TASK Group Holdings (ASX:TSK) Cash-to-Debt : 5.09 (As of Sep. 2023)

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What is TASK Group Holdings 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. TASK Group Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 5.09.

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, TASK Group Holdings 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 TASK Group Holdings's Cash-to-Debt or its related term are showing as below:

ASX:TSK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.43 Med: 13.66 Max: No Debt
Current: 5.09

During the past 13 years, TASK Group Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.43. And the median was 13.66.

ASX:TSK's Cash-to-Debt is ranked better than
59.53% of 2723 companies
in the Software industry
Industry Median: 2.49 vs ASX:TSK: 5.09

TASK Group Holdings Cash-to-Debt Historical Data

The historical data trend for TASK Group Holdings'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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TASK Group Holdings Cash-to-Debt Chart

TASK Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

6.24

21.08

1.30

4.15

TASK Group Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															6.22	1.30	No Debt	4.15	5.09

Competitive Comparison of TASK Group Holdings's Cash-to-Debt

For the Software - Application subindustry, TASK Group Holdings'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.

TASK Group Holdings's Cash-to-Debt Distribution in the Software Industry

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

* The bar in red indicates where TASK Group Holdings's Cash-to-Debt falls into.

TASK Group Holdings 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.

TASK Group Holdings'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)
	=	26.357	/	(1.371	+	4.983)
	=	4.15

TASK Group Holdings'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)
	=	28.674	/	(1.147	+	4.487)
	=	5.09

TASK Group Holdings (ASX:TSK) 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.

TASK Group Holdings Cash-to-Debt Related Terms

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

TASK Group Holdings (ASX:TSK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TASK Group Holdings Ltd (ASX:TSK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Graham Street, Level 2, Auckland, NZL, 1010

Website

https://TASKsoftware.com

TASK Group Holdings Ltd is a provider of technology solutions enabling its various hospitality clients to maximize their customer relationships in an increasingly digital world. TASK's end-to-end cloud-based platform helps clients to improve customer experiences across every transactional touchpoint, including digital customer-facing services, back-ofhouse and enterprise operations. The Group's ecosystem combines transaction services, personalisation, offer management and BI technology to help clients generate operational efficiencies, drive valuable data insights about their consumer base, activate new promotions and build brand loyalty.

TASK Group Holdings (ASX:TSK) Headlines

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