Australian Premium Solar (India) (NSE:APS) Cash-to-Debt : 0.99 (As of Mar. 2023)

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What is Australian Premium Solar (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. Australian Premium Solar (India)'s cash to debt ratio for the quarter that ended in Mar. 2023 was 0.99.

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, Australian Premium Solar (India) couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

The historical rank and industry rank for Australian Premium Solar (India)'s Cash-to-Debt or its related term are showing as below:

NSE:APS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.63 Med: 0.99 Max: 1.2
Current: 0.99

During the past 3 years, Australian Premium Solar (India)'s highest Cash to Debt Ratio was 1.20. The lowest was 0.63. And the median was 0.99.

NSE:APS's Cash-to-Debt is ranked worse than
61.27% of 994 companies
in the Semiconductors industry
Industry Median: 1.765 vs NSE:APS: 0.99

Australian Premium Solar (India) Cash-to-Debt Historical Data

The historical data trend for Australian Premium Solar (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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Australian Premium Solar (India) Cash-to-Debt Chart

Australian Premium Solar (India) Annual Data

Trend

Mar21

Mar22

Mar23

Cash-to-Debt

0.63

1.20

0.99

Australian Premium Solar (India) Semi-Annual Data
	Mar21	Mar22	Mar23
Cash-to-Debt	0.63	1.20	0.99

Competitive Comparison of Australian Premium Solar (India)'s Cash-to-Debt

For the Solar subindustry, Australian Premium Solar (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.

Australian Premium Solar (India)'s Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Australian Premium Solar (India)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Australian Premium Solar (India)'s Cash-to-Debt falls into.

Australian Premium Solar (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.

Australian Premium Solar (India)'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)
	=	21.893	/	(11.202	+	11.011)
	=	0.99

Australian Premium Solar (India)'s Cash to Debt Ratio for the quarter 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)
	=	21.893	/	(11.202	+	11.011)
	=	0.99

Australian Premium Solar (India) (NSE:APS) 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.

Australian Premium Solar (India) Cash-to-Debt Related Terms

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Australian Premium Solar (India) (NSE:APS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Australian Premium Solar (India) Ltd (NSE:APS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Website

Australian Premium Solar (India) Ltd is engaged in the manufacturing of Solar Panels and EPC Services of solar systems. It manufactures two types of solar panels: (i) Monocrystalline Solar Panel; and (ii) Polycrystalline Solar Panel. It also provide installation services for solar panels and solar pumps. Majority of the revenue is generated from manufacturing of solar panels.

Australian Premium Solar (India) (NSE:APS) Headlines

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