CG Power & Industrial Solutions (NSE:CGPOWER) Cash-to-Debt : 90.50 (As of Mar. 2024)

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What is CG Power & Industrial Solutions 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. CG Power & Industrial Solutions's cash to debt ratio for the quarter that ended in Mar. 2024 was 90.50.

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, CG Power & Industrial Solutions 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 CG Power & Industrial Solutions's Cash-to-Debt or its related term are showing as below:

NSE:CGPOWER' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.38 Max: 90.5
Current: 90.5

During the past 13 years, CG Power & Industrial Solutions's highest Cash to Debt Ratio was 90.50. The lowest was 0.05. And the median was 0.38.

NSE:CGPOWER's Cash-to-Debt is ranked better than
89.39% of 3006 companies
in the Industrial Products industry
Industry Median: 1.175 vs NSE:CGPOWER: 90.50

CG Power & Industrial Solutions Cash-to-Debt Historical Data

The historical data trend for CG Power & Industrial Solutions'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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CG Power & Industrial Solutions Cash-to-Debt Chart

CG Power & Industrial Solutions Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.07

0.35

1.45

43.30

90.50

CG Power & Industrial Solutions 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															43.30	N/A	77.40	N/A	90.50

Competitive Comparison of CG Power & Industrial Solutions's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, CG Power & Industrial Solutions'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.

CG Power & Industrial Solutions's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, CG Power & Industrial Solutions's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where CG Power & Industrial Solutions's Cash-to-Debt falls into.

CG Power & Industrial Solutions 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.

CG Power & Industrial Solutions'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)
	=	15783.2	/	(55.3	+	119.1)
	=	90.50

CG Power & Industrial Solutions'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)
	=	15783.2	/	(55.3	+	119.1)
	=	90.50

CG Power & Industrial Solutions (NSE:CGPOWER) 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.

CG Power & Industrial Solutions Cash-to-Debt Related Terms

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CG Power & Industrial Solutions (NSE:CGPOWER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CG Power & Industrial Solutions Ltd (NSE:CGPOWER) » Definitions » Cash-to-Debt

Traded in Other Exchanges

500093:India

Address

Dr. Annie Besant Road, 6th Floor, CG House, Worli, Mumbai, MH, IND, 400 030

Website

https://www.cgglobal.com

CG Power & Industrial Solutions Ltd is an India based company engaged in providing products, services, and solutions to utilities, industries, and consumers for the management and application of sustainable electrical energy. It has two business segments. Power Systems segment includes products and services from ultra-high-voltage, high voltage, medium voltage and low voltage like transformer, switchgear, and turnkey projects whereas the Industrial Systems segment include rotating machines of power and ratings, automated AC, DC, and variable frequency drives and control systems like electric motors, alternators, drives, traction electronics, and SCADA. It operates in India and internationally and generates its revenues majorly from the Industrial systems segment within India.

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