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Calnex SolutionsFRA:CSO 48 Cash-to-Debt is 10.03 as of Mar. 2026, which is at its 10-year median of 10.03. GuruFocus rates FRA:CSO with a GF Score™ of 48/100 and a GF Value™ of €0.79 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,484 Hardware companies, Calnex Solutions ranks better than 78.3% 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. Calnex Solutions's cash to debt ratio for the quarter that ended in Mar. 2026 was 10.03.
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, Calnex Solutionscould pay off its debt using the cash in hand for the quarter that ended in Mar. 2026.
The historical rank and industry rank for Calnex Solutions's Cash-to-Debt or its related term are showing as below:
FRA:CSO'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 10.03 Max: 28.6
Current: 10.03
During the past 9 years, Calnex Solutions's highest Cash to Debt Ratio was 28.60. The lowest was 0.26. And the median was 10.03.
FRA:CSO's Cash-to-Debt is ranked better than 78.3% of 2484
companies
in the Hardware industry
Industry Median: 1.35
vs FRA:CSO: 10.03
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.
Calnex Solutions Cash-to-Debt Related Terms
Calnex Solutions Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Calnex 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.
FRA:CSO vs CSCO, MSI, LITE: Cash-to-Debt Comparison
For the Communication Equipment subindustry, Calnex 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.
Calnex Solutions Cash-to-Debt vs Hardware Industry
For the Hardware industry and Technology sector, Calnex Solutions's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Calnex Solutions'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.
Calnex Solutions (FRA:CSO) has a Cash-to-Debt of 10.03 as of Mar. 2026. This is near median its historical median of 10.03. Over the past decade, Calnex Solutions' Cash-to-Debt has ranged from 0.26 to 28.60. According to the industry distribution chart, Calnex Solutions ranks #539 out of 2484 companies in the Hardware industry, placing it in the top 21.7%.
Is Calnex Solutions' Cash-to-Debt too high?
Calnex Solutions' current Cash-to-Debt of 10.03 is near median its 10-year median of 10.03. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 28.60. The Hardware industry median Cash-to-Debt is 1.35. Calnex Solutions' value of 10.03 is 643% above this industry median. Based on the distribution chart, Calnex Solutions ranks #539 out of 2484 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Calnex Solutions has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Calnex Solutions' Cash-to-Debt compare to CSCO and MSI?
According to the Hardware industry distribution chart, Calnex Solutions ranks #539 out of 2484 companies for Cash-to-Debt. This places Calnex Solutions in the top 22% of its industry — outperforming the majority of peers. The industry median Cash-to-Debt is 1.35. Calnex Solutions' value of 10.03 is 643% above this benchmark. Historically, Calnex Solutions' own Cash-to-Debt has ranged from 0.26 to 28.60 over the past decade. While the company's 10-year median is 10.03 vs. the industry median of 1.35, Calnex Solutions 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 Hardware company?
The median Cash-to-Debt among Hardware companies is 1.35, based on 2,484 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. Calnex Solutions's current Cash-to-Debt of 10.03 is 643% 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 Hardware industry, the median Cash-to-Debt is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Calnex Solutions's current Cash-to-Debt is 10.03, which is near median its own 10-year median of 10.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Calnex Solutions stock overvalued right now?
Based on GuruFocus' analysis, Calnex Solutions (FRA:CSO) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.79, compared to a current price of €0.67 — trading 15.2% below its estimated fair value. The current Cash-to-Debt is 10.03, which is near median its 10-year median of 10.03 and 643% above the Hardware industry median of 1.35. Calnex Solutions' overall GF Score™ is 48/100 with 4 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 Calnex Solutions (FRA:CSO), the current Cash-to-Debt is 10.03 as of Mar. 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 Calnex Solutions (FRA:CSO) Overvalued in 2026?
Based on GuruFocus' analysis, Calnex Solutions stock appears to be undervalued.
The current stock price of €0.67 is trading 15.2% below its estimated GF Value™ of €0.79.
GuruFocus considers Calnex Solutions to be Modestly Undervalued.
Key valuation signals for FRA:CSO:
Cash-to-Debt: 10.03 (near median its 10-year median of 10.03)
GF Value™: €0.79 vs. price of €0.67 (15.2% below fair value)
Industry Position: 643% above the Hardware median (#539 of 2484)
No single metric tells the full story. See the FRA:CSO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Calnex Solutions PLC is a provider of test and measurement solutions for the telecommunications sector. It designs, produces, and markets test instrumentation and solutions for network synchronization and network emulation. The company offers its equipment to network operators, network providers, systems suppliers, laboratories, and network infrastructures. The company operates in North Asia, Americas and Rest of the world, out of which it derives maximum revenue from Rest of the World.
48GF Score
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