Solitaire Machine Tools (BOM:522152) Cash-to-Debt : 0.89 (As of Mar. 2024)

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What is Solitaire Machine Tools 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. Solitaire Machine Tools's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.89.

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, Solitaire Machine Tools 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 Solitaire Machine Tools's Cash-to-Debt or its related term are showing as below:

BOM:522152' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.89 Med: 55.13 Max: No Debt
Current: 0.89

During the past 13 years, Solitaire Machine Tools's highest Cash to Debt Ratio was No Debt. The lowest was 0.89. And the median was 55.13.

BOM:522152's Cash-to-Debt is ranked worse than
55.44% of 3005 companies
in the Industrial Products industry
Industry Median: 1.22 vs BOM:522152: 0.89

Solitaire Machine Tools Cash-to-Debt Historical Data

The historical data trend for Solitaire Machine Tools'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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Solitaire Machine Tools Cash-to-Debt Chart

Solitaire Machine Tools Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

81.98

3.05

1.75

0.89

Solitaire Machine Tools 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															1.75	N/A	No Debt	N/A	0.89

Competitive Comparison of Solitaire Machine Tools's Cash-to-Debt

For the Tools & Accessories subindustry, Solitaire Machine Tools'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.

Solitaire Machine Tools's Cash-to-Debt Distribution in the Industrial Products Industry

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

* The bar in red indicates where Solitaire Machine Tools's Cash-to-Debt falls into.

Solitaire Machine Tools 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.

Solitaire Machine Tools'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)
	=	18.172	/	(4.151	+	16.197)
	=	0.89

Solitaire Machine Tools'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)
	=	18.172	/	(4.151	+	16.197)
	=	0.89

Solitaire Machine Tools (BOM:522152) 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.

Solitaire Machine Tools Cash-to-Debt Related Terms

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Solitaire Machine Tools (BOM:522152) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Solitaire Machine Tools Ltd (BOM:522152) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

A-24/25, Krishna Industrial Estate, Gorwa, Vadodara, GJ, IND, 390016

Website

https://www.smtgrinders.com

Solitaire Machine Tools Ltd manufactures precision centerless grinders. The company has one reportable segment namely Centerless Grinding Machine & Spares parts & Accessories. The firm also offers CNC products, including precision servo infeed attachments, servo drives for regulating wheels, two-axis CNC grinding wheel dressers, and diamond roll dressers for grinding wheels, as well as two, three, four, and five-axis CNC grinder controls. The company also provides remanufacturing and CNC retrofitting services for grinders. Its centerless grinders are used in the industry like an automobile, automobile ancillaries, textiles machinery, steel industry, and bearing industry.

Solitaire Machine Tools (BOM:522152) Headlines

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