Investment & Precision Castings (BOM:504786) Cash-to-Debt : 0.04 (As of Mar. 2024)

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What is Investment & Precision Castings 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. Investment & Precision Castings's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.04.

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, Investment & Precision Castings 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 Investment & Precision Castings's Cash-to-Debt or its related term are showing as below:

BOM:504786' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.04
Current: 0.04

During the past 13 years, Investment & Precision Castings's highest Cash to Debt Ratio was 0.04. The lowest was 0.00. And the median was 0.03.

BOM:504786's Cash-to-Debt is ranked worse than
91.86% of 614 companies
in the Steel industry
Industry Median: 0.45 vs BOM:504786: 0.04

Investment & Precision Castings Cash-to-Debt Historical Data

The historical data trend for Investment & Precision Castings'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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Investment & Precision Castings Cash-to-Debt Chart

Investment & Precision Castings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.02

0.03

0.04

Investment & Precision Castings 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															0.03	N/A	0.03	N/A	0.04

Competitive Comparison of Investment & Precision Castings's Cash-to-Debt

For the Steel subindustry, Investment & Precision Castings'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.

Investment & Precision Castings's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Investment & Precision Castings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Investment & Precision Castings's Cash-to-Debt falls into.

Investment & Precision Castings 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.

Investment & Precision Castings'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)
	=	30.293	/	(619.597	+	122.799)
	=	0.04

Investment & Precision Castings'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)
	=	30.293	/	(619.597	+	122.799)
	=	0.04

Investment & Precision Castings (BOM:504786) 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.

Investment & Precision Castings Cash-to-Debt Related Terms

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

Investment & Precision Castings (BOM:504786) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Investment & Precision Castings Ltd (BOM:504786) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nari Road, Bhavnagar, GJ, IND, 364006

Website

https://www.ipcl.in

Investment & Precision Castings Ltd is engaged in the steel casting business. The company's products portfolio includes two-three-four-wheeler, bus tractor parts; aircraft parts; turbochargers for diesel engines; power plants, pumps and valves, medical implants; electrical and instrumentation; general engineering; electronics; electronics; compressors; artisan castings; and machined components from bar stock. The company also provides its products and services to ancillaries and the wind power generation industry. It operates in two segments Investment Castings and Wind Mill. The majority of the firm's revenue comes from the Investment Castings segment.

Investment & Precision Castings (BOM:504786) Headlines

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