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Manhattan AssociatesFRA:MHT +0.22%91 Cash-to-Debt is 3.45 as of Jun. 2026, which is 63% below its 10-year median of 9.28. GuruFocus rates FRA:MHT with a GF Score™ of 91/100 and a GF Value™ of €208.33 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,756 Software companies, Manhattan Associates ranks better than 54.61% 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. Manhattan Associates's cash to debt ratio for the quarter that ended in Jun. 2026 was 3.45.
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, Manhattan Associatescould pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Manhattan Associates's Cash-to-Debt or its related term are showing as below:
FRA:MHT'
s Cash-to-Debt Range Over the Past 10 Years
Min: 2.5 Med: 9.28 Max: No Debt
Current: 3.45
During the past 13 years, Manhattan Associates's highest Cash to Debt Ratio was No Debt. The lowest was 2.50. And the median was 9.28.
FRA:MHT's Cash-to-Debt is ranked better than 54.61% of 2756
companies
in the Software industry
Industry Median: 2.515
vs FRA:MHT: 3.45
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.
Manhattan Associates Cash-to-Debt Related Terms
Manhattan Associates Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Manhattan Associates'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:MHT vs BSY, DOCU, FROG: Cash-to-Debt Comparison
For the Software - Application subindustry, Manhattan Associates'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.
Manhattan Associates Cash-to-Debt vs Software Industry
For the Software industry and Technology sector, Manhattan Associates's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Manhattan Associates'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.
Manhattan Associates (FRA:MHT) has a Cash-to-Debt of 3.45 as of Jun. 2026. This is 63% below median its historical median of 9.28. Over the past decade, Manhattan Associates' Cash-to-Debt has ranged from 2.50 to 10,000.00. According to the industry distribution chart, Manhattan Associates ranks #1251 out of 2756 companies in the Software industry, placing it in the top 45.4%.
Is Manhattan Associates' Cash-to-Debt too high?
Manhattan Associates' current Cash-to-Debt of 3.45 is 63% below median its 10-year median of 9.28. Over the past 10 years, this metric has ranged from a low of 2.50 to a high of 10,000.00. The Software industry median Cash-to-Debt is 2.52. Manhattan Associates' value of 3.45 is 37.2% above this industry median. Based on the distribution chart, Manhattan Associates ranks #1251 out of 2756 companies in the Software industry, which is above the industry midpoint. Overall, Manhattan Associates has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Manhattan Associates' Cash-to-Debt compare to BSY and DOCU?
According to the Software industry distribution chart, Manhattan Associates ranks #1251 out of 2756 companies for Cash-to-Debt. This puts Manhattan Associates in the upper half of its industry. The industry median Cash-to-Debt is 2.52. Manhattan Associates' value of 3.45 is 37.2% above this benchmark. Historically, Manhattan Associates' own Cash-to-Debt has ranged from 2.50 to 10,000.00 over the past decade. While the company's 10-year median is 9.28 vs. the industry median of 2.52, Manhattan Associates 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 2.52, based on 2,756 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. Manhattan Associates's current Cash-to-Debt of 3.45 is 37.2% 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 2.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manhattan Associates's current Cash-to-Debt is 3.45, which is 63% below median its own 10-year median of 9.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manhattan Associates stock overvalued right now?
Based on GuruFocus' analysis, Manhattan Associates (FRA:MHT) is currently considered Modestly Undervalued. The stock's GF Value™ is €208.33, compared to a current price of €180.30 — trading 13.5% below its estimated fair value. The current Cash-to-Debt is 3.45, which is 63% below median its 10-year median of 9.28 and 37.2% above the Software industry median of 2.52. Manhattan Associates' overall GF Score™ is 91/100 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 Manhattan Associates (FRA:MHT), the current Cash-to-Debt is 3.45 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 Manhattan Associates (FRA:MHT) Overvalued in 2026?
Based on GuruFocus' analysis, Manhattan Associates stock appears to be undervalued.
The current stock price of €180.30 is trading 13.5% below its estimated GF Value™ of €208.33.
GuruFocus considers Manhattan Associates to be Modestly Undervalued.
Key valuation signals for FRA:MHT:
Cash-to-Debt: 3.45 (63% below median its 10-year median of 9.28)
GF Value™: €208.33 vs. price of €180.30 (13.5% below fair value)
Industry Position: 37.2% above the Software median (#1251 of 2756)
No single metric tells the full story. See the FRA:MHT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manhattan Associates provides software that helps users manage their supply chains, inventory, and omnichannel operations. Customers are generally retailers, wholesalers, manufacturers, and logistics providers. The company was founded in 1990 and serves more than 1,200 customers worldwide.
91GF Score
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