Slone Infosystems (NSE:SLONE) Cash-to-Debt : 0.52 (As of Sep. 2024)

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What is Slone Infosystems 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. Slone Infosystems's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.52.

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, Slone Infosystems 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 Slone Infosystems's Cash-to-Debt or its related term are showing as below:

NSE:SLONE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.12 Max: 0.52
Current: 0.52

During the past 3 years, Slone Infosystems's highest Cash to Debt Ratio was 0.52. The lowest was 0.06. And the median was 0.12.

NSE:SLONE's Cash-to-Debt is ranked worse than
72.11% of 2445 companies
in the Hardware industry
Industry Median: 1.45 vs NSE:SLONE: 0.52

Slone Infosystems Cash-to-Debt Historical Data

The historical data trend for Slone Infosystems'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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Slone Infosystems Cash-to-Debt Chart

Slone Infosystems Annual Data

Trend

Mar21

Mar22

Mar23

Cash-to-Debt

0.08

0.16

0.06

Slone Infosystems Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
Cash-to-Debt	0.08	0.16	0.06	N/A	0.52

Competitive Comparison of Slone Infosystems's Cash-to-Debt

For the Electronics & Computer Distribution subindustry, Slone Infosystems'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.

Slone Infosystems's Cash-to-Debt Distribution in the Hardware Industry

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

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

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Slone Infosystems 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.

Slone Infosystems'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)
	=	1.659	/	(0	+	27.403)
	=	0.06

Slone Infosystems'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)
	=	41.447	/	(80.272	+	0)
	=	0.52

Slone Infosystems (NSE:SLONE) 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.

Slone Infosystems Cash-to-Debt Related Terms

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Slone Infosystems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Slone Infosystems Ltd (NSE:SLONE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

5th Road Khar West, Ground Floor, Mohini Heights CHS LTD, Behind Rajasthan Hotel, Khar Delivery, Mumbai, MH, IND, 400052

Website

https://www.sloneinfosystems.com

Slone Infosystems Ltd is an IT hardware solutions company based in India. The company is involved in the sale and rental of IT equipment such as laptops, desktops, servers, and workstations. Additionally, the company offers IT service solutions including managing cloud servers and servicing IT equipment for corporate clients.

Slone Infosystems Headlines

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