Protean eGov Technologies (BOM:544021) Cash-to-Debt : 2.81 (As of Mar. 2023)

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What is Protean eGov 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. Protean eGov Technologies's cash to debt ratio for the quarter that ended in Mar. 2023 was 2.81.

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, Protean eGov Technologies could pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

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

BOM:544021' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.81 Med: 13.72 Max: 22.43
Current: 2.81

During the past 3 years, Protean eGov Technologies's highest Cash to Debt Ratio was 22.43. The lowest was 2.81. And the median was 13.72.

BOM:544021's Cash-to-Debt is ranked better than
51.82% of 2798 companies
in the Software industry
Industry Median: 2.42 vs BOM:544021: 2.81

Protean eGov Technologies Cash-to-Debt Historical Data

The historical data trend for Protean eGov 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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Protean eGov Technologies Cash-to-Debt Chart

Protean eGov Technologies Annual Data

Trend

Mar21

Mar22

Mar23

Cash-to-Debt

13.72

22.43

2.81

Protean eGov Technologies Semi-Annual Data
	Mar21	Mar22	Mar23
Cash-to-Debt	13.72	22.43	2.81

Competitive Comparison of Protean eGov Technologies's Cash-to-Debt

For the Information Technology Services subindustry, Protean eGov 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.

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

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

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

Protean eGov 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.

Protean eGov Technologies'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)
	=	222.41	/	(39.72	+	39.51)
	=	2.81

Protean eGov Technologies's Cash to Debt Ratio for the quarter 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)
	=	222.41	/	(39.72	+	39.51)
	=	2.81

Protean eGov Technologies (BOM:544021) 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.

Protean eGov Technologies Cash-to-Debt Related Terms

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Protean eGov Technologies (BOM:544021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Protean eGov Technologies Ltd (BOM:544021) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Senapati Bapat Marg, Times Tower, 1st Floor, Kamala Mills Compound, Lower Parel, Mumbai, MH, IND, 400 013

Website

https://www.proteantech.in

Protean eGov Technologies Ltd is a key IT-enabled solutions company in India. It is engaged in conceptualizing, developing and executing nationally critical and population-scale greenfield technology solutions.

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