Tips Music (BOM:532375) Cash-to-Debt : N/A (As of Jun. 2024)

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What is Tips Music 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. Tips Music's cash to debt ratio for the quarter that ended in Jun. 2024 was N/A.

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

BOM:532375' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 1.09 Max: No Debt
Current: 44.38

During the past 13 years, Tips Music's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 1.09.

BOM:532375's Cash-to-Debt is ranked better than
86.38% of 1035 companies
in the Media - Diversified industry
Industry Median: 1.28 vs BOM:532375: 44.38

Tips Music Cash-to-Debt Historical Data

The historical data trend for Tips Music'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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Tips Music Cash-to-Debt Chart

Tips Music Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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13.89

No Debt

17.03

28.35

44.38

Tips Music Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															N/A	35.61	N/A	44.38	N/A

Competitive Comparison of Tips Music's Cash-to-Debt

For the Entertainment subindustry, Tips Music'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.

Tips Music's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Tips Music's Cash-to-Debt distribution charts can be found below:

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

Tips Music 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.

Tips Music'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)
	=	2221.826	/	(13.593	+	36.469)
	=	44.38

Tips Music's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Tips Music (BOM:532375) 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.

Tips Music Cash-to-Debt Related Terms

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Tips Music Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Tips Music Ltd (BOM:532375) » Definitions » Cash-to-Debt

Comparable Companies

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TIPSINDLTD:India

Address

Linking Road and Main Avenue, 2nd Floor, Raheja Chambers, Santacruz(West), Mumbai, MH, IND, 400 054

Website

https://www.tips.in

TIPS Industries Ltd operates in the media and entertainment industry. The principal business activities of the company include the production and distribution of cinematographic films and the exploitation of its content on various platforms. The company has structured its operations into the following business segments, Music (Audio/ Video); and Film Productions/Distribution. The majority of its revenue is derived from the Music (Audio/ Video) segment.

Tips Music Headlines

No Headlines