Lytus Technologies Holdings Pvt (Lytus Technologies Holdings Pvt) Cash-to-Debt : 0.02 (As of Sep. 2023)

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What is Lytus Technologies Holdings Pvt 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. Lytus Technologies Holdings Pvt's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.02.

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, Lytus Technologies Holdings Pvt couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

LYT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.15 Max: 105.58
Current: 0.02

During the past 5 years, Lytus Technologies Holdings Pvt's highest Cash to Debt Ratio was 105.58. The lowest was 0.01. And the median was 0.15.

LYT's Cash-to-Debt is ranked worse than
97.5% of 2725 companies
in the Software industry
Industry Median: 2.49 vs LYT: 0.02

Lytus Technologies Holdings Pvt Cash-to-Debt Historical Data

The historical data trend for Lytus Technologies Holdings Pvt'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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Lytus Technologies Holdings Pvt Cash-to-Debt Chart

Lytus Technologies Holdings Pvt Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

0.15

0.05

0.06

0.01

0.71

Lytus Technologies Holdings Pvt Quarterly Data
	Mar19	Mar20	Sep20	Dec20	Mar21	Sep21	Dec21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial						0.16	0.01	105.58	0.71	0.02

Competitive Comparison of Lytus Technologies Holdings Pvt's Cash-to-Debt

For the Software - Application subindustry, Lytus Technologies Holdings Pvt'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.

Lytus Technologies Holdings Pvt's Cash-to-Debt Distribution in the Software Industry

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

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

Lytus Technologies Holdings Pvt 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.

Lytus Technologies Holdings Pvt's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	2.841	/	(4.01	+	0.01)
	=	0.71

Lytus Technologies Holdings Pvt's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.085	/	(4.888	+	0)
	=	0.02

Lytus Technologies Holdings Pvt (NAS:LYT) 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.

Lytus Technologies Holdings Pvt Cash-to-Debt Related Terms

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Lytus Technologies Holdings Pvt (Lytus Technologies Holdings Pvt) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Lytus Technologies Holdings Pvt Ltd (NAS:LYT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

The Meydan Hotel, Nad Al Sheba, Business Center 1, M Floor, Dubai, ARE

Website

https://www.lytuscorp.com

Lytus Technologies Holdings Pvt Ltd is a platform services company primarily providing content streaming/telecasting services to users located all across India. Its scope of business also covers telemedicine services with local assistance through local Health Centers. Through its platform, the customers are well connected via customer premises equipment (CPE) devices/set-top boxes (STBs) and have access to multi-dimensional services including telemedicine service.