Modi Rubber (NSE:MODIRUBBER) Cash-to-Debt : 4.43 (As of Mar. 2024)

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What is Modi Rubber 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. Modi Rubber's cash to debt ratio for the quarter that ended in Mar. 2024 was 4.43.

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, Modi Rubber 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 Modi Rubber's Cash-to-Debt or its related term are showing as below:

NSE:MODIRUBBER' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.54 Med: 17.35 Max: 31.05
Current: 4.43

During the past 13 years, Modi Rubber's highest Cash to Debt Ratio was 31.05. The lowest was 3.54. And the median was 17.35.

NSE:MODIRUBBER's Cash-to-Debt is ranked better than
82.86% of 1779 companies
in the Real Estate industry
Industry Median: 0.25 vs NSE:MODIRUBBER: 4.43

Modi Rubber Cash-to-Debt Historical Data

The historical data trend for Modi Rubber'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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Modi Rubber Cash-to-Debt Chart

Modi Rubber Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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14.76

25.46

17.85

3.54

4.43

Modi Rubber 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															3.54	N/A	5.64	N/A	4.43

Competitive Comparison of Modi Rubber's Cash-to-Debt

For the Real Estate Services subindustry, Modi Rubber'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.

Modi Rubber's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Modi Rubber's Cash-to-Debt distribution charts can be found below:

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

Modi Rubber 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.

Modi Rubber'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)
	=	920.069	/	(127.807	+	79.76)
	=	4.43

Modi Rubber'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)
	=	920.069	/	(127.807	+	79.76)
	=	4.43

Modi Rubber (NSE:MODIRUBBER) 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.

Modi Rubber Cash-to-Debt Related Terms

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Modi Rubber (NSE:MODIRUBBER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Modi Rubber Ltd (NSE:MODIRUBBER) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

500890:India

Address

4-7C, DDA Shopping Centre, New Friends Colony, New Delhi, IND, 110025

Website

https://www.modirubberlimited.com

Modi Rubber Ltd is an Indian real estate company. The firm is engaged in renting immovable property which is the only segment. It derives revenue from rentals on real estate and guest houses at Modipuram, India. It also generates income from fund management and dividends from joint venture companies in which the company has management and equity collaborations.

Modi Rubber (NSE:MODIRUBBER) Headlines

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