Kody Technolab (NSE:KODYTECH) Cash-to-Debt : 8.16 (As of Mar. 2024)

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What is Kody Technolab 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. Kody Technolab's cash to debt ratio for the quarter that ended in Mar. 2024 was 8.16.

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, Kody Technolab could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

NSE:KODYTECH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.08 Max: 8.16
Current: 8.16

During the past 4 years, Kody Technolab's highest Cash to Debt Ratio was 8.16. The lowest was 0.02. And the median was 0.08.

NSE:KODYTECH's Cash-to-Debt is ranked better than
64.83% of 2801 companies
in the Software industry
Industry Median: 2.51 vs NSE:KODYTECH: 8.16

Kody Technolab Cash-to-Debt Historical Data

The historical data trend for Kody Technolab'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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Kody Technolab Cash-to-Debt Chart

Kody Technolab Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

0.06

0.10

0.02

8.16

Kody Technolab Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Cash-to-Debt	0.06	0.10	0.02	8.16

Competitive Comparison of Kody Technolab's Cash-to-Debt

For the Information Technology Services subindustry, Kody Technolab'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.

Kody Technolab's Cash-to-Debt Distribution in the Software Industry

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

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

Kody Technolab 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.

Kody Technolab'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)
	=	81.361	/	(0	+	9.966)
	=	8.16

Kody Technolab's Cash to Debt Ratio for the quarter 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)
	=	81.361	/	(0	+	9.966)
	=	8.16

Kody Technolab (NSE:KODYTECH) 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.

Kody Technolab Cash-to-Debt Related Terms

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Kody Technolab (NSE:KODYTECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Kody Technolab Ltd (NSE:KODYTECH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2nd Floor, Block-J, Safal Monde, Near Iscon Mall, Near Rajpathclub, S.G Highway, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

https://www.kodytechnolab.com

Kody Technolab Ltd is a company is in business of software development services to a diverse set of industries. It is a full stack development company that provides innovative and cutting-edge digital solutions to the clients. It specializes in helping businesses undergo Digital Transformation by leveraging the latest technologies and trends. They offer a wide range of services that include custom development, AI Consultation & Implementation, IOT Services, and IT consulting services.

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