HRH Next Services (NSE:HRHNEXT) Cash-to-Debt : 0.01 (As of Sep. 2023)

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What is HRH Next Services 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. HRH Next Services's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.01.

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, HRH Next Services 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 HRH Next Services's Cash-to-Debt or its related term are showing as below:

NSE:HRHNEXT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.38
Current: 0.01

During the past 3 years, HRH Next Services's highest Cash to Debt Ratio was 0.38. The lowest was 0.01. And the median was 0.03.

NSE:HRHNEXT's Cash-to-Debt is ranked worse than
98.71% of 2801 companies
in the Software industry
Industry Median: 2.51 vs NSE:HRHNEXT: 0.01

HRH Next Services Cash-to-Debt Historical Data

The historical data trend for HRH Next Services'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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HRH Next Services Cash-to-Debt Chart

HRH Next Services Annual Data

Trend

Mar21

Mar22

Mar23

Cash-to-Debt

0.38

0.04

0.01

HRH Next Services Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23
Cash-to-Debt	0.38	0.04	0.01	0.01

Competitive Comparison of HRH Next Services's Cash-to-Debt

For the Information Technology Services subindustry, HRH Next Services'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.

HRH Next Services's Cash-to-Debt Distribution in the Software Industry

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

* The bar in red indicates where HRH Next Services's Cash-to-Debt falls into.

HRH Next Services 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.

HRH Next Services'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)
	=	1.253	/	(85.574	+	13.483)
	=	0.01

HRH Next Services'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)
	=	1.32	/	(97.57	+	10.808)
	=	0.01

HRH Next Services (NSE:HRHNEXT) 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.

HRH Next Services Cash-to-Debt Related Terms

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HRH Next Services (NSE:HRHNEXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » HRH Next Services Ltd (NSE:HRHNEXT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abid Road, C/o G.J. House, 2nd Floor, 4-1-976, Hyderabad, TG, IND, 500001

Website

https://www.hrhnext.com

HRH Next Services Ltd is engaged in Business Process Outsourcing (BPO) offering a comprehensive suite of Call Centre Services, covering Inbound Services, Outbound Services, Backend Support, Chat Support, Email Support and provides efficient end-to-end solutions.

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