G Tec Jainx Education (NSE:GTECJAINX) Cash-to-Debt : 1.53 (As of Sep. 2023)

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What is G Tec Jainx Education 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. G Tec Jainx Education's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.53.

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, G Tec Jainx Education could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(1) 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.

The historical rank and industry rank for G Tec Jainx Education's Cash-to-Debt or its related term are showing as below:

NSE:GTECJAINX' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.53 Med: No Debt Max: No Debt
Current: 1.53

During the past 7 years, G Tec Jainx Education's highest Cash to Debt Ratio was No Debt. The lowest was 1.53. And the median was No Debt.

NSE:GTECJAINX's Cash-to-Debt is ranked better than
52.65% of 264 companies
in the Education industry
Industry Median: 1.285 vs NSE:GTECJAINX: 1.53

G Tec Jainx Education Cash-to-Debt Historical Data

The historical data trend for G Tec Jainx Education'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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G Tec Jainx Education Cash-to-Debt Chart

G Tec Jainx Education Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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No Debt

G Tec Jainx Education Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															N/A	No Debt	N/A	No Debt	1.53

Competitive Comparison of G Tec Jainx Education's Cash-to-Debt

For the Education & Training Services subindustry, G Tec Jainx Education'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.

G Tec Jainx Education's Cash-to-Debt Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, G Tec Jainx Education's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where G Tec Jainx Education's Cash-to-Debt falls into.

G Tec Jainx Education 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.

G Tec Jainx Education's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

G Tec Jainx Education had no debt ⁽¹⁾.

G Tec Jainx Education'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)
	=	7.65	/	(0	+	5)
	=	1.53

G Tec Jainx Education (NSE:GTECJAINX) 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.

G Tec Jainx Education Cash-to-Debt Related Terms

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G Tec Jainx Education (NSE:GTECJAINX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » G Tec Jainx Education Ltd (NSE:GTECJAINX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Pinnacle Corporate Park, Bandra Kurla Complex, Unit No. 12/A, Ninth Floor, A?Wing, Bandra East, Mumbai, MH, IND, 400051

Website

https://www.keerti.org

G Tec Jainx Education Ltd Formerly Keerti Knowledge and Skills Ltd operates as an Information Technology training institute. The company's services include basic computer knowledge, internet, surfing, computer courses like Microsoft Office, accounting and financial management, inventory management, also various Programming Languages such as C++, .Net, Java, and Oracle, among others.

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