Rasandik Engineering Industries India (BOM:522207) Cash-to-Debt : N/A (As of Dec. 2023)

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What is Rasandik Engineering Industries India 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. Rasandik Engineering Industries India's cash to debt ratio for the quarter that ended in Dec. 2023 was N/A.

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

BOM:522207' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.08
Current: 0.05

During the past 13 years, Rasandik Engineering Industries India's highest Cash to Debt Ratio was 0.08. The lowest was 0.00. And the median was 0.02.

BOM:522207's Cash-to-Debt is ranked worse than
91.53% of 1240 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs BOM:522207: 0.05

Rasandik Engineering Industries India Cash-to-Debt Historical Data

The historical data trend for Rasandik Engineering Industries India'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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Rasandik Engineering Industries India Cash-to-Debt Chart

Rasandik Engineering Industries India Annual Data

Trend

Mar14

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Mar23

Cash-to-Debt

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Rasandik Engineering Industries India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															N/A	-	N/A	0.05	N/A

Competitive Comparison of Rasandik Engineering Industries India's Cash-to-Debt

For the Auto Parts subindustry, Rasandik Engineering Industries India'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.

Rasandik Engineering Industries India's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Rasandik Engineering Industries India's Cash-to-Debt distribution charts can be found below:

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

Rasandik Engineering Industries India 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.

Rasandik Engineering Industries India's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 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)
	=	0.325	/	(618.5	+	144.996)
	=	0.00

Rasandik Engineering Industries India's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Rasandik Engineering Industries India (BOM:522207) 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.

Rasandik Engineering Industries India Cash-to-Debt Related Terms

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Rasandik Engineering Industries India (BOM:522207) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Rasandik Engineering Industries India Ltd (BOM:522207) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

13/14, Roz-Ka-Meo Industrial Area, Sohna District, Gurugram, HR, IND, 122103

Website

https://www.rasandik.com

Rasandik Engineering Industries India Ltd is engaged in the manufacturing of sheet metal components, TWB and tool and dies for automobiles. The company's products include Tailored welding blanks, Engineering solutions, Tools and dies, Body-in-white (BIW) parts, Suspension parts, Fuel tanks, Exhaust line and CNC bending, Scissor Jack, and White goods. The company earns a majority of its revenue from the domestic sales of sheet metal. The company has only one business segment which is the manufacturing of components.

Rasandik Engineering Industries India (BOM:522207) Headlines

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