Synoptics Technologies (NSE:SYNOPTICS) Cash-to-Debt : 0.12 (As of Mar. 2022)

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What is Synoptics Technologies 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. Synoptics Technologies's cash to debt ratio for the quarter that ended in Mar. 2022 was 0.12.

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, Synoptics Technologies couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2022.

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

NSE:SYNOPTICS's Cash-to-Debt is not ranked ^*
in the Software industry.
Industry Median: 2.55
* Ranked among companies with meaningful Cash-to-Debt only.

Synoptics Technologies Cash-to-Debt Historical Data

The historical data trend for Synoptics Technologies'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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Synoptics Technologies Cash-to-Debt Chart

Synoptics Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Cash-to-Debt

0.22

0.07

0.12

Synoptics Technologies Semi-Annual Data
	Mar20	Mar21	Mar22
Cash-to-Debt	0.22	0.07	0.12

Competitive Comparison of Synoptics Technologies's Cash-to-Debt

For the Information Technology Services subindustry, Synoptics Technologies'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.

Synoptics Technologies's Cash-to-Debt Distribution in the Software Industry

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

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

Synoptics Technologies 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.

Synoptics Technologies's Cash to Debt Ratio for the fiscal year that ended in Mar. 2022 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)
	=	16.568	/	(86.521	+	54.482)
	=	0.12

Synoptics Technologies's Cash to Debt Ratio for the quarter that ended in Mar. 2022 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)
	=	16.568	/	(86.521	+	54.482)
	=	0.12

Synoptics Technologies (NSE:SYNOPTICS) 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.

Synoptics Technologies Cash-to-Debt Related Terms

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Synoptics Technologies (NSE:SYNOPTICS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Synoptics Technologies Ltd (NSE:SYNOPTICS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

301, A-Wing, 3rd Floor, Interface 16, Mindspace, Malad (West), Mumbai, MH, IND, 400064

Website

https://synoptics.co.in

Synoptics Technologies Ltd is an IT Services company offering solutions in the areas of IT Infrastructure like connectivity to the Branches, Supply, implementation and support of the network equipment needed to run the IT setup like routers, switches, etc. The company designs the solution for customers who need to put their applications on Cloud. It helps with the application migration and manages the setup in the cloud. It aims to reduce the Total Cost of Ownership (TCO) and increase Return on Investment (RoI) for its customers to adopt any kind of Digital Transformation use case with its technology-led and innovation-driven approach.

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