India Nippon Electricals (BOM:532240) Cash-to-Debt : 68.25 (As of Mar. 2024)

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What is India Nippon Electricals 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. India Nippon Electricals's cash to debt ratio for the quarter that ended in Mar. 2024 was 68.25.

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, India Nippon Electricals could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

BOM:532240' s Cash-to-Debt Range Over the Past 10 Years
Min: 32.97 Med: 5034.12 Max: No Debt
Current: 68.25

During the past 13 years, India Nippon Electricals's highest Cash to Debt Ratio was No Debt. The lowest was 32.97. And the median was 5034.12.

BOM:532240's Cash-to-Debt is ranked better than
92.82% of 1295 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs BOM:532240: 68.25

India Nippon Electricals Cash-to-Debt Historical Data

The historical data trend for India Nippon Electricals'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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India Nippon Electricals Cash-to-Debt Chart

India Nippon Electricals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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33.41

32.97

43.13

47.80

68.25

India Nippon Electricals 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															47.80	N/A	59.97	N/A	68.25

Competitive Comparison of India Nippon Electricals's Cash-to-Debt

For the Auto Parts subindustry, India Nippon Electricals'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.

India Nippon Electricals's Cash-to-Debt Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where India Nippon Electricals's Cash-to-Debt falls into.

India Nippon Electricals 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.

India Nippon Electricals'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)
	=	2006.5	/	(8.2	+	21.2)
	=	68.25

India Nippon Electricals'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)
	=	2006.5	/	(8.2	+	21.2)
	=	68.25

India Nippon Electricals (BOM:532240) 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.

India Nippon Electricals Cash-to-Debt Related Terms

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

India Nippon Electricals (BOM:532240) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » India Nippon Electricals Ltd (BOM:532240) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

INDNIPPON:India

Address

No. 11 and 13, (Old No. 6 and 7) Patullos Road, Chennai, TN, IND, 600002

Website

https://www.indianippon.com

India Nippon Electricals Ltd is an India based company, engages in the business of manufacturing electronic ignition systems for two-wheelers, three-wheelers, and portable engines. The company offers AC generator products, such as flywheel magneto, stator, and rotor products, as well as CDI and TCI products, regulator and rectifier units, ignition coils, exhaust gas recirculation controllers, engine controller units, auto choke-generation purpose engines, dual output ignition products, non-contact and contact type throttle position sensors, and PM alternators. Geographically, it derives a majority of revenue from India.

India Nippon Electricals (BOM:532240) Headlines

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