Neogrid Participacoes (BSP:NGRD3) Cash-to-Debt : 2.48 (As of Dec. 2023)

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What is Neogrid Participacoes 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. Neogrid Participacoes's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.48.

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, Neogrid Participacoes could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

BSP:NGRD3' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.6 Max: 2.86
Current: 2.48

During the past 9 years, Neogrid Participacoes's highest Cash to Debt Ratio was 2.86. The lowest was 0.03. And the median was 0.60.

BSP:NGRD3's Cash-to-Debt is ranked better than
50.32% of 2792 companies
in the Software industry
Industry Median: 2.415 vs BSP:NGRD3: 2.48

Neogrid Participacoes Cash-to-Debt Historical Data

The historical data trend for Neogrid Participacoes'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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Neogrid Participacoes Cash-to-Debt Chart

Neogrid Participacoes Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.19

2.86

1.75

1.80

2.48

Neogrid Participacoes Quarterly Data
	Dec16	Dec17	Dec18	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.80	1.92	1.85	2.43	2.48

Competitive Comparison of Neogrid Participacoes's Cash-to-Debt

For the Software - Application subindustry, Neogrid Participacoes'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.

Neogrid Participacoes's Cash-to-Debt Distribution in the Software Industry

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

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

Neogrid Participacoes 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.

Neogrid Participacoes's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	177.328	/	(22.504	+	49.104)
	=	2.48

Neogrid Participacoes's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	177.328	/	(22.504	+	49.104)
	=	2.48

Neogrid Participacoes (BSP:NGRD3) 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.

Neogrid Participacoes Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Neogrid Participacoes's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Neogrid Participacoes (BSP:NGRD3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Neogrid Participacoes SA (BSP:NGRD3) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

AV. Santos Dumont, 935, Santo Antonio, Joninville, SC, BRA, 89218-105

Website

https://www.neogrid.com

Neogrid Participacoes SA is engaged in investing in other companies or partnerships, businesses and undertakings of any nature. The company is focused on Software as a Service (SaaS), data and technology that solves key challenges for the supply chain. With solutions that integrate and synchronize operations of manufacturers, distributors, and retailers, it ensures that products are well distributed, sized and allocated. increasing the efficiency of customers, reducing the high costs related to waste and inventory shortages and excesses and freeing up working capital. Offering SaaS solutions is the primary source of revenue generation through subscription to the Neogrid solution platform.

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