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ROX Hi-Tech (NSE:ROXHITECH) Cash-to-Debt : 0.00 (As of Mar. 2023)


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What is ROX Hi-Tech 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. ROX Hi-Tech's cash to debt ratio for the quarter that ended in Mar. 2023 was 0.00.

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, ROX Hi-Tech couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

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

During the past 3 years, ROX Hi-Tech's highest Cash to Debt Ratio was 0.30. The lowest was 0.00. And the median was 0.19.

NSE:ROXHITECH's Cash-to-Debt is not ranked *
in the Software industry.
Industry Median: 2.47
* Ranked among companies with meaningful Cash-to-Debt only.

ROX Hi-Tech Cash-to-Debt Historical Data

The historical data trend for ROX Hi-Tech'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.

ROX Hi-Tech Cash-to-Debt Chart

ROX Hi-Tech Annual Data
Trend Mar21 Mar22 Mar23
Cash-to-Debt
0.30 0.08 -

ROX Hi-Tech Semi-Annual Data
Mar21 Mar22 Mar23
Cash-to-Debt 0.30 0.08 -

Competitive Comparison of ROX Hi-Tech's Cash-to-Debt

For the Information Technology Services subindustry, ROX Hi-Tech'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.

ROX Hi-Tech's Cash-to-Debt Distribution in the Software Industry

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

* The bar in red indicates where ROX Hi-Tech's Cash-to-Debt falls into.


ROX Hi-Tech 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.

ROX Hi-Tech'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)
=0.112 / (192.004 + 33.832)
=0.00

ROX Hi-Tech's Cash to Debt Ratio for the quarter 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)
=0.112 / (192.004 + 33.832)
=0.00

* 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.

ROX Hi-Tech  (NSE:ROXHITECH) 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.

ROX Hi-Tech Cash-to-Debt Related Terms

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ROX Hi-Tech (NSE:ROXHITECH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » ROX Hi-Tech Ltd (NSE:ROXHITECH) » Definitions » Cash-to-Debt
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Traded in Other Exchanges
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Address
Mahalingapuram Main Road, Old No.101B, New No.160, 1st & 3rd Floor, Nungambakkam, Chennai, TN, IND, 600034
Website
https://www.rox.co.in
ROX Hi-Tech Ltd is a customer-centric IT solutions provider committed to excellence. It offers a comprehensive range of distributed IT solutions, including consulting, enterprise and end-user computing, managed print, and network services. The company is India's leading end-to-end IT solution provider.

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