TAC Infosec (NSE:TAC) Cash-to-Debt : 11.31 (As of Sep. 2023)

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What is TAC Infosec 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. TAC Infosec's cash to debt ratio for the quarter that ended in Sep. 2023 was 11.31.

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, TAC Infosec could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

NSE:TAC's Cash-to-Debt is not ranked ^*
in the Software industry.
Industry Median: 2.4
* Ranked among companies with meaningful Cash-to-Debt only.

TAC Infosec Cash-to-Debt Historical Data

The historical data trend for TAC Infosec'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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TAC Infosec Cash-to-Debt Chart

TAC Infosec Annual Data

Trend

Mar21

Mar22

Mar23

Cash-to-Debt

9.32

1.93

8.00

TAC Infosec Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23
Cash-to-Debt	9.32	1.93	8.00	11.31

Competitive Comparison of TAC Infosec's Cash-to-Debt

For the Software - Application subindustry, TAC Infosec'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.

TAC Infosec's Cash-to-Debt Distribution in the Software Industry

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

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

TAC Infosec 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.

TAC Infosec'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)
	=	28.737	/	(1.973	+	1.619)
	=	8.00

TAC Infosec's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	31.314	/	(1.978	+	0.79)
	=	11.31

TAC Infosec (NSE:TAC) 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.

TAC Infosec Cash-to-Debt Related Terms

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TAC Infosec Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TAC Infosec Ltd (NSE:TAC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

CST Road, 91 Springboard, Kagalwala House, 01st Floor, C Block, 175, CST Road, Kalina, Santacruz East, Mumbai, MH, IND, 400098

Website

https://www.tacsecurity.com

TAC Infosec Ltd is engaged in the business of providing risk-based vulnerability management and assessment solutions, cybersecurity quantification, and services of Penetration testing to organizations of any scale, size, and business through the SaaS model. It offers security software products and solutions both in India and internationally. and its end customers are Banks and Financial Institutions, government regulatory bodies and departments, and large-scale enterprises (including business offices) like HDFC, Bandhan Bank, BSE, etc. Its flagship software product is ESOF (Enterprise Security in One Framework) which is a vulnerability management platform consisting of various product portfolios namely ESOF Appsec, ESOF VMP, ESOF VACA, ESOF PCI ASV, and ESOF CRQ.