Greencrest Financial Services (BOM:531737) Cash-to-Debt : 0.01 (As of Mar. 2024)

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What is Greencrest Financial Services 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. Greencrest Financial Services's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.01.

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, Greencrest Financial Services 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 Greencrest Financial Services's Cash-to-Debt or its related term are showing as below:

BOM:531737' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 3.41 Max: No Debt
Current: 0.01

During the past 13 years, Greencrest Financial Services's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 3.41.

BOM:531737's Cash-to-Debt is ranked worse than
98.5% of 798 companies
in the Capital Markets industry
Industry Median: 2.22 vs BOM:531737: 0.01

Greencrest Financial Services Cash-to-Debt Historical Data

The historical data trend for Greencrest Financial Services'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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Greencrest Financial Services Cash-to-Debt Chart

Greencrest Financial Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

3.19

3.63

0.01

0.03

0.01

Greencrest Financial Services 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	-	N/A	0.01

Competitive Comparison of Greencrest Financial Services's Cash-to-Debt

For the Capital Markets subindustry, Greencrest Financial Services'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.

Greencrest Financial Services's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Greencrest Financial Services's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Greencrest Financial Services's Cash-to-Debt falls into.

Greencrest Financial Services 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.

Greencrest Financial Services'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)
	=	4.28	/	(23.872	+	323.385)
	=	0.01

Greencrest Financial Services'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)
	=	4.28	/	(23.872	+	323.385)
	=	0.01

Greencrest Financial Services (BOM:531737) 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.

Greencrest Financial Services Cash-to-Debt Related Terms

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Greencrest Financial Services (BOM:531737) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Greencrest Financial Services Ltd (BOM:531737) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

8, Ganesh Chandra Avenue, Saha Court, 1st Floor, Kolkata, WB, IND, 700 013

Website

https://www.greencrestfin.com

Greencrest Financial Services Ltd is an India based non-banking financial company focused on Finance and Investments business. The company is engaged in financing, investing in shares and securities, commodities and other related activities of capital marketing. The firm is in the single business of trading in shares and securities and generates its entire revenue from this operation.

Greencrest Financial Services (BOM:531737) Headlines

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