Patel Engineering (NSE:PATELENG) Cash-to-Debt : 0.39 (As of Mar. 2024)

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What is Patel Engineering 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. Patel Engineering's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.39.

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

NSE:PATELENG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: 0.39
Current: 0.39

During the past 13 years, Patel Engineering's highest Cash to Debt Ratio was 0.39. The lowest was 0.01. And the median was 0.05.

NSE:PATELENG's Cash-to-Debt is ranked worse than
62.56% of 1672 companies
in the Construction industry
Industry Median: 0.63 vs NSE:PATELENG: 0.39

Patel Engineering Cash-to-Debt Historical Data

The historical data trend for Patel Engineering'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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Patel Engineering Cash-to-Debt Chart

Patel Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.05

0.09

0.11

0.25

0.39

Patel Engineering 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															0.25	N/A	0.20	N/A	0.39

Competitive Comparison of Patel Engineering's Cash-to-Debt

For the Engineering & Construction subindustry, Patel Engineering'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.

Patel Engineering's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Patel Engineering's Cash-to-Debt distribution charts can be found below:

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

Patel Engineering 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.

Patel Engineering'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)
	=	7530.88	/	(13402.93	+	5696.16)
	=	0.39

Patel Engineering'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)
	=	7530.88	/	(13402.93	+	5696.16)
	=	0.39

Patel Engineering (NSE:PATELENG) 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.

Patel Engineering Cash-to-Debt Related Terms

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

Patel Engineering (NSE:PATELENG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Patel Engineering Ltd (NSE:PATELENG) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

531120:India

Address

Patel Estate Road, Jogeshwari (West), Mumbai, MH, IND, 400 102

Website

http://www.pateleng.com

Patel Engineering Ltd is a company that undertakes civil construction and engineering projects. The company is engaged in segments including engineering procurement and construction (EPC) and real estate. It generates a vast majority of its revenue from the EPC segment within India. The company projects include all sectors of the infrastructure industry from dams, tunnels, micro-runnels, hydroelectric projects, irrigation projects, highways, roads, bridges, railways, refineries to real estates, and townships.

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