HBL Engineering (BOM:517271) Cash-to-Debt : 4.86 (As of Sep. 2024)

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What is HBL 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. HBL Engineering's cash to debt ratio for the quarter that ended in Sep. 2024 was 4.86.

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, HBL Engineering could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for HBL Engineering's Cash-to-Debt or its related term are showing as below:

BOM:517271' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.74 Max: 4.86
Current: 4.86

During the past 13 years, HBL Engineering's highest Cash to Debt Ratio was 4.86. The lowest was 0.02. And the median was 0.74.

BOM:517271's Cash-to-Debt is ranked better than
81.11% of 540 companies
in the Conglomerates industry
Industry Median: 0.47 vs BOM:517271: 4.86

HBL Engineering Cash-to-Debt Historical Data

The historical data trend for HBL 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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HBL Engineering Cash-to-Debt Chart

HBL Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.29

0.76

1.43

1.55

3.39

HBL Engineering Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.72	N/A	3.39	N/A	4.86

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

For the Conglomerates subindustry, HBL 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.

HBL Engineering's Cash-to-Debt Distribution in the Conglomerates Industry

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

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

HBL 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.

HBL 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)
	=	2289.241	/	(397.822	+	276.799)
	=	3.39

HBL Engineering's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	3072.094	/	(447.701	+	184.908)
	=	4.86

HBL Engineering (BOM:517271) 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.

HBL Engineering Cash-to-Debt Related Terms

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HBL Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » HBL Engineering Ltd (BOM:517271) » Definitions » Cash-to-Debt

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HBLPOWER:India

Address

Road No. 10, Door No. 8-2-616, Plot No. 4, Banjara Hills, Behind Minerva Grand Hotel, Hyderabad, TG, IND, 500 034

Website

https://www.hbl.in

HBL Engineering Ltd manufactures, assembles, purchases, imports, exports, acquires, develops, and deals in India or abroad in all types of cells, batteries, energy storage devices, conversion and generation devices, appliances, gadgets, solar panels, electronics, electro-mechanical and metallurgical appliances, electro-plating of metals and alloys by electrolytic processes, compounds, cement, oil paints, pigments, and Others.

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