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Progress SoftwareMEX:PRGS 50 Cash-to-Debt is 0.08 as of May. 2026, which is 79% below its 10-year median of 0.38. GuruFocus rates MEX:PRGS with a GF Score™ of 50/100 and a GF Value™ of MXN949.11 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 2,850 Software companies, Progress Software ranks worse than 93.93% 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. Progress Software's cash to debt ratio for the quarter that ended in May. 2026 was 0.08.
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, Progress Softwarecouldn't pay off its debt using the cash in hand for the quarter that ended in May. 2026.
The historical rank and industry rank for Progress Software's Cash-to-Debt or its related term are showing as below:
MEX:PRGS'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.38 Max: 2.03
Current: 0.08
During the past 13 years, Progress Software's highest Cash to Debt Ratio was 2.03. The lowest was 0.07. And the median was 0.38.
MEX:PRGS's Cash-to-Debt is ranked worse than 93.93% of 2850
companies
in the Software industry
Industry Median: 2.58
vs MEX:PRGS: 0.08
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.
Progress Software Cash-to-Debt Related Terms
Progress Software Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Progress Software'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.
MEX:PRGS vs PICS, NN, APPN: Cash-to-Debt Comparison
For the Software - Infrastructure subindustry, Progress Software'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.
Progress Software Cash-to-Debt vs Software Industry
For the Software industry and Technology sector, Progress Software's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Progress Software'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.
Progress Software (MEX:PRGS) has a Cash-to-Debt of 0.08 as of May. 2026. This is 79% below median its historical median of 0.38. Over the past decade, Progress Software's Cash-to-Debt has ranged from 0.07 to 2.03. According to the industry distribution chart, Progress Software ranks #2677 out of 2850 companies in the Software industry, placing it in the top 93.9%.
Is Progress Software's Cash-to-Debt too high?
Progress Software's current Cash-to-Debt of 0.08 is 79% below median its 10-year median of 0.38. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 2.03. The Software industry median Cash-to-Debt is 2.58. Progress Software's value of 0.08 is 96.9% below this industry median. Based on the distribution chart, Progress Software ranks #2677 out of 2850 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Progress Software has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Progress Software's Cash-to-Debt compare to PICS and NN?
According to the Software industry distribution chart, Progress Software ranks #2677 out of 2850 companies for Cash-to-Debt. This places Progress Software in the lower half of its industry. The industry median Cash-to-Debt is 2.58. Progress Software's value of 0.08 is 96.9% below this benchmark. Historically, Progress Software's own Cash-to-Debt has ranged from 0.07 to 2.03 over the past decade. While the company's 10-year median is 0.38 vs. the industry median of 2.58, Progress Software has consistently been below 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 2.58, based on 2,850 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. Progress Software's current Cash-to-Debt of 0.08 is 96.9% below 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 2.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Progress Software's current Cash-to-Debt is 0.08, which is 79% below median its own 10-year median of 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Progress Software stock overvalued right now?
Based on GuruFocus' analysis, Progress Software (MEX:PRGS) is currently considered Possible Value Trap. The stock's GF Value™ is MXN949.11, compared to a current price of MXN537.00 — trading 43.4% below its estimated fair value. The current Cash-to-Debt is 0.08, which is 79% below median its 10-year median of 0.38 and 96.9% below the Software industry median of 2.58. Progress Software's overall GF Score™ is 50/100 with 7 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 Progress Software (MEX:PRGS), the current Cash-to-Debt is 0.08 as of May. 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 Progress Software (MEX:PRGS) Overvalued in 2026?
Based on GuruFocus' analysis, Progress Software stock appears to be undervalued.
The current stock price of MXN537.00 is trading 43.4% below its estimated GF Value™ of MXN949.11.
GuruFocus considers Progress Software to be Possible Value Trap.
Key valuation signals for MEX:PRGS:
Cash-to-Debt: 0.08 (79% below median its 10-year median of 0.38)
GF Value™: MXN949.11 vs. price of MXN537.00 (43.4% below fair value)
Industry Position: 96.9% below the Software median (#2677 of 2850)
No single metric tells the full story. See the MEX:PRGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Progress Software Corp provides software products that enable customers to develop, deploy, and manage AI-powered applications and digital experiences. The Company operates across North America, Latin America, Europe, the Middle East and Africa (EMEA), and Asia Pacific through subsidiaries and distributors, generating a majority of its revenue from the United States. Its product portfolio includes Progress Agentic RAG, Automate MFT, Chef, Corticon, DataDirect, Developer Tools, Flowmon, Kemp LoadMaster, MarkLogic, MOVEit, OpenEdge, Semaphore, ShareFile, Sitefinity, and WhatsUp Gold, offering solutions for application development, data connectivity, DevOps automation, managed file transfer, network security, and digital experience. It generates maximum revenue from the United States.
50GF Score
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