DRC Systems India (NSE:DRCSYSTEMS) Cash-to-Debt : 10.25 (As of Mar. 2024)

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What is DRC Systems India 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. DRC Systems India's cash to debt ratio for the quarter that ended in Mar. 2024 was 10.25.

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, DRC Systems India 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 DRC Systems India's Cash-to-Debt or its related term are showing as below:

NSE:DRCSYSTEMS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: No Debt Max: No Debt
Current: 10.25

During the past 7 years, DRC Systems India's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was No Debt.

NSE:DRCSYSTEMS's Cash-to-Debt is ranked better than
67.86% of 2803 companies
in the Software industry
Industry Median: 2.57 vs NSE:DRCSYSTEMS: 10.25

DRC Systems India Cash-to-Debt Historical Data

The historical data trend for DRC Systems India'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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DRC Systems India Cash-to-Debt Chart

DRC Systems India Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.03

3.92

10.25

DRC Systems India Quarterly Data
	Mar18	Mar19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial													No Debt	3.92	No Debt	N/A	10.25

Competitive Comparison of DRC Systems India's Cash-to-Debt

For the Information Technology Services subindustry, DRC Systems India'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.

DRC Systems India's Cash-to-Debt Distribution in the Software Industry

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

* The bar in red indicates where DRC Systems India's Cash-to-Debt falls into.

DRC Systems India 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.

DRC Systems India'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)
	=	76.99	/	(1.45	+	6.06)
	=	10.25

DRC Systems India'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)
	=	76.99	/	(1.45	+	6.06)
	=	10.25

DRC Systems India (NSE:DRCSYSTEMS) 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.

DRC Systems India Cash-to-Debt Related Terms

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DRC Systems India (NSE:DRCSYSTEMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » DRC Systems India Ltd (NSE:DRCSYSTEMS) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

543268:India

Address

Block No. 56, Road - 5C, Zone - 5, 24th Floor, GIFT Two Building, Gift CIty, Taluka & District - Gandhinagar, Gandhinagar, GJ, IND, 382 355

Website

https://www.drcsystems.com

DRC Systems India Ltd is a software development outsourcing company in India providing information technology services to customers in India and other countries. Geographically maximum revenue is generated from international markets.

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