Prime Securities (BOM:500337) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Prime Securities 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. Prime Securities's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

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, Prime Securities could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

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

BOM:500337' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 1.69 Max: No Debt
Current: No Debt

During the past 13 years, Prime Securities's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 1.69.

BOM:500337's Cash-to-Debt is ranked better than
99.37% of 792 companies
in the Capital Markets industry
Industry Median: 1.87 vs BOM:500337: No Debt

Prime Securities Cash-to-Debt Historical Data

The historical data trend for Prime Securities'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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Prime Securities Cash-to-Debt Chart

Prime Securities Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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15.38

14.21

1.49

1.89

No Debt

Prime Securities Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.89	N/A	No Debt	N/A	No Debt

Competitive Comparison of Prime Securities's Cash-to-Debt

For the Capital Markets subindustry, Prime Securities'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.

Prime Securities's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Prime Securities's Cash-to-Debt distribution charts can be found below:

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

Prime Securities 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.

Prime Securities's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Prime Securities had no debt ⁽¹⁾.

Prime Securities's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Prime Securities had no debt ⁽¹⁾.

Prime Securities (BOM:500337) 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.

Prime Securities Cash-to-Debt Related Terms

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

Prime Securities (BOM:500337) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Prime Securities Ltd (BOM:500337) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PRIMESECU:India

Address

1109/1110, Maker Chambers V, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.primesec.com

Prime Securities Ltd is engaged in the provision of investment banking and corporate advisory services. The business activity of the group is operated through - Financial Advisory & Intermediation services and Brokerage from Mutual Fund distribution. The company is in providing value-added advice and services to clients on complex strategic and financial decisions and transactions focused on fundraising, mergers and acquisitions, equity and debt private placements, initial public offerings, corporate advisory, and capital restructuring. The company's business segment is providing merchant banking and advisory services. Geographically, all the activities function throughout the region of India.

Prime Securities (BOM:500337) Headlines

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Prime Securities (BOM:500337) Cash-to-Debt : No Debt (1) (As of Mar. 2024)