Everest Kanto Cylinder (BOM:532684) Cash-to-Debt : 2.08 (As of Mar. 2024)

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What is Everest Kanto Cylinder 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. Everest Kanto Cylinder's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.08.

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, Everest Kanto Cylinder 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 Everest Kanto Cylinder's Cash-to-Debt or its related term are showing as below:

BOM:532684' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.09 Max: 2.08
Current: 2.08

During the past 13 years, Everest Kanto Cylinder's highest Cash to Debt Ratio was 2.08. The lowest was 0.02. And the median was 0.09.

BOM:532684's Cash-to-Debt is ranked better than
60.06% of 2997 companies
in the Industrial Products industry
Industry Median: 1.23 vs BOM:532684: 2.08

Everest Kanto Cylinder Cash-to-Debt Historical Data

The historical data trend for Everest Kanto Cylinder'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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Everest Kanto Cylinder Cash-to-Debt Chart

Everest Kanto Cylinder Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.05

0.26

0.38

0.29

2.08

Everest Kanto Cylinder 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															0.29	N/A	0.96	N/A	2.08

Competitive Comparison of Everest Kanto Cylinder's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Everest Kanto Cylinder'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.

Everest Kanto Cylinder's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Everest Kanto Cylinder's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Everest Kanto Cylinder's Cash-to-Debt falls into.

Everest Kanto Cylinder 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.

Everest Kanto Cylinder'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)
	=	1358.8	/	(433.9	+	220.5)
	=	2.08

Everest Kanto Cylinder'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)
	=	1358.8	/	(433.9	+	220.5)
	=	2.08

Everest Kanto Cylinder (BOM:532684) 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.

Everest Kanto Cylinder Cash-to-Debt Related Terms

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Everest Kanto Cylinder (BOM:532684) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Everest Kanto Cylinder Ltd (BOM:532684) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

EKC:India

Address

Free Press Journal Marg, 204, Raheja Centre, 214, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.everestkanto.com

Everest Kanto Cylinder Ltd manufactures and fabricates metal products, except machinery and equipment. The firm is also engaged in the manufacture of high-pressure seamless gas cylinders and other cylinders, equipment, appliances, and tanks with their parts and accessories used for containing and storage of liquefied petroleum gases and other gases, liquids, and air. Its products include Industrial Cylinders, Billet Cylinder, Plate Cylinder, compressed natural gas (CNG) Cylinders, Breathing Air Cylinder, Medical Cylinders, Beverage Cylinders, and Accumulators. The company also offers a range of allied products, such as Cylinder Valves, Valve Protection Guards; Protection Caps, Trolleys, Medical Equipment, seamless cylinders for fire-fighting. Most of its revenue comes from India.

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