Ashika Credit Capital (BOM:543766) Cash-to-Debt : 0.02 (As of Mar. 2024)

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What is Ashika Credit Capital 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. Ashika Credit Capital's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.02.

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, Ashika Credit Capital 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 Ashika Credit Capital's Cash-to-Debt or its related term are showing as below:

BOM:543766' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 280.78 Max: No Debt
Current: 0.02

During the past 13 years, Ashika Credit Capital's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 280.78.

BOM:543766's Cash-to-Debt is ranked worse than
96.51% of 773 companies
in the Capital Markets industry
Industry Median: 1.98 vs BOM:543766: 0.02

Ashika Credit Capital Cash-to-Debt Historical Data

The historical data trend for Ashika Credit Capital'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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Ashika Credit Capital Cash-to-Debt Chart

Ashika Credit Capital Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

4.48

557.08

0.02

Ashika Credit Capital 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															557.08	N/A	No Debt	N/A	0.02

Competitive Comparison of Ashika Credit Capital's Cash-to-Debt

For the Capital Markets subindustry, Ashika Credit Capital'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.

Ashika Credit Capital's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Ashika Credit Capital's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ashika Credit Capital's Cash-to-Debt falls into.

Ashika Credit Capital 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.

Ashika Credit Capital'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)
	=	5.579	/	(0	+	251.184)
	=	0.02

Ashika Credit Capital'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)
	=	5.579	/	(0	+	251.184)
	=	0.02

Ashika Credit Capital (BOM:543766) 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.

Ashika Credit Capital Cash-to-Debt Related Terms

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

Ashika Credit Capital (BOM:543766) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Ashika Credit Capital Ltd (BOM:543766) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1008, Raheja Centre, 10th Floor, 214, Nariman Point, Mumbai, IND, 400021

Website

https://www.ashikagroup.com

Ashika Credit Capital Ltd is a non-deposit-taking non-banking financial corporation actively engaged in fund-based activities in India including providing Loans and advances, inter-corporate deposit, restructuring finance. The Company is primarily engaged in a single reportable segment of Financial Services. It offers retail broking, institutional equity, lending, investment banking, wealth management, and asset management services to its clients.

Ashika Credit Capital (BOM:543766) Headlines

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