Inducto Steel (BOM:532001) Cash-to-Debt : 0.50 (As of Sep. 2024)

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What is Inducto Steel 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. Inducto Steel's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.50.

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, Inducto Steel couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

BOM:532001' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 8.02 Max: No Debt
Current: 0.5

During the past 13 years, Inducto Steel's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 8.02.

BOM:532001's Cash-to-Debt is ranked better than
57.89% of 247 companies
in the Waste Management industry
Industry Median: 0.39 vs BOM:532001: 0.50

Inducto Steel Cash-to-Debt Historical Data

The historical data trend for Inducto Steel'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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Inducto Steel Cash-to-Debt Chart

Inducto Steel Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.04

3.12

0.40

0.11

Inducto Steel 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															54.57	N/A	0.11	N/A	0.50

Competitive Comparison of Inducto Steel's Cash-to-Debt

For the Waste Management subindustry, Inducto Steel'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.

Inducto Steel's Cash-to-Debt Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Inducto Steel's Cash-to-Debt distribution charts can be found below:

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

Inducto Steel 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.

Inducto Steel'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)
	=	3.737	/	(34.828	+	0)
	=	0.11

Inducto Steel'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)
	=	34.299	/	(69.081	+	0)
	=	0.50

Inducto Steel (BOM:532001) 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.

Inducto Steel Cash-to-Debt Related Terms

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Inducto Steel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Inducto Steel Ltd (BOM:532001) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

220, Jamnalal Bajaj Marg, 156, Maker Chambers VI, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.hariyanagroup.com

Inducto Steel Ltd is a company that operates in ship breaking business. The activities of the group function through Mumbai in trading and investments and via Bhavnagar in shipbreaking and trading segments. The Trading engages in the business of trading in metal scrap, coals, graphite electrodes, and other industrial inouts. Ship Breaking includes dismantling or breaking old and used ships. The company's geographic segment includes Mumbai and Bhavnagar. The company generates the majority of its revenue from Bhavnagar.

Inducto Steel Headlines

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