Eimco Elecon India (BOM:523708) Cash-to-Debt : 37.25 (As of Mar. 2024)

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What is Eimco Elecon 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. Eimco Elecon India's cash to debt ratio for the quarter that ended in Mar. 2024 was 37.25.

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, Eimco Elecon India could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

BOM:523708' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.17 Med: 82.28 Max: No Debt
Current: 37.25

During the past 13 years, Eimco Elecon India's highest Cash to Debt Ratio was No Debt. The lowest was 4.17. And the median was 82.28.

BOM:523708's Cash-to-Debt is ranked better than
91.26% of 206 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.565 vs BOM:523708: 37.25

Eimco Elecon India Cash-to-Debt Historical Data

The historical data trend for Eimco Elecon 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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Eimco Elecon India Cash-to-Debt Chart

Eimco Elecon India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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5.90

56.26

182.46

4.17

37.25

Eimco Elecon India 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															4.17	N/A	38.88	N/A	37.25

Competitive Comparison of Eimco Elecon India's Cash-to-Debt

For the Farm & Heavy Construction Machinery subindustry, Eimco Elecon 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.

Eimco Elecon India's Cash-to-Debt Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Eimco Elecon India's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Eimco Elecon India's Cash-to-Debt falls into.

Eimco Elecon 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.

Eimco Elecon India's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 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)
	=	152.121	/	(2.751	+	1.333)
	=	37.25

Eimco Elecon India's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	152.121	/	(2.751	+	1.333)
	=	37.25

Eimco Elecon India (BOM:523708) 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.

Eimco Elecon India Cash-to-Debt Related Terms

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

Eimco Elecon India (BOM:523708) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Eimco Elecon India Ltd (BOM:523708) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

EIMCOELECO:India

Address

Anand-Sojitra Road, District Anand, Vallabh Vidyanagar, GJ, IND, 388 120

Website

https://www.eimcoelecon.in

Eimco Elecon India Ltd is an Indian company engaged in the business of manufacturing and supplying equipment for mining and construction sector. Its products include Air motors, Chair lift man riding system, Coal hauler, Drill machine, Load haul dumper (coal mining), Load haul dumper (metal mining), Low profile dump truck, Rocker shovel loader, Side dump loader, and Wheel loader, among others. The group sells its products in India and also exports them to other countries.

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