Triveni Turbine (NSE:TRITURBINE) Cash-to-Debt : 286.36 (As of Mar. 2024)

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What is Triveni Turbine 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. Triveni Turbine's cash to debt ratio for the quarter that ended in Mar. 2024 was 286.36.

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

NSE:TRITURBINE' s Cash-to-Debt Range Over the Past 10 Years
Min: 10.9 Med: 142.75 Max: 627.84
Current: 286.36

During the past 13 years, Triveni Turbine's highest Cash to Debt Ratio was 627.84. The lowest was 10.90. And the median was 142.75.

NSE:TRITURBINE's Cash-to-Debt is ranked better than
92.11% of 2926 companies
in the Industrial Products industry
Industry Median: 1.23 vs NSE:TRITURBINE: 286.36

Triveni Turbine Cash-to-Debt Historical Data

The historical data trend for Triveni Turbine'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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Triveni Turbine Cash-to-Debt Chart

Triveni Turbine Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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48.86

106.77

345.37

178.72

286.36

Triveni Turbine 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															178.72	N/A	251.82	N/A	286.36

Competitive Comparison of Triveni Turbine's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Triveni Turbine'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.

Triveni Turbine's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Triveni Turbine's Cash-to-Debt distribution charts can be found below:

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

Triveni Turbine 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.

Triveni Turbine'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)
	=	8934.4	/	(7.1	+	24.1)
	=	286.36

Triveni Turbine'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)
	=	8934.4	/	(7.1	+	24.1)
	=	286.36

Triveni Turbine (NSE:TRITURBINE) 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.

Triveni Turbine Cash-to-Debt Related Terms

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

Triveni Turbine (NSE:TRITURBINE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Triveni Turbine Ltd (NSE:TRITURBINE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

533655:India

Address

Express Trade Towers, 8th Floor, 15-16, Sector 16A, Noida, UP, IND, 201301

Website

https://www.triveniturbines.com

Triveni Turbine Ltd is an India-based company that supplies power-generating equipment and solutions. The company offers back-pressure and condensing steam turbines, related spare parts, and aftermarket services. In addition, the company owns a partial stake in GE Triveni Limited, a joint venture cofounded by General Electric and Triveni Turbine. This joint venture offers a portfolio of steam turbine products in the global industrial power-generation market. Triveni Turbine's products are used in sectors including sugar, distillery, palm oil, independent power producers, and textiles. The company generates the majority of its sales from the Indian domestic market.

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