Hilton Metal Forging (BOM:532847) Cash-to-Debt : 0.03 (As of Mar. 2024)

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What is Hilton Metal Forging 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. Hilton Metal Forging's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.03.

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, Hilton Metal Forging 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 Hilton Metal Forging's Cash-to-Debt or its related term are showing as below:

BOM:532847' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.34
Current: 0.03

During the past 13 years, Hilton Metal Forging's highest Cash to Debt Ratio was 0.34. The lowest was 0.00. And the median was 0.02.

BOM:532847's Cash-to-Debt is ranked worse than
97.46% of 2997 companies
in the Industrial Products industry
Industry Median: 1.23 vs BOM:532847: 0.03

Hilton Metal Forging Cash-to-Debt Historical Data

The historical data trend for Hilton Metal Forging'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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Hilton Metal Forging Cash-to-Debt Chart

Hilton Metal Forging Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.01

0.03

Hilton Metal Forging 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															-	N/A	0.03	N/A	0.03

Competitive Comparison of Hilton Metal Forging's Cash-to-Debt

For the Metal Fabrication subindustry, Hilton Metal Forging'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.

Hilton Metal Forging's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hilton Metal Forging's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hilton Metal Forging's Cash-to-Debt falls into.

Hilton Metal Forging 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.

Hilton Metal Forging'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)
	=	14.41	/	(371.478	+	140.34)
	=	0.03

Hilton Metal Forging'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)
	=	14.41	/	(371.478	+	140.34)
	=	0.03

Hilton Metal Forging (BOM:532847) 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.

Hilton Metal Forging Cash-to-Debt Related Terms

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

Hilton Metal Forging (BOM:532847) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hilton Metal Forging Ltd (BOM:532847) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

HILTON:India

Address

Akurli Road, Near - Growel 101 Mall, 204, Tanishka Commercial Building, Kandivali - East, Mumbai, MH, IND, 400101

Website

https://www.hiltonmetal.com

Hilton Metal Forging Ltd is engaged in the business of manufacturing iron and steel forging. The company serves Oil and gas industry, Petrochemicals, and refineries industry. The company's products portfolio includes Flanges and forged fittings, Engineered parts, Stainless steel flanges, High-pressure flanges, Crankshaft, Body bonnets, Hydraulic fittings, Forged components, Christmas tree components, Topdeck cover, Stub ends, Threaded flanges, Blind flanges, Weld neck flanges, and socket welded flanges.

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