Ishan International (NSE:ISHAN) Cash-to-Debt : 0.58 (As of Sep. 2023)

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What is Ishan International 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. Ishan International's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.58.

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, Ishan International couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Ishan International's Cash-to-Debt or its related term are showing as below:

NSE:ISHAN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.25 Max: 1.22
Current: 0.58

During the past 4 years, Ishan International's highest Cash to Debt Ratio was 1.22. The lowest was 0.07. And the median was 0.25.

NSE:ISHAN's Cash-to-Debt is ranked worse than
51.5% of 200 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.625 vs NSE:ISHAN: 0.58

Ishan International Cash-to-Debt Historical Data

The historical data trend for Ishan International'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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Ishan International Cash-to-Debt Chart

Ishan International Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

0.33

0.16

0.07

0.15

Ishan International Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial			N/A	0.07	1.22	0.15	0.58

Competitive Comparison of Ishan International's Cash-to-Debt

For the Farm & Heavy Construction Machinery subindustry, Ishan International'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.

Ishan International's Cash-to-Debt Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Ishan International's Cash-to-Debt distribution charts can be found below:

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

Ishan International 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.

Ishan International'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)
	=	7.313	/	(39.387	+	8.955)
	=	0.15

Ishan International's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	30.502	/	(43.279	+	9.581)
	=	0.58

Ishan International (NSE:ISHAN) 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.

Ishan International Cash-to-Debt Related Terms

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Ishan International (NSE:ISHAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Ishan International Ltd (NSE:ISHAN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1616, WTT Building, 16th Floor, Sector 16, Noida, UP, IND, 201301

Website

https://www.ishanglobal.com

Ishan International Ltd is a heavy engineering company. It is engaged in contracting and building projects that focus on supplying machines, erection/installation, commissioning and operational training for sugar plants, jaggery plants, pharmaceutical plants, hydropower plants and pollution control systems. The company also provides high-end engineering services and solutions for all types of activities in Hydro Power, Sugar and Jaggery, Pharmaceuticals, and Pollution Control Systems.

Ishan International (NSE:ISHAN) Headlines

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