Ion Exchange (India) (BOM:500214) Cash-to-Debt : 5.73 (As of Mar. 2023)

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What is Ion Exchange (India) 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. Ion Exchange (India)'s cash to debt ratio for the quarter that ended in Mar. 2023 was 5.73.

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, Ion Exchange (India) could pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

The historical rank and industry rank for Ion Exchange (India)'s Cash-to-Debt or its related term are showing as below:

BOM:500214' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 1.08 Max: 5.73
Current: 5.73

During the past 13 years, Ion Exchange (India)'s highest Cash to Debt Ratio was 5.73. The lowest was 0.23. And the median was 1.08.

BOM:500214's Cash-to-Debt is ranked better than
72.96% of 3003 companies
in the Industrial Products industry
Industry Median: 1.19 vs BOM:500214: 5.73

Ion Exchange (India) Cash-to-Debt Historical Data

The historical data trend for Ion Exchange (India)'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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Ion Exchange (India) Cash-to-Debt Chart

Ion Exchange (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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1.13

1.09

5.42

5.36

5.73

Ion Exchange (India) Semi-Annual Data
	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Cash-to-Debt	Get a 7-Day Free Trial									1.13	1.09	5.42	5.36	5.73

Competitive Comparison of Ion Exchange (India)'s Cash-to-Debt

For the Pollution & Treatment Controls subindustry, Ion Exchange (India)'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.

Ion Exchange (India)'s Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ion Exchange (India)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ion Exchange (India)'s Cash-to-Debt falls into.

Ion Exchange (India) 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.

Ion Exchange (India)'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)
	=	3393.043	/	(401.43	+	190.904)
	=	5.73

Ion Exchange (India)'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)
	=	3393.043	/	(401.43	+	190.904)
	=	5.73

Ion Exchange (India) (BOM:500214) 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.

Ion Exchange (India) Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Ion Exchange (India)'s Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Ion Exchange (India) (BOM:500214) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ion Exchange (India) Ltd (BOM:500214) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

IONEXCHANG:India

Address

Dr. E. Moses Road, Ion House, Mahalaxmi, Mumbai, MH, IND, 400011

Website

https://www.ionindia.com

Ion Exchange (India) Ltd is a water solution provider. The principal activities of the company consist of the construction and maintenance of water treatment plants, wastewater treatment, manufacturing resins, specialty chemicals for water, recycling, zero liquid discharge, sewage treatment, packaged drinking water, sea water desalination, etc. The company operates its business through the Engineering division, which is a key revenue driver that comprises water treatment plants, spares, and services in connection with the plants; the Chemicals segment consists of resins, water treatment chemicals, sugar chemicals, and paper chemicals; and the Consumer Products segment comprises domestic water purifiers. The company caters to both domestic and international markets.

Ion Exchange (India) (BOM:500214) Headlines

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