Global Vectra Helicorp (BOM:532773) Cash-to-Debt : 0.16 (As of Mar. 2024)

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What is Global Vectra Helicorp 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. Global Vectra Helicorp's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.16.

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, Global Vectra Helicorp 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 Global Vectra Helicorp's Cash-to-Debt or its related term are showing as below:

BOM:532773' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.18
Current: 0.16

During the past 13 years, Global Vectra Helicorp's highest Cash to Debt Ratio was 0.18. The lowest was 0.00. And the median was 0.03.

BOM:532773's Cash-to-Debt is ranked worse than
75.39% of 967 companies
in the Transportation industry
Industry Median: 0.49 vs BOM:532773: 0.16

Global Vectra Helicorp Cash-to-Debt Historical Data

The historical data trend for Global Vectra Helicorp'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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Global Vectra Helicorp Cash-to-Debt Chart

Global Vectra Helicorp Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.01

0.06

0.07

0.16

Global Vectra Helicorp 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															0.07	N/A	0.14	N/A	0.16

Competitive Comparison of Global Vectra Helicorp's Cash-to-Debt

For the Airports & Air Services subindustry, Global Vectra Helicorp'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.

Global Vectra Helicorp's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Global Vectra Helicorp's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Global Vectra Helicorp's Cash-to-Debt falls into.

Global Vectra Helicorp 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.

Global Vectra Helicorp'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)
	=	829.555	/	(1755.237	+	3417.321)
	=	0.16

Global Vectra Helicorp'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)
	=	829.555	/	(1755.237	+	3417.321)
	=	0.16

Global Vectra Helicorp (BOM:532773) 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.

Global Vectra Helicorp Cash-to-Debt Related Terms

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

Global Vectra Helicorp (BOM:532773) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Global Vectra Helicorp Ltd (BOM:532773) » Definitions » Cash-to-Debt

Traded in Other Exchanges

GLOBALVECT:India

Address

Hangar Number - C - He / Hf, Airports Authority of India, Civil Aerodrome, Juhu, Mumbai, MH, IND, 400056

Website

https://www.globalhelicorp.com

Global Vectra Helicorp Ltd is engaged in providing helicopter services. The company provides onshore and offshore services for oil and gas operations, the productions sector, geophysical survey, corporate and VIP flights, aerial photography and filming, religious tourism, emergency services, underslung operations, and power grid maintenance. It operates in a single segment that is the provision of helicopter services in India. The company has its main maintenance base at Juhu Airport, Mumbai with sub-bases supporting onshore and offshore operations across the length and breadth of India.

Global Vectra Helicorp (BOM:532773) Headlines

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