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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. Dev Information Technology's cash to debt ratio for the quarter that ended in Mar. 2026 was 0.20.
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, Dev Information Technologycouldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2026.
The historical rank and industry rank for Dev Information Technology's Cash-to-Debt or its related term are showing as below:
NSE:DEVIT'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.44 Max: 0.92
Current: 0.2
During the past 13 years, Dev Information Technology's highest Cash to Debt Ratio was 0.92. The lowest was 0.10. And the median was 0.44.
NSE:DEVIT's Cash-to-Debt is ranked worse than 87.01% of 2849
companies
in the Software industry
Industry Median: 2.57
vs NSE:DEVIT: 0.20
Dev Information Technology (NSE:DEVIT) 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.
Dev Information Technology Cash-to-Debt Related Terms
Dev Information Technology Cash-to-Debt Historical Data
* 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.
NSE:DEVIT vs IBM, ACN, FISV: Cash-to-Debt Comparison
For the Information Technology Services subindustry, Dev Information Technology'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.
Dev Information Technology Cash-to-Debt vs Software Industry
For the Software industry and Technology sector, Dev Information Technology's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Dev Information Technology'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.
Dev Information Technology (NSE:DEVIT) has a Cash-to-Debt of 0.20 as of Mar. 2026. This is 55% below median its historical median of 0.44. Over the past decade, Dev Information Technology's Cash-to-Debt has ranged from 0.10 to 0.92. According to the industry distribution chart, Dev Information Technology ranks #2479 out of 2849 companies in the Software industry, placing it in the top 87%.
Is Dev Information Technology's Cash-to-Debt too high?
Dev Information Technology's current Cash-to-Debt of 0.20 is 55% below median its 10-year median of 0.44. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.92. The Software industry median Cash-to-Debt is 2.57. Dev Information Technology's value of 0.20 is 92.2% below this industry median. Based on the distribution chart, Dev Information Technology ranks #2479 out of 2849 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Dev Information Technology has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Dev Information Technology's Cash-to-Debt compare to IBM and ACN?
According to the Software industry distribution chart, Dev Information Technology ranks #2479 out of 2849 companies for Cash-to-Debt. This places Dev Information Technology in the lower half of its industry. The industry median Cash-to-Debt is 2.57. Dev Information Technology's value of 0.20 is 92.2% below this benchmark. Historically, Dev Information Technology's own Cash-to-Debt has ranged from 0.10 to 0.92 over the past decade. While the company's 10-year median is 0.44 vs. the industry median of 2.57, Dev Information Technology 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 2.57, based on 2,849 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. Dev Information Technology's current Cash-to-Debt of 0.20 is 92.2% 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 2.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dev Information Technology's current Cash-to-Debt is 0.20, which is 55% below median its own 10-year median of 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dev Information Technology stock overvalued right now?
Based on GuruFocus' analysis, Dev Information Technology (NSE:DEVIT) is currently considered Possible Value Trap. The stock's GF Value™ is ₹57.71, compared to a current price of ₹25.25 — trading 56.2% below its estimated fair value. The current Cash-to-Debt is 0.20, which is 55% below median its 10-year median of 0.44 and 92.2% below the Software industry median of 2.57. Dev Information Technology's overall GF Score™ is 69/100 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 Dev Information Technology (NSE:DEVIT), the current Cash-to-Debt is 0.20 as of Mar. 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 Dev Information Technology (NSE:DEVIT) Overvalued in 2026?
Based on GuruFocus' analysis, Dev Information Technology stock appears to be undervalued.
The current stock price of ₹25.25 is trading 56.2% below its estimated GF Value™ of ₹57.71.
GuruFocus considers Dev Information Technology to be Possible Value Trap.
Key valuation signals for NSE:DEVIT:
Cash-to-Debt: 0.20 (55% below median its 10-year median of 0.44)
GF Value™: ₹57.71 vs. price of ₹25.25 (56.2% below fair value)
Industry Position: 92.2% below the Software median (#2479 of 2849)
No single metric tells the full story. See the NSE:DEVIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dev Information Technology Ltd is engaged in providing information technology solutions and consultancy services in India. It offers advisory, architecture, implementation, and support services. The company provides various services namely enterprise applications and mobility, infrastructure management, cloud computing, digital services and licensing among others. It operates in a single segment being IT and IT enabled services.
69GF Score
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