Essar Shipping (BOM:533704) Cash-to-Debt : 0.13 (As of Mar. 2024)

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What is Essar Shipping 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. Essar Shipping's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.13.

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, Essar Shipping 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 Essar Shipping's Cash-to-Debt or its related term are showing as below:

BOM:533704' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.34
Current: 0.13

During the past 13 years, Essar Shipping's highest Cash to Debt Ratio was 0.34. The lowest was 0.00. And the median was 0.01.

BOM:533704's Cash-to-Debt is ranked worse than
79.52% of 967 companies
in the Transportation industry
Industry Median: 0.49 vs BOM:533704: 0.13

Essar Shipping Cash-to-Debt Historical Data

The historical data trend for Essar Shipping'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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Essar Shipping Cash-to-Debt Chart

Essar Shipping Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.01

0.13

Essar Shipping 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															0.01	N/A	0.12	N/A	0.13

Competitive Comparison of Essar Shipping's Cash-to-Debt

For the Marine Shipping subindustry, Essar Shipping'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.

Essar Shipping's Cash-to-Debt Distribution in the Transportation Industry

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

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

Essar Shipping 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.

Essar Shipping'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)
	=	3291.4	/	(20192.4	+	6227.4)
	=	0.12

Essar Shipping'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)
	=	3291.4	/	(20192.4	+	6227.4)
	=	0.12

Essar Shipping (BOM:533704) 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.

Essar Shipping Cash-to-Debt Related Terms

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

Essar Shipping (BOM:533704) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Essar Shipping Ltd (BOM:533704) » Definitions » Cash-to-Debt

Traded in Other Exchanges

ESSARSHPNG:India

Address

11, K.K. Marg, Essar House, Mahalaxmi, Mumbai, MH, IND, 400 034

Website

https://www.essar.com

Essar Shipping Ltd is engaged in fleet operating and chartering and operates in international and coastal voyages. The company is diversified across various sectors of Energy, Infrastructure (comprising Ports and EPC businesses), Metals and Mining, and Services (Shipping, IT and Retail businesses). It also provides oilfield drilling services. The oilfields services business provides contract drilling services to oil and gas companies across the globe. The company generates maximum revenue from fleet operating and chartering segment.

Essar Shipping (BOM:533704) Headlines

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