Grid Dynamics Holdings (Grid Dynamics Holdings) Cash-to-Debt : 23.39 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Grid Dynamics Holdings Cash-to-Debt?

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. Grid Dynamics Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 23.39.

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, Grid Dynamics Holdings could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Grid Dynamics Holdings's Cash-to-Debt or its related term are showing as below:

GDYN' s Cash-to-Debt Range Over the Past 10 Years
Min: 23.39 Med: No Debt Max: No Debt
Current: 23.39

During the past 7 years, Grid Dynamics Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 23.39. And the median was No Debt.

GDYN's Cash-to-Debt is ranked better than
75.82% of 2787 companies
in the Software industry
Industry Median: 2.45 vs GDYN: 23.39

Grid Dynamics Holdings Cash-to-Debt Historical Data

The historical data trend for Grid Dynamics 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.

* Premium members only.

Grid Dynamics Holdings Cash-to-Debt Chart

Grid Dynamics Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

31.54

23.39

Grid Dynamics Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															31.54	29.13	20.80	22.78	23.39

Competitive Comparison of Grid Dynamics Holdings's Cash-to-Debt

For the Information Technology Services subindustry, Grid Dynamics 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.

Grid Dynamics Holdings's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Grid Dynamics Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Grid Dynamics Holdings's Cash-to-Debt falls into.

Grid Dynamics Holdings Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Grid Dynamics Holdings's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	257.227	/	(4.235	+	6.761)
	=	23.39

Grid Dynamics Holdings's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	257.227	/	(4.235	+	6.761)
	=	23.39

Grid Dynamics Holdings (NAS:GDYN) 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.

Grid Dynamics Holdings Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Grid Dynamics Holdings's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Grid Dynamics Holdings (Grid Dynamics Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Grid Dynamics Holdings Inc (NAS:GDYN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

5000 Executive Parkway, Suite 520, San Ramon, CA, USA, 94583

Website

https://www.griddynamics.com

Grid Dynamics Holdings Inc provides enterprise-level digital transformation in the areas of search, analytics, and release automation to Fortune 1000 companies. The company delivers tailored solutions in several industry verticals like Tech, Media and Telecom, Retail, Finance and Consumer Packaged goods (CPG)/manufacturing. Geographically company earns revenue from North America, Europe and other regions.

Executives

Leonard Livschitz	director, officer: Chief Executive Officer	C/O GRID DYNAMICS HOLDINGS INC, 5000 EXECUTIVE PARKWAY SUITE 250, SAN RAMON CA 94583
Anil Doradla	officer: Chief Financial Officer	C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130
Patrick Nicolet	director	C/O GRID DYNAMICS HOLDINGS. INC., 5000 EXECUTIVE PARKWAY, SUITE 520, SAN RAMON CA 94583
Lloyd Carney	director	C/O MICROMUSE INC, 139 TOWNSEND ST, SAN FRANCISCO CA 94107
Stan Klimoff	officer: VP of Corporate Development	C/O GRID DYNAMICS HOLDINGS, INC., 5000 EXECUTIVE PARKWAY, SUITE 520, SAN RAMON CA 94583
Eric Benhamou	director	350 CAMPUS DRIVE, MARLBOROUGH MA 01752
Shuo Zhang	director	5000 EXECUTIVE PARKWAY, SUITE 520, SAN RAMON CA 94583
Yueou Wang	director	5000 EXECUTIVE PARKWAY, SUITE 520, SAN RAMON CA 94583
Marina Levinson	director	C/O ELLIE MAE, INC., 4420 ROSEWOOD DRIVE, SUITE 500, PLEASANTON CA 94588
Vadim Kozyrkov	officer: SVP of Engineering	C/O GRID DYNAMICS HOLDINGS INC, 5000 EXECUTIVE PARKWAY SUITE 520, SAN RAMON CA 94583
Beijing Teamsun Technology Co. Ltd.	10 percent owner	ROOM 501, 5/F., NO. 23 BUILDING, 10 E.BLOCK XIBEIWANG E. RD, HAIDIAN DIST, BEIJING F4 0000000
Automated Systems Holdings Ltd	10 percent owner	15/F, TOPSAIL PLAZA, 11 ON SUM STREET, SHATIN K3 00000
Teamsun Technology (hk) Ltd	10 percent owner	UNIT 907, 9TH FLOOR, TAI YAU BUILDING, 181 JOHNSTON ROAD, WANCHAI K3 00000
Gdd International Holding Co	10 percent owner	15/F, TOPSAIL PLAZA, 11 ON SUM STREET, SHATIN K3 00000
Gdb International Investment Ltd	10 percent owner	15/F, TOPSAIL PLAZA, 11 ON SUM STREET, SHATIN K3 00000