Cognizant Technology Solutions debt and dilution—

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

—

Cash & equivalents

USD millions

$1,038M

Net debt

USD millions

—

Debt / equity

—

Debt / assets

—

Net debt / EBITDA

× · TTM

—

Debt / FCF

× · TTM

—

Interest coverage

× · TTM

95.44×

Current ratio

2.18×

Diluted shares

Million shares

466M shares

Basic shares

Million shares

466M shares

Share count growth

-5.28%

Share repurchases

USD millions

$1,163M

Quarterly data

Cognizant Technology Solutions capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q2	Jun 30, 2026	—	1,038	—	—	—	—	—	95.44×	2.18×	466	466	-5.28%	1,163
FY 2026 Q1	Mar 31, 2026	—	1,504	—	—	—	—	—	105.59×	2.23×	477	477	-3.44%	444
FY 2025 Q4	Dec 31, 2025	—	1,901	—	—	—	—	—	91.59×	2.14×	483.07	479.1	-2.82%	338
FY 2025 Q3	Sep 30, 2025	—	2,341	—	—	—	—	—	68.48×	2.36×	487	486	-2.02%	463
FY 2025 Q2	Jun 30, 2025	—	1,796	—	—	—	—	—	58.5×	2.41×	492	492	-1.01%	368
FY 2025 Q1	Mar 31, 2025	—	1,980	—	—	—	—	—	55.45×	2.22×	495	494	-0.6%	209
FY 2024 Q4	Dec 31, 2024	—	2,231	—	—	—	—	—	53.56×	2.09×	497	493.02	-1.79%	154
FY 2024 Q3	Sep 30, 2024	—	2,013	—	—	—	—	—	62.28×	2.23×	496	496	-1.59%	242
FY 2024 Q2	Jun 30, 2024	—	2,193	—	—	—	—	—	65.42×	2.46×	498	497	-1.78%	76
FY 2024 Q1	Mar 31, 2024	—	2,231	—	—	—	—	—	62.37×	2.35×	498	497	-2.36%	133
FY 2023 Q4	Dec 31, 2023	—	2,621	—	—	—	—	—	65.59×	2.25×	499.07	502.03	-1.96%	313
FY 2023 Q3	Sep 30, 2023	—	2,204	—	—	—	—	—	69.76×	2.23×	505	504	-2.33%	315
FY 2023 Q2	Jun 30, 2023	—	2,055	—	—	—	—	—	83.73×	2.27×	507	506	-2.69%	214
FY 2023 Q1	Mar 31, 2023	—	2,458	—	—	—	—	—	113.31×	2.18×	509	509	-2.86%	222
FY 2022 Q4	Dec 31, 2022	—	2,191	—	—	—	—	—	156.21×	2.17×	513.07	512.07	-2.83%	315
FY 2022 Q3	Sep 30, 2022	—	2,042	—	—	—	—	—	231.85×	2.27×	517	516	-1.71%	315
FY 2022 Q2	Jun 30, 2022	—	1,768	—	—	—	—	—	294.5×	2.23×	521	520	-1.33%	318
FY 2022 Q1	Mar 31, 2022	—	2,192	—	—	—	—	—	320.11×	2.22×	525	524	-1.13%	474
FY 2021 Q4	Dec 31, 2021	—	1,792	—	—	—	—	—	314×	2.08×	528	527	-0.77%	82
FY 2021 Q3	Sep 30, 2021	—	1,664	—	—	—	—	—	255.9×	2.11×	526	525	-3.14%	129
FY 2021 Q2	Jun 30, 2021	—	1,368	—	—	—	—	—	187.15×	2.03×	528	527	-2.59%	320
FY 2021 Q1	Mar 31, 2021	—	1,973	—	—	—	—	—	110.2×	2.09×	531	530	-2.93%	240
FY 2020 Q4	Dec 31, 2020	—	2,680	—	—	—	—	—	88.08×	1.94×	535.04	531.07	-2.94%	788
FY 2020 Q3	Sep 30, 2020	—	4,436	—	—	—	—	—	84.26×	2.61×	543	542	-1.63%	248
FY 2020 Q2	Jun 30, 2020	—	4,422	—	—	—	—	—	83.61×	2.66×	541	541	-4.08%	74
FY 2020 Q1	Mar 31, 2020	—	3,886	—	—	—	—	—	99.72×	2.9×	546	546	-4.71%	511
FY 2019 Q4	Dec 31, 2019	738	2,645	-1,907	0.07×	4.55%	-0.64×	0.35×	94.35×	2.55×	551.1	547.13	-5.02%	163
FY 2019 Q3	Sep 30, 2019	747	2,343	-1,596	0.07×	4.71%	-0.52×	0.4×	90×	2.53×	551	551	-4.84%	259
FY 2019 Q2	Jun 30, 2019	746	1,660	-914	0.07×	4.81%	-0.29×	0.37×	96.15×	2.55×	564	564	-3.59%	1,054
FY 2019 Q1	Mar 31, 2019	746	950	-204	0.07×	4.63%	-0.06×	0.36×	94.54×	2.9×	575	573	-2.39%	771
FY 2018 Q4	Dec 31, 2018	745	1,161	-416	0.07×	4.68%	-0.13×	0.34×	103.74×	3.12×	581.03	576.07	-2.37%	267
FY 2018 Q3	Sep 30, 2018	724	1,339	-615	0.07×	4.74%	-0.19×	0.31×	115.21×	3.24×	580	579	-1.86%	45
FY 2018 Q2	Jun 30, 2018	749	901	-152	0.07×	5.06%	-0.05×	0.33×	111.17×	3.27×	586	585	-0.68%	633
FY 2018 Q1	Mar 31, 2018	773	1,440	-667	0.07×	5.14%	-0.22×	0.35×	113.22×	3.64×	589	587	-2.98%	316
FY 2017 Q4	Dec 31, 2017	873	1,925	-1,052	0.08×	5.74%	-0.36×	0.41×	107.87×	3.21×	592.03	590.03	-2.89%	332
FY 2017 Q3	Sep 30, 2017	823	1,577	-754	0.07×	5.64%	-0.27×	0.44×	106.47×	3.29×	592	590	-2.67%	13
FY 2017 Q2	Jun 30, 2017	991	1,157	-166	0.09×	7.11%	-0.06×	0.58×	108.94×	3.35×	591	589	-2.82%	30
FY 2017 Q1	Mar 31, 2017	1,209	1,308	-99	0.12×	8.87%	-0.04×	0.79×	115.84×	3.03×	607	605	-0.49%	1,514
FY 2016 Q4	Dec 31, 2016	878	2,034	-1,156	0.08×	6.16%	-0.43×	0.66×	120.47×	3.56×	610.89	607.6	-0.1%	19.8
FY 2016 Q3	Sep 30, 2016	896.6	1,550.3	-653.7	0.09×	6.54%	-0.25×	0.63×	120.72×	3.56×	608.5	606.2	-0.43%	157.1
FY 2016 Q2	Jun 30, 2016	908.8	1,684.5	-775.7	0.09×	6.92%	-0.3×	0.55×	122.46×	3.66×	608.8	606.1	-0.62%	77.7
FY 2016 Q1	Mar 31, 2016	1,020.9	1,523.8	-502.9	0.11×	8.02%	-0.2×	0.58×	123.35×	3.69×	611.8	608	-0.26%	257.4
FY 2015 Q4	Dec 31, 2015	1,287.5	2,125.2	-837.7	0.14×	9.85%	-0.34×	0.68×	121.02×	2.91×	612.71	608.21	-0.1%	76.8
FY 2015 Q3	Sep 30, 2015	950	1,476.7	-526.7	0.11×	7.74%	-0.22×	0.63×	132.84×	3.4×	612.7	608.8	0.12%	169.2
FY 2015 Q2	Jun 30, 2015	1,062.5	1,089.3	-26.8	0.12×	9.01%	-0.01×	0.82×	171.4×	3.46×	613.9	609.9	0.33%	175.6
FY 2015 Q1	Mar 31, 2015	1,075	1,271.4	-196.4	0.13×	9.44%	-0.09×	0.84×	257.79×	3.4×	613.9	609.6	0.31%	38.4
FY 2014 Q4	Dec 31, 2014	1,637.5	2,010.15	-372.65	0.21×	13.97%	-0.18×	1.3×	763.73×	2.6×	612.77	608.81	0.51%	77.03
FY 2014 Q3	Sep 30, 2014	—	2,617.62	—	—	—	—	—	—	4.17×	612.12	608.07	0.8%	9.43
FY 2014 Q2	Jun 30, 2014	—	1,992.44	—	—	—	—	—	—	4.3×	612.16	607.88	0.75%	122.76
FY 2014 Q1	Mar 31, 2014	—	1,935.99	—	—	—	—	—	—	4.19×	612.9	607.73	0.67%	39.1
FY 2013 Q4	Dec 31, 2013	0	2,213.01	-2,213.01	0×	0%	-1.19×	0×	—	3.46×	610.86	605.75	0.8%	24.67
FY 2013 Q3	Sep 30, 2013	—	2,031.12	—	—	—	—	—	—	3.58×	608.55	603.26	0.86%	6.93
FY 2013 Q2	Jun 30, 2013	—	1,678.21	—	—	—	—	—	—	3.78×	608.89	603.34	-0.18%	124.86
FY 2013 Q1	Mar 31, 2013	—	1,474.86	—	—	—	—	—	—	3.95×	610.35	603.71	-0.52%	22.55
FY 2012 Q4	Dec 31, 2012	—	1,570.08	—	—	—	—	—	—	3.5×	607.59	600.91	-0.63%	36.95
FY 2012 Q3	Sep 30, 2012	—	1,324.74	—	—	—	—	—	—	3.56×	606.26	598.12	-1.21%	65.11
FY 2012 Q2	Jun 30, 2012	—	1,050.25	—	—	—	—	—	—	3.61×	614.65	604.45	-0.58%	369.8
FY 2012 Q1	Mar 31, 2012	—	1,328.54	—	—	—	—	—	—	4.11×	618.42	606.86	-0.2%	48.98
FY 2011 Q4	Dec 31, 2011	—	1,310.91	—	—	—	—	—	—	3.38×	617.69	604.73	-0.41%	9.17
FY 2011 Q3	Sep 30, 2011	—	1,181.22	—	—	—	—	—	—	3.66×	618.59	605.45	0.33%	172.84
FY 2011 Q2	Jun 30, 2011	—	1,193.04	—	—	—	—	—	—	4.23×	622.95	607.98	1.37%	103.86
FY 2011 Q1	Mar 31, 2011	—	1,293.5	—	—	—	—	—	—	4.41×	623.61	608.08	2.07%	88.27
FY 2010 Q4	Dec 31, 2010	—	1,540.97	—	—	—	—	—	—	3.78×	623.5	607.21	2.72%	46.9
FY 2010 Q3	Sep 30, 2010	—	1,317.08	—	—	—	—	—	—	4.02×	619.24	603.43	2.74%	7.2
FY 2010 Q2	Jun 30, 2010	—	1,039.69	—	—	—	—	—	—	4.34×	616.97	599.78	2.58%	2.59
FY 2010 Q1	Mar 31, 2010	—	1,080.94	—	—	—	—	—	—	4.27×	613.33	595.77	—	2.32
FY 2009 Q4	Dec 31, 2009	—	1,100.93	—	—	—	—	—	—	3.57×	609.15	591.15	—	1.7
FY 2009 Q3	Sep 30, 2009	—	992.93	—	—	—	—	—	—	3.97×	605.16	587.33	—	1.1
FY 2009 Q2	Jun 30, 2009	—	860.38	—	—	—	—	—	—	4.52×	598.54	584.67	—	0.58

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · CTSH, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.