Rajasthan Gases (BOM:526873) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Rajasthan Gases 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. Rajasthan Gases's cash to debt ratio for the quarter that ended in Dec. 2023 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, Rajasthan Gases could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(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 Rajasthan Gases's Cash-to-Debt or its related term are showing as below:

BOM:526873' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: No Debt Max: No Debt
Current: 0.05

During the past 13 years, Rajasthan Gases's highest Cash to Debt Ratio was No Debt. The lowest was 0.05. And the median was No Debt.

BOM:526873's Cash-to-Debt is ranked worse than
79.51% of 493 companies
in the Utilities - Regulated industry
Industry Median: 0.25 vs BOM:526873: 0.05

Rajasthan Gases Cash-to-Debt Historical Data

The historical data trend for Rajasthan Gases'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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Rajasthan Gases Cash-to-Debt Chart

Rajasthan Gases Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

1.55

0.05

0.07

Rajasthan Gases 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	0.07	N/A	N/A	No Debt

Competitive Comparison of Rajasthan Gases's Cash-to-Debt

For the Utilities - Regulated Gas subindustry, Rajasthan Gases'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.

Rajasthan Gases's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Rajasthan Gases's Cash-to-Debt distribution charts can be found below:

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

Rajasthan Gases 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.

Rajasthan Gases'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)
	=	6.881	/	(48.139	+	48.139)
	=	0.07

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

Rajasthan Gases had no debt ⁽¹⁾.

Rajasthan Gases (BOM:526873) 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.

Rajasthan Gases Cash-to-Debt Related Terms

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

Rajasthan Gases (BOM:526873) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Rajasthan Gases Ltd (BOM:526873) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

16 Street Near 33rd Road, 103, Roha Orion, TPS III, Bandra (West), Mumbai, MH, IND, 400050

Website

http://www.rajasthangasesltd.com

Rajasthan Gases Ltd is an Indian firm that operates in the petrochemical sector. The company Is engaged in the business line of LPG bottling, distribution, and transportation activites. It is operational in one business segment: natural gases and has only one geographical segment: India.

Rajasthan Gases (BOM:526873) Headlines

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Rajasthan Gases (BOM:526873) Cash-to-Debt : No Debt (1) (As of Dec. 2023)