Digikore Studios (NSE:DIGIKORE) Cash-to-Debt : 0.03 (As of Sep. 2024)

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What is Digikore Studios 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. Digikore Studios's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.03.

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, Digikore Studios couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

NSE:DIGIKORE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.08
Current: 0.03

During the past 4 years, Digikore Studios's highest Cash to Debt Ratio was 0.08. The lowest was 0.00. And the median was 0.03.

NSE:DIGIKORE's Cash-to-Debt is ranked worse than
94.5% of 1036 companies
in the Media - Diversified industry
Industry Median: 1.32 vs NSE:DIGIKORE: 0.03

Digikore Studios Cash-to-Debt Historical Data

The historical data trend for Digikore Studios'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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Digikore Studios Cash-to-Debt Chart

Digikore Studios Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

0.01

0.03

0.08

Digikore Studios Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial			-	0.03	N/A	0.08	0.03

Competitive Comparison of Digikore Studios's Cash-to-Debt

For the Entertainment subindustry, Digikore Studios'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.

Digikore Studios's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Digikore Studios's Cash-to-Debt distribution charts can be found below:

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

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Digikore Studios 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.

Digikore Studios's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	6.994	/	(6.825	+	80.346)
	=	0.08

Digikore Studios's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	6.402	/	(166.61	+	86)
	=	0.03

Digikore Studios (NSE:DIGIKORE) 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.

Digikore Studios Cash-to-Debt Related Terms

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Digikore Studios Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Digikore Studios Ltd (NSE:DIGIKORE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lalwani Tirumph, 4th Floor, Sakore Nagar, Viman Nagar, Pune, MH, IND, 411014

Website

https://www.digikorevfx.com

Digikore Studios Ltd serves as a hub for top-tier industry talent. Having a production facility in India, It specializes in delivering Visual Effects (VFX) for a diverse range of projects such as Films, Web Series, TV Series, Documentaries, and Commercials, all while maintaining emphasis on cost-effectiveness. The company provides Visual Effects services such as Animation, Comics, Roto, matchmaking, paints for Films, TV series, Web series, Documentaries & commercials, and the creation of sets for virtual Production. Geographically, the company generates the majority of its revenue from Outside India.

Digikore Studios Headlines

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