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ExlService HoldingsEXLS +2.60%86 Cash-to-Debt is 0.58 as of Jun. 2026, which is 38% below its 10-year median of 0.94. GuruFocus rates EXLS with a GF Score™ of 86/100 and a GF Value™ of $48.11 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,851 Software companies, ExlService Holdings ranks worse than 73.24% 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. ExlService Holdings's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.58.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, ExlService Holdingscouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for ExlService Holdings's Cash-to-Debt or its related term are showing as below:
EXLS'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.49 Med: 0.94 Max: 5.48
Current: 0.58
During the past 13 years, ExlService Holdings's highest Cash to Debt Ratio was 5.48. The lowest was 0.49. And the median was 0.94.
EXLS's Cash-to-Debt is ranked worse than 73.24% of 2851
companies
in the Software industry
Industry Median: 2.57
vs EXLS: 0.58
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.
ExlService Holdings Cash-to-Debt Related Terms
ExlService Holdings Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for ExlService Holdings'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 Information Technology Services subindustry, ExlService Holdings'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.
ExlService Holdings Cash-to-Debt vs Software Industry
For the Software industry and Technology sector, ExlService Holdings's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where ExlService Holdings'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.
ExlService Holdings (EXLS) has a Cash-to-Debt of 0.58 as of Jun. 2026. This is 38% below median its historical median of 0.94. Over the past decade, ExlService Holdings' Cash-to-Debt has ranged from 0.49 to 5.48. According to the industry distribution chart, ExlService Holdings ranks #2088 out of 2851 companies in the Software industry, placing it in the top 73.2%.
Is ExlService Holdings' Cash-to-Debt too high?
ExlService Holdings' current Cash-to-Debt of 0.58 is 38% below median its 10-year median of 0.94. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 5.48. The Software industry median Cash-to-Debt is 2.57. ExlService Holdings' value of 0.58 is 77.4% below this industry median. Based on the distribution chart, ExlService Holdings ranks #2088 out of 2851 companies in the Software industry, which is below the industry midpoint. Overall, ExlService Holdings has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ExlService Holdings' Cash-to-Debt compare to EPAM and CSQR?
According to the Software industry distribution chart, ExlService Holdings ranks #2088 out of 2851 companies for Cash-to-Debt. This places ExlService Holdings in the lower half of its industry. The industry median Cash-to-Debt is 2.57. ExlService Holdings' value of 0.58 is 77.4% below this benchmark. Historically, ExlService Holdings' own Cash-to-Debt has ranged from 0.49 to 5.48 over the past decade. While the company's 10-year median is 0.94 vs. the industry median of 2.57, ExlService Holdings 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 2.57, 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. ExlService Holdings's current Cash-to-Debt of 0.58 is 77.4% 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 2.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ExlService Holdings's current Cash-to-Debt is 0.58, which is 38% below median its own 10-year median of 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ExlService Holdings stock overvalued right now?
Based on GuruFocus' analysis, ExlService Holdings (EXLS) is currently considered Modestly Undervalued. The stock's GF Value™ is $48.11, compared to a current price of $35.47 — trading 26.3% below its estimated fair value. The current Cash-to-Debt is 0.58, which is 38% below median its 10-year median of 0.94 and 77.4% below the Software industry median of 2.57. ExlService Holdings' overall GF Score™ is 86/100 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 ExlService Holdings (EXLS), the current Cash-to-Debt is 0.58 as of Jun. 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 ExlService Holdings (EXLS) Overvalued in 2026?
Based on GuruFocus' analysis, ExlService Holdings stock appears to be undervalued.
The current stock price of $35.47 is trading 26.3% below its estimated GF Value™ of $48.11.
GuruFocus considers ExlService Holdings to be Modestly Undervalued.
Key valuation signals for EXLS:
Cash-to-Debt: 0.58 (38% below median its 10-year median of 0.94)
GF Value™: $48.11 vs. price of $35.47 (26.3% below fair value)
Industry Position: 77.4% below the Software median (#2088 of 2851)
No single metric tells the full story. See the EXLS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ExlService Holdings Inc. is a data analytics and digital operations company that provides data and AI-led solutions and technology-enabled services to clients across industries. The company has four reportable segments. The Insurance segment provides services such as claims management, underwriting support, and analytics solutions. The Healthcare and Life Sciences segment offers data-driven solutions and services to healthcare payers, providers, and life sciences organizations. The Banking, Capital Markets and Diversified Industries segment delivers solutions across financial services and other industries. The International Growth Markets segment focuses on providing data, AI, and digital operations services to clients outside North America.
86GF Score
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