Tata Consultancy Services (NSE:TCS) Cash-to-Debt : 5.79 (As of Mar. 2024)

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What is Tata Consultancy Services 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. Tata Consultancy Services's cash to debt ratio for the quarter that ended in Mar. 2024 was 5.79.

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, Tata Consultancy Services 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 Tata Consultancy Services's Cash-to-Debt or its related term are showing as below:

NSE:TCS' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.37 Med: 16.13 Max: 78.39
Current: 5.79

During the past 13 years, Tata Consultancy Services's highest Cash to Debt Ratio was 78.39. The lowest was 4.37. And the median was 16.13.

NSE:TCS's Cash-to-Debt is ranked better than
61.21% of 2792 companies
in the Software industry
Industry Median: 2.44 vs NSE:TCS: 5.79

Tata Consultancy Services Cash-to-Debt Historical Data

The historical data trend for Tata Consultancy Services'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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Tata Consultancy Services Cash-to-Debt Chart

Tata Consultancy Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

4.37

4.93

6.18

6.14

5.79

Tata Consultancy Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															6.14	7.32	7.09	N/A	5.79

Competitive Comparison of Tata Consultancy Services's Cash-to-Debt

For the Information Technology Services subindustry, Tata Consultancy Services'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.

Tata Consultancy Services's Cash-to-Debt Distribution in the Software Industry

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

* The bar in red indicates where Tata Consultancy Services's Cash-to-Debt falls into.

Tata Consultancy Services 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.

Tata Consultancy Services'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)
	=	464700	/	(15050	+	65160)
	=	5.79

Tata Consultancy Services'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)
	=	464700	/	(15050	+	65160)
	=	5.79

Tata Consultancy Services (NSE:TCS) 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.

Tata Consultancy Services Cash-to-Debt Related Terms

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Tata Consultancy Services (NSE:TCS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tata Consultancy Services Ltd (NSE:TCS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

532540:India

Address

Raveline Street, TCS House, Fort, Mumbai, MH, IND, 400001

Website

http://www.tcs.com

Tata Consultancy Services is a leading global IT services provider, with nearly 450,000 employees. Based in Mumbai, the India IT services firm leverages its offshore outsourcing model to derive half of its revenue from North America. The company offers traditional IT services offerings: consulting, managed services, and cloud infrastructure services as well as business process outsourcing as a service, or BPaaS.