iGate has the Highest Debt to Asset Ratio in the IT Consulting & Other Services Industry (IGTE, BAH, DRCO, IBM, CACI)
Jan 11, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the IT Consulting & Other Services industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.iGate ranks highest with a a debt to asset ratio of 0.59. Following is Booz Allen Hamilton with a a debt to asset ratio of 0.56. Dynamics Research ranks third highest with a a debt to asset ratio of 0.39.
International Business Machines follows with a a debt to asset ratio of 0.29, and CACI International rounds out the top five with a a debt to asset ratio of 0.28.
SmarTrend recommended that subscribers consider buying shares of CACI International on November 2nd, 2012 as our technology indicated a new Uptrend was in progress when shares hit $53.67. Since that recommendation, shares of CACI International have risen 4.1%. We continue to monitor CACI International for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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