Ideaforge Technology (NSE:IDEAFORGE) Cash-to-Debt : 19.52 (As of Sep. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Ideaforge Technology 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. Ideaforge Technology's cash to debt ratio for the quarter that ended in Sep. 2024 was 19.52.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Ideaforge Technology could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

NSE:IDEAFORGE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24 Med: 3.52 Max: 28.19
Current: 19.52

During the past 5 years, Ideaforge Technology's highest Cash to Debt Ratio was 28.19. The lowest was 0.24. And the median was 3.52.

NSE:IDEAFORGE's Cash-to-Debt is ranked better than
83.29% of 2454 companies
in the Hardware industry
Industry Median: 1.285 vs NSE:IDEAFORGE: 19.52

Ideaforge Technology Cash-to-Debt Historical Data

The historical data trend for Ideaforge Technology'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.

* Premium members only.

Ideaforge Technology Cash-to-Debt Chart

Ideaforge Technology Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

1.97

0.24

2.79

1.56

24.47

Ideaforge Technology Quarterly Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial								28.19	N/A	24.47	N/A	19.52

Competitive Comparison of Ideaforge Technology's Cash-to-Debt

For the Computer Hardware subindustry, Ideaforge 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.

Ideaforge Technology's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ideaforge Technology's Cash-to-Debt distribution charts can be found below:

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

Ideaforge Technology 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.

Ideaforge Technology'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)
	=	3545.18	/	(39.77	+	105.14)
	=	24.46

Ideaforge Technology'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)
	=	3098.68	/	(55.97	+	102.74)
	=	19.52

Ideaforge Technology (NSE:IDEAFORGE) 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.

Ideaforge Technology Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Ideaforge Technology's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Ideaforge Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ideaforge Technology Ltd (NSE:IDEAFORGE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

543932:India

Address

Electronic Zone MIDC, EL-146, TTC Industrial Area, Mahape, Thane, Navi Mumbai, MH, IND, 400710

Website

https://www.ideaforgetech.com

Ideaforge Technology Ltd is the pioneer and the pre-eminent market leader in the Indian Unmanned Aircraft Systems (UAS) market. It earns revenue from the Sale of service which includes maintenance services, training services, and other services. The company is exclusively engaged in the business of manufacturing and marketing UAV systems which are used for security and surveillance. The ancillary business of providing training and maintenance services evolve around the main business of manufacture and marketing of UAV systems.

Ideaforge Technology Headlines

No Headlines