Can Fin Homes (BOM:511196) Cash-to-Debt : 0.01 (As of Mar. 2024)

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What is Can Fin Homes 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. Can Fin Homes's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.01.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Can Fin Homes couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

BOM:511196' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.03
Current: 0.01

During the past 13 years, Can Fin Homes's highest Cash to Debt Ratio was 0.03. The lowest was 0.00. And the median was 0.01.

BOM:511196's Cash-to-Debt is ranked worse than
99.01% of 1420 companies
in the Banks industry
Industry Median: 1.295 vs BOM:511196: 0.01

Can Fin Homes Cash-to-Debt Historical Data

The historical data trend for Can Fin Homes'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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Can Fin Homes Cash-to-Debt Chart

Can Fin Homes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.02

0.01

Can Fin Homes 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															0.01	N/A	0.01	N/A	0.01

Competitive Comparison of Can Fin Homes's Cash-to-Debt

For the Mortgage Finance subindustry, Can Fin Homes'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.

Can Fin Homes's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Can Fin Homes's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Can Fin Homes's Cash-to-Debt falls into.

Can Fin Homes Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

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

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	4574.17	/	(0	+	316451.21)
	=	0.01

Can Fin Homes's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	4574.17	/	(0	+	316451.21)
	=	0.01

Can Fin Homes (BOM:511196) 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.

Can Fin Homes Cash-to-Debt Related Terms

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

Can Fin Homes (BOM:511196) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Can Fin Homes Ltd (BOM:511196) » Definitions » Cash-to-Debt

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CANFINHOME:India

Address

No. 29/1, Sir M N Krishna Rao Road, 1st Floor, Lalbagh West Gate, Basavanagudi, Bengaluru, KA, IND, 560 004

Website

https://www.canfinhomes.com

Can Fin Homes Ltd is an Indian housing finance institution. The company offers a range of loan products, housing loans as well as non-housing loans. It provides Housing loans to individuals, to Builders/developers, and against Property. The company categorized its business into two structures such as housing loans and non-housing loans. It provides loans for various purposes such as the construction of a house, purchase of ready-built houses/flats, repairs, renovation, and an extension of a house as well as for the purchase of the site from development authorities and private developers/parties. In addition, it also accepts deposits from the public such as Fixed deposits and Cumulative deposits. The revenue generated by the company mainly consists of the interest received.

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