Indergiri Finance (BOM:531505) Cash-to-Debt : 0.11 (As of Mar. 2024)

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What is Indergiri Finance 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. Indergiri Finance's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.11.

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, Indergiri Finance 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 Indergiri Finance's Cash-to-Debt or its related term are showing as below:

BOM:531505' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: No Debt Max: No Debt
Current: 0.11

During the past 13 years, Indergiri Finance's highest Cash to Debt Ratio was No Debt. The lowest was 0.11. And the median was No Debt.

BOM:531505's Cash-to-Debt is ranked worse than
82.64% of 1463 companies
in the Asset Management industry
Industry Median: 5.56 vs BOM:531505: 0.11

Indergiri Finance Cash-to-Debt Historical Data

The historical data trend for Indergiri Finance'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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Indergiri Finance Cash-to-Debt Chart

Indergiri Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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No Debt

0.11

Indergiri Finance Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															N/A	No Debt	0.88	0.39	0.11

Competitive Comparison of Indergiri Finance's Cash-to-Debt

For the Asset Management subindustry, Indergiri Finance'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.

Indergiri Finance's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Indergiri Finance's Cash-to-Debt distribution charts can be found below:

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

Indergiri Finance 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.

Indergiri Finance'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)
	=	4.23	/	(0	+	37.222)
	=	0.11

Indergiri Finance'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)
	=	4.23	/	(0	+	37.222)
	=	0.11

Indergiri Finance (BOM:531505) 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.

Indergiri Finance Cash-to-Debt Related Terms

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

Indergiri Finance (BOM:531505) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Indergiri Finance Ltd (BOM:531505) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Andheri Kurla Road, Unit No. 806, B Wing 8th Floor, Kanakia Wall Street, Chakala, Andheri East, Mumbai, MH, IND, 400093

Website

https://www.indergiri.com

Indergiri Finance Ltd is a non-banking finance company (NBFC). It is engaged in fund base business activities of leasing, hire purchase, lending, and investment besides non-fund based business activities like merchant banking, syndication, and arrangement of finance etc. The company operates mainly in the business segment of fund based financing activity. All activities of the business are carried out within India.

Indergiri Finance (BOM:531505) Headlines

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