Narendra Properties (BOM:531416) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Narendra Properties 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. Narendra Properties's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

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, Narendra Properties could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

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

BOM:531416' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 5000.21 Max: No Debt
Current: No Debt

During the past 13 years, Narendra Properties's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 5000.21.

BOM:531416's Cash-to-Debt is ranked better than
99.67% of 1797 companies
in the Real Estate industry
Industry Median: 0.25 vs BOM:531416: No Debt

Narendra Properties Cash-to-Debt Historical Data

The historical data trend for Narendra Properties'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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Narendra Properties Cash-to-Debt Chart

Narendra Properties Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.07

0.42

0.03

No Debt

Narendra Properties 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															No Debt	N/A	No Debt	N/A	No Debt

Competitive Comparison of Narendra Properties's Cash-to-Debt

For the Real Estate - Development subindustry, Narendra Properties'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.

Narendra Properties's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Narendra Properties's Cash-to-Debt distribution charts can be found below:

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

Narendra Properties 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.

Narendra Properties's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Narendra Properties had no debt ⁽¹⁾.

Narendra Properties's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Narendra Properties had no debt ⁽¹⁾.

Narendra Properties (BOM:531416) 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.

Narendra Properties Cash-to-Debt Related Terms

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

Narendra Properties (BOM:531416) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Narendra Properties Ltd (BOM:531416) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Barnaby Road, Makanji House, 2nd Floor, No. 49 (Old No. 25), Kilpauk, Chennai, TN, IND, 600 010

Website

https://www.narendraproperties.com

Narendra Properties Ltd is an India-based real estate company. It is involved in undertaking development projects of residential and commercial multi-storied apartment complexes. In addition, it also undertakes civil construction projects. The company operates in the development of commercial and residential properties segment. Some of its projects are Devi, Anjli, Agastya, Manor and others. Geographically operates only in India.

Narendra Properties (BOM:531416) Headlines

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Narendra Properties (BOM:531416) Cash-to-Debt : No Debt (1) (As of Mar. 2024)