Automotive Axles (BOM:505010) Cash-to-Debt : N/A (As of Dec. 2023)

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What is Automotive Axles 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. Automotive Axles's cash to debt ratio for the quarter that ended in Dec. 2023 was N/A.

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

BOM:505010' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 3.05 Max: No Debt
Current: 8.77

During the past 13 years, Automotive Axles's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 3.05.

BOM:505010's Cash-to-Debt is ranked better than
86% of 1293 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs BOM:505010: 8.77

Automotive Axles Cash-to-Debt Historical Data

The historical data trend for Automotive Axles'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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Automotive Axles Cash-to-Debt Chart

Automotive Axles Annual Data

Trend

Sep13

Sep14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.58

2.27

2.93

4.13

3.95

Automotive Axles Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															N/A	3.95	N/A	8.77	N/A

Competitive Comparison of Automotive Axles's Cash-to-Debt

For the Auto Parts subindustry, Automotive Axles'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.

Automotive Axles's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Automotive Axles's Cash-to-Debt distribution charts can be found below:

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

Automotive Axles 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.

Automotive Axles'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)
	=	1107.8	/	(62.75	+	217.83)
	=	3.95

Automotive Axles's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Automotive Axles (BOM:505010) 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.

Automotive Axles Cash-to-Debt Related Terms

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

Automotive Axles (BOM:505010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Automotive Axles Ltd (BOM:505010) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AUTOAXLES:India

Address

Off Hunsur Road, Hootagalli Indsutrial Area, Mysore, KA, IND, 570 018

Website

https://www.autoaxle.com

Automotive Axles Ltd is an India-based company engaged in the manufacturing and sale of automotive components. The company manufactures rear drive axle assemblies in India. It manufactures Drive axles, Non-drive axles, Front steer axles, Specialty and defense axles, and Drum and disc brakes. These products are provided to the domestic and global manufacturers of trucks and buses pertaining to segments such as light, medium, and heavy commercial vehicles, military and off-highway vehicles, aftermarket, and exports. The company operates in India.

Automotive Axles (BOM:505010) Headlines

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