worse than 50.12% 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. Elastic NV's cash to debt ratio for the quarter that ended in Jul. 2026 was 2.45.
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, Elastic NVcould pay off its debt using the cash in hand for the quarter that ended in Jul. 2026.
The historical rank and industry rank for Elastic NV's Cash-to-Debt or its related term are showing as below:
ESTC'
s Cash-to-Debt Range Over the Past 10 Years
Min: 1.43 Med: 2.35 Max: No Debt
Current: 2.45
During the past 10 years, Elastic NV's highest Cash to Debt Ratio was No Debt. The lowest was 1.43. And the median was 2.35.
ESTC's Cash-to-Debt is ranked worse than 50.12% of 2841
companies
in the Software industry
Industry Median: 2.47
vs ESTC: 2.45
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.
Elastic NV Cash-to-Debt Related Terms
Elastic NV Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Elastic NV'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, Elastic NV'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.
Elastic NV Cash-to-Debt vs Software Industry
For the Software industry and Technology sector, Elastic NV's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Elastic NV'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.
Elastic NV (ESTC) has a Cash-to-Debt of 2.45 as of Jul. 2026. This is near median its historical median of 2.35. Over the past decade, Elastic NV's Cash-to-Debt has ranged from 1.43 to 10,000.00. According to the industry distribution chart, Elastic NV ranks #1424 out of 2841 companies in the Software industry, placing it in the top 50.1%.
Is Elastic NV's Cash-to-Debt too high?
Elastic NV's current Cash-to-Debt of 2.45 is near median its 10-year median of 2.35. Over the past 10 years, this metric has ranged from a low of 1.43 to a high of 10,000.00. The Software industry median Cash-to-Debt is 2.47. Elastic NV's value of 2.45 is 0.8% below this industry median. Based on the distribution chart, Elastic NV ranks #1424 out of 2841 companies in the Software industry, which is below the industry midpoint. Overall, Elastic NV has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Elastic NV's Cash-to-Debt compare to PAYC and BSY?
According to the Software industry distribution chart, Elastic NV ranks #1424 out of 2841 companies for Cash-to-Debt. This places Elastic NV in the lower half of its industry. The industry median Cash-to-Debt is 2.47. Elastic NV's value of 2.45 is 0.8% below this benchmark. Historically, Elastic NV's own Cash-to-Debt has ranged from 1.43 to 10,000.00 over the past decade. While the company's 10-year median is 2.35 vs. the industry median of 2.47, Elastic NV has consistently been below 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 2.47, based on 2,841 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. Elastic NV's current Cash-to-Debt of 2.45 is 0.8% below 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 2.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elastic NV's current Cash-to-Debt is 2.45, which is near median its own 10-year median of 2.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elastic NV stock overvalued right now?
Based on GuruFocus' analysis, Elastic NV (ESTC) is currently considered Modestly Undervalued. The stock's GF Value™ is $107.39, compared to a current price of $83.39 — trading 22.3% below its estimated fair value. The current Cash-to-Debt is 2.45, which is near median its 10-year median of 2.35 and 0.8% below the Software industry median of 2.47. Elastic NV's overall GF Score™ is 82/100 with 2 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 Elastic NV (ESTC), the current Cash-to-Debt is 2.45 as of Jul. 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 Elastic NV (ESTC) Overvalued in 2026?
Based on GuruFocus' analysis, Elastic NV stock appears to be undervalued.
The current stock price of $83.39 is trading 22.3% below its estimated GF Value™ of $107.39.
GuruFocus considers Elastic NV to be Modestly Undervalued.
Key valuation signals for ESTC:
Cash-to-Debt: 2.45 (near median its 10-year median of 2.35)
GF Value™: $107.39 vs. price of $83.39 (22.3% below fair value)
Industry Position: 0.8% below the Software median (#1424 of 2841)
No single metric tells the full story. See the ESTC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elastic is a software company that specializes in AI-search, observability, and security deployments. Its search division offers both traditional keyword search and vector search methods to enable more context-aware querying. The software has open-source origins but generates revenue through valuable add-ons, including simplified data orchestration and server scaling techniques.
82GF Score
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