Hittco Tools (BOM:531661) Cash per Share : ₹0.10 (As of Dec. 2023)

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What is Hittco Tools Cash per Share?

Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities divided by Shares Outstanding (EOP). Hittco Tools's Cash per Share for the quarter that ended in Dec. 2023 was ₹0.10.

Hittco Tools Cash per Share Historical Data

The historical data trend for Hittco Tools's Cash per Share 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.

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Hittco Tools Cash per Share Chart

Hittco Tools Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash per Share

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0.61

0.48

0.61

0.74

0.13

Hittco Tools Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash per Share	Get a 7-Day Free Trial															-	0.13	0.12	0.07	0.10

Hittco Tools Cash per Share Calculation

This is the ratio of a company's available cash, including easy to liquidate short-term investment, to its total number of shares outstanding. The result indicates the percentage of a company's share price that is available to spend on company's activities, such as strengthening the business, paying down the debt and making dividend payment to shareholders. It's a reliable indicator of a company's financial health.

Hittco Tools's Cash per Share for the fiscal year that ended in Mar. 2023 is calculated as:

Cash per Share	=	Cash, Cash Equivalents, Marketable Securities	/	Shares Outstanding (EOP)
	=	0.78	/	6.16
	=	0.13

Hittco Tools's Cash per Share for the quarter that ended in Dec. 2023 is calculated as:

Cash per Share	=	Cash, Cash Equivalents, Marketable Securities	/	Shares Outstanding (EOP)
	=	0.591	/	6.16
	=	0.10

Hittco Tools (BOM:531661) Cash per Share Explanation

Cash per Share represents the liquidity of a compant's assets. A high level of Cash per Share suggests that there's enough money on hand for a company to cover any emergencies and that the company has adequate money to reinvest its business or pay dividends to investors. However, if the ratio is too high, it can also suggeust the inefficiency of management for not making a full usage of the cash.

Hittco Tools Cash per Share Related Terms

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Hittco Tools (BOM:531661) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hittco Tools Ltd (BOM:531661) » Definitions » Cash per Share

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Traded in Other Exchanges

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Address

No 19, Ali Asker Road, HTC Aspire, 2nd Floor, Bangalore, KA, IND, 560052

Website

https://www.hittco.com

Hittco Tools Ltd is engaged in the manufacturing and selling of cutting tools. The products include HSS drills and taps, solid carbide tools, and CNC tool holders. Hittco precision drills and taps are available in various grades of High-Speed Steel like M-2 / M-35 / M-42. Along with India, the company is selling its products to Africa, the Middle East, and the Far East. It is engaged in one segment of the manufacture and sale of Machine tools.

Hittco Tools (BOM:531661) Headlines

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