Systango Technologies (NSE:SYSTANGO) Cash-to-Debt : 662.27 (As of Mar. 2024)

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What is Systango 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. Systango Technologies's cash to debt ratio for the quarter that ended in Mar. 2024 was 662.27.

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

NSE:SYSTANGO' s Cash-to-Debt Range Over the Past 10 Years
Min: 59.57 Med: 80.56 Max: No Debt
Current: 662.27

During the past 5 years, Systango Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 59.57. And the median was 80.56.

NSE:SYSTANGO's Cash-to-Debt is ranked better than
89.49% of 2798 companies
in the Software industry
Industry Median: 2.55 vs NSE:SYSTANGO: 662.27

Systango Technologies Cash-to-Debt Historical Data

The historical data trend for Systango 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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Systango Technologies Cash-to-Debt Chart

Systango Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

No Debt

59.57

80.56

79.26

662.27

Systango Technologies Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial			80.56	53.94	79.26	108.17	662.27

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

For the Software - Infrastructure subindustry, Systango 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.

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

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

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

Systango 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.

Systango Technologies'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)
	=	610.617	/	(0	+	0.922)
	=	662.27

Systango Technologies'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)
	=	610.617	/	(0	+	0.922)
	=	662.27

Systango Technologies (NSE:SYSTANGO) 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.

Systango Technologies Cash-to-Debt Related Terms

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Systango Technologies (NSE:SYSTANGO) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ring Road, 3rd Floor (LHS), STP-I Crystal IT Park, Indore, MP, IND, 452010

Website

https://www.systango.com

Systango Technologies Ltd is engaged in the business of providing software solutions to design, implement, and manage their own Customized Digital Platforms including Web2, Web3, and Mobile applications, with an emphasis on data and analytics. The range of software solutions provided by the company is wide and includes website development, mobile app development for both IOS and Android applications, web3 development, decentralized finance, data engineering, implementation of blockchain, cloud computing, and digital marketing. Systango offers its services across various sectors like Hospitality, Property Tech, Financial Services, Fantasy Sports, and many others.

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