Rane Brake Linings (BOM:532987) Cash-to-Debt : 14.35 (As of Mar. 2024)

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What is Rane Brake Linings 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. Rane Brake Linings's cash to debt ratio for the quarter that ended in Mar. 2024 was 14.35.

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, Rane Brake Linings 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 Rane Brake Linings's Cash-to-Debt or its related term are showing as below:

BOM:532987' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 60.25 Max: 198.14
Current: 14.35

During the past 13 years, Rane Brake Linings's highest Cash to Debt Ratio was 198.14. The lowest was 0.04. And the median was 60.25.

BOM:532987's Cash-to-Debt is ranked better than
88.55% of 1293 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs BOM:532987: 14.35

Rane Brake Linings Cash-to-Debt Historical Data

The historical data trend for Rane Brake Linings'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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Rane Brake Linings Cash-to-Debt Chart

Rane Brake Linings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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41.25

134.39

94.48

157.58

14.35

Rane Brake Linings 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															157.58	N/A	7.10	N/A	14.35

Competitive Comparison of Rane Brake Linings's Cash-to-Debt

For the Auto Parts subindustry, Rane Brake Linings'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.

Rane Brake Linings's Cash-to-Debt Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Rane Brake Linings's Cash-to-Debt falls into.

Rane Brake Linings 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.

Rane Brake Linings'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)
	=	90.4	/	(1.6	+	4.7)
	=	14.35

Rane Brake Linings'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)
	=	90.4	/	(1.6	+	4.7)
	=	14.35

Rane Brake Linings (BOM:532987) 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.

Rane Brake Linings Cash-to-Debt Related Terms

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Rane Brake Linings (BOM:532987) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Rane Brake Linings Ltd (BOM:532987) » Definitions » Cash-to-Debt

Traded in Other Exchanges

RBL:India

Address

Malthri, No. 132, Cathedral Road, Rane Corporate Centre, Chennai, TN, IND, 600 086

Website

https://www.ranegroup.com

Rane Brake Linings Ltd manufactures and markets auto components. The company offers products such as brake linings, disc pads, clutch facings, clutch buttons, brake shoes and railway brake blocks for passenger cars, utility vehicles, commercial vehicles, two-wheelers, and railways. Geographically, it derives a majority of revenue from India and also has a presence in the Rest of the World. It is engaged in activities related to the manufacture and supply of auto components for the transportation industry.

Rane Brake Linings (BOM:532987) Headlines

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