KJMCorate Advisors (India) (BOM:532304) Cash-to-Debt : 12.73 (As of Mar. 2024)

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What is KJMCorate Advisors (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. KJMCorate Advisors (India)'s cash to debt ratio for the quarter that ended in Mar. 2024 was 12.73.

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, KJMCorate Advisors (India) 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 KJMCorate Advisors (India)'s Cash-to-Debt or its related term are showing as below:

BOM:532304' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.49 Med: 13.29 Max: No Debt
Current: 12.73

During the past 13 years, KJMCorate Advisors (India)'s highest Cash to Debt Ratio was No Debt. The lowest was 4.49. And the median was 13.29.

BOM:532304's Cash-to-Debt is ranked better than
66.04% of 798 companies
in the Capital Markets industry
Industry Median: 2.22 vs BOM:532304: 12.73

KJMCorate Advisors (India) Cash-to-Debt Historical Data

The historical data trend for KJMCorate Advisors (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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KJMCorate Advisors (India) Cash-to-Debt Chart

KJMCorate Advisors (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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11.49

19.86

10.94

27.86

12.73

KJMCorate Advisors (India) 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															27.86	N/A	6.30	N/A	12.73

Competitive Comparison of KJMCorate Advisors (India)'s Cash-to-Debt

For the Capital Markets subindustry, KJMCorate Advisors (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.

KJMCorate Advisors (India)'s Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, KJMCorate Advisors (India)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where KJMCorate Advisors (India)'s Cash-to-Debt falls into.

KJMCorate Advisors (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.

KJMCorate Advisors (India)'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)
	=	83.091	/	(0	+	6.525)
	=	12.73

KJMCorate Advisors (India)'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)
	=	83.091	/	(0	+	6.525)
	=	12.73

KJMCorate Advisors (India) (BOM:532304) 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.

KJMCorate Advisors (India) Cash-to-Debt Related Terms

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KJMCorate Advisors (India) (BOM:532304) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » KJMC Corporate Advisors (India) Ltd (BOM:532304) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

162, Atlanta, 16th Floor, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.kjmcfinserv.com

KJMC Corporate Advisors (India) Ltd provides merchant banking services. The company is in the business of providing Corporate Advisory, Financial Advisory, Equity Valuation, and Investment Banking services It offers various services to the corporate sector which include merchant banking, mergers, and acquisition advisory services, syndication of funds, syndication of debt, and channel financing. The company operates with a single business segment of merchant banking operations in India. The company's revenue is generated from the Sale of Services, Brokerage and Depository Income, sale of Shares / Mutual Funds, Fair Value Changes, and Interest Income; the majority being from Brokerage and depository Income.

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