NetSol Technologies (KAR:NETSOL) Cash-to-Debt : 2.10 (As of Dec. 2024)

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What is NetSol Technologies 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. NetSol Technologies's cash to debt ratio for the quarter that ended in Dec. 2024 was 2.10.

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, NetSol Technologies could pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

KAR:NETSOL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.54 Med: 1.69 Max: 3.2
Current: 2.1

During the past 11 years, NetSol Technologies's highest Cash to Debt Ratio was 3.20. The lowest was 0.54. And the median was 1.69.

KAR:NETSOL's Cash-to-Debt is ranked worse than
53.26% of 2803 companies
in the Software industry
Industry Median: 2.65 vs KAR:NETSOL: 2.10

NetSol Technologies Cash-to-Debt Historical Data

The historical data trend for NetSol Technologies'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.

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NetSol Technologies Cash-to-Debt Chart

NetSol Technologies Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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1.28

2.04

2.11

1.57

2.92

NetSol Technologies Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															1.80	1.69	2.92	3.20	2.10

Competitive Comparison of NetSol Technologies's Cash-to-Debt

For the Information Technology Services subindustry, NetSol Technologies'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.

NetSol Technologies's Cash-to-Debt Distribution in the Software Industry

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

* The bar in red indicates where NetSol Technologies's Cash-to-Debt falls into.

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NetSol Technologies 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.

NetSol Technologies's Cash to Debt Ratio for the fiscal year that ended in Jun. 2024 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)
	=	4669.162	/	(1594.096	+	2.696)
	=	2.92

NetSol Technologies's Cash to Debt Ratio for the quarter that ended in Dec. 2024 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)
	=	4593.552	/	(2188.572	+	0.232)
	=	2.10

NetSol Technologies (KAR:NETSOL) 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.

NetSol Technologies Cash-to-Debt Related Terms

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NetSol Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NetSol Technologies Ltd (KAR:NETSOL) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

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Address

Lahore Ring Road, Ghazi Road Interchange, NETSOL IT Village (Software Technology Park), Lahore Cantonment, Lahore, PB, PAK, 54792

Website

https://www.netsolpk.com

NetSol Technologies Ltd provides Information Technology services & enterprise solutions. It provides solutions for leasing and finance, healthcare technology, insurance, and e-Procurement. Its products include smartOCI, SAP and HMIS, enterprise solutions which include NFS Ascent, NetSol Financial Suite, NFS Mobility; IT consulting and Business Process Reengineering; and Business Intelligence. Its operating segments are product based solutions and ancillary services, professional services, business process outsourcing. Geographically, it operates in Pakistan, Asia Pacific, Australia & USA, UK and Others.

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