Tata Technologies (NSE:TATATECH) Cash-to-Debt : 3.74 (As of Mar. 2024)

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What is Tata 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. Tata Technologies's cash to debt ratio for the quarter that ended in Mar. 2024 was 3.74.

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, Tata Technologies 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 Tata Technologies's Cash-to-Debt or its related term are showing as below:

NSE:TATATECH' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.49 Med: 4.01 Max: 4.84
Current: 3.74

During the past 5 years, Tata Technologies's highest Cash to Debt Ratio was 4.84. The lowest was 1.49. And the median was 4.01.

NSE:TATATECH's Cash-to-Debt is ranked better than
55.77% of 2799 companies
in the Software industry
Industry Median: 2.51 vs NSE:TATATECH: 3.74

Tata Technologies Cash-to-Debt Historical Data

The historical data trend for Tata 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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Tata Technologies Cash-to-Debt Chart

Tata Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

1.49

4.68

4.84

4.01

3.74

Tata Technologies Quarterly Data
	Mar20	Mar21	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial					2.56	4.01	2.00	N/A	3.74

Competitive Comparison of Tata Technologies's Cash-to-Debt

For the Information Technology Services subindustry, Tata 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.

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

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

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

Tata 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.

Tata Technologies'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)
	=	9628.6	/	(523.8	+	2050.1)
	=	3.74

Tata Technologies'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)
	=	9628.6	/	(523.8	+	2050.1)
	=	3.74

Tata Technologies (NSE:TATATECH) 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.

Tata Technologies Cash-to-Debt Related Terms

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Tata Technologies (NSE:TATATECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tata Technologies Ltd (NSE:TATATECH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

544028:India

Address

Plot No. 25, Rajiv Gandhi Infotech Park, Hinjawadi, Pune, MH, IND, 411 057

Website

https://www.tatatechnologies.com/in

Tata Technologies Ltd is a engineering services company offering product development and digital solutions, including turnkey solutions, to original equipment manufacturers (OEMs) and their tier-1 suppliers. It endeavors to create value for its clients by helping them develop safer products, and cleaner and improve the quality of life for their end-customers. It has deep domain expertise in the automotive industry and leverages this expertise to serve its clients in adjacent industries, such as aerospace and transportation and construction heavy machinery. As an organization, it brings together diverse teams from different parts of the world with multiple skill sets to collaborate in real time and solve complex engineering problems for its clients.

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