Micropro Software Solutions (NSE:MICROPRO) Cash-to-Debt : 0.46 (As of Mar. 2023)

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What is Micropro Software Solutions 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. Micropro Software Solutions's cash to debt ratio for the quarter that ended in Mar. 2023 was 0.46.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Micropro Software Solutions couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

The historical rank and industry rank for Micropro Software Solutions's Cash-to-Debt or its related term are showing as below:

NSE:MICROPRO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.42 Med: 0.46 Max: 0.67
Current: 0.46

During the past 3 years, Micropro Software Solutions's highest Cash to Debt Ratio was 0.67. The lowest was 0.42. And the median was 0.46.

NSE:MICROPRO's Cash-to-Debt is ranked worse than
76.64% of 2800 companies
in the Software industry
Industry Median: 2.44 vs NSE:MICROPRO: 0.46

Micropro Software Solutions Cash-to-Debt Historical Data

The historical data trend for Micropro Software Solutions'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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Micropro Software Solutions Cash-to-Debt Chart

Micropro Software Solutions Annual Data

Trend

Mar21

Mar22

Mar23

Cash-to-Debt

0.67

0.42

0.46

Micropro Software Solutions Semi-Annual Data
	Mar21	Mar22	Mar23
Cash-to-Debt	0.67	0.42	0.46

Competitive Comparison of Micropro Software Solutions's Cash-to-Debt

For the Information Technology Services subindustry, Micropro Software Solutions'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.

Micropro Software Solutions's Cash-to-Debt Distribution in the Software Industry

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

* The bar in red indicates where Micropro Software Solutions's Cash-to-Debt falls into.

Micropro Software Solutions 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.

Micropro Software Solutions'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)
	=	18.149	/	(25	+	14.797)
	=	0.46

Micropro Software Solutions'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)
	=	18.149	/	(25	+	14.797)
	=	0.46

Micropro Software Solutions (NSE:MICROPRO) 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.

Micropro Software Solutions Cash-to-Debt Related Terms

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Micropro Software Solutions (NSE:MICROPRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Micropro Software Solutions Ltd (NSE:MICROPRO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gayatri Nagar Road, Plot NO. 28, 102 Wing A, 7th Floor, VIPL IT Park Building, Nagpur, MH, IND, 440022

Website

https://www.microproindia.com

Micropro Software Solutions Ltd is engaged in the business of providing software development, maintenance services as well as trading of hardware and software products. The company provides consulting along with technical services and IT solutions to its clients across different industries. The services offered by the company include IT Infrastructure Management, Manpower Services, Network and Security Services among others. It also offers software products such as HospyCare, OpenSys-Logix, OpenSys MicroBooks and others.

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