Bytes Technology Group (LSE:BYIT) Cash-to-Debt : 38.04 (As of Aug. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Bytes Technology Group 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. Bytes Technology Group's cash to debt ratio for the quarter that ended in Aug. 2023 was 38.04.

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, Bytes Technology Group could pay off its debt using the cash in hand for the quarter that ended in Aug. 2023.

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

LSE:BYIT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 35.91 Max: No Debt
Current: 38.04

During the past 6 years, Bytes Technology Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.12. And the median was 35.91.

LSE:BYIT's Cash-to-Debt is ranked better than
80.21% of 2799 companies
in the Software industry
Industry Median: 2.45 vs LSE:BYIT: 38.04

Bytes Technology Group Cash-to-Debt Historical Data

The historical data trend for Bytes Technology Group'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.

* Premium members only.

Bytes Technology Group Cash-to-Debt Chart

Bytes Technology Group Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

29.56

15.05

57.03

73.61

Bytes Technology Group Semi-Annual Data
	Feb18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Cash-to-Debt	Get a 7-Day Free Trial						33.77	57.03	32.96	73.61	38.04

Competitive Comparison of Bytes Technology Group's Cash-to-Debt

For the Software - Infrastructure subindustry, Bytes Technology Group'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.

Bytes Technology Group's Cash-to-Debt Distribution in the Software Industry

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

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

Bytes Technology Group 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.

Bytes Technology Group's Cash to Debt Ratio for the fiscal year that ended in Feb. 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)
	=	73.019	/	(0.075	+	0.917)
	=	73.61

Bytes Technology Group's Cash to Debt Ratio for the quarter that ended in Aug. 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)
	=	51.663	/	(0.188	+	1.17)
	=	38.04

Bytes Technology Group (LSE:BYIT) 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.

Bytes Technology Group Cash-to-Debt Related Terms

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

Bytes Technology Group (LSE:BYIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bytes Technology Group PLC (LSE:BYIT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BYI:South Africa BYITl:UK 9NY:Germany

Address

Randalls Way, Bytes House, Leatherhead, Surrey, GBR, KT22 7TW

Website

https://www.bytesplc.com

Bytes Technology Group PLC provides IT solutions and services, offering software, hardware and cloud services. It enables effective and cost-efficient technology sourcing, adoption and management across software, security and cloud services. The company's brands include Bytes Software Services (BSS) and Phoenix Software. It generates a majority of its revenue from Software.

Bytes Technology Group (LSE:BYIT) Headlines

No Headlines