Waaree Renewable Technologies (BOM:534618) Cash-to-Debt : 3.20 (As of Mar. 2024)

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What is Waaree Renewable Technologies 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. Waaree Renewable Technologies's cash to debt ratio for the quarter that ended in Mar. 2024 was 3.20.

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, Waaree Renewable Technologies 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 Waaree Renewable Technologies's Cash-to-Debt or its related term are showing as below:

BOM:534618' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 2.06 Max: No Debt
Current: 3.2

During the past 13 years, Waaree Renewable Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 0.08. And the median was 2.06.

BOM:534618's Cash-to-Debt is ranked better than
85.51% of 428 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.23 vs BOM:534618: 3.20

Waaree Renewable Technologies Cash-to-Debt Historical Data

The historical data trend for Waaree Renewable Technologies'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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Waaree Renewable Technologies Cash-to-Debt Chart

Waaree Renewable Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.92

0.27

0.33

0.08

3.20

Waaree Renewable Technologies 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															0.08	N/A	1.71	N/A	3.20

Competitive Comparison of Waaree Renewable Technologies's Cash-to-Debt

For the Utilities - Renewable subindustry, Waaree Renewable Technologies'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.

Waaree Renewable Technologies's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Waaree Renewable Technologies's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Waaree Renewable Technologies's Cash-to-Debt falls into.

Waaree Renewable Technologies 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.

Waaree Renewable Technologies'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)
	=	1318.922	/	(138.384	+	273.45)
	=	3.20

Waaree Renewable Technologies'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)
	=	1318.922	/	(138.384	+	273.45)
	=	3.20

Waaree Renewable Technologies (BOM:534618) 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.

Waaree Renewable Technologies Cash-to-Debt Related Terms

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Waaree Renewable Technologies (BOM:534618) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Waaree Renewable Technologies Ltd (BOM:534618) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Opposite Western Express Highway, 504, Western Edge - I, Borivali (East), Mumbai, MH, IND, 400066

Website

https://www.waareertl.com

Waaree Renewable Technologies Ltd is engaged in the business of generation of power and providing consultancy services. It offers sustainable partnerships by providing renewable energy solutions to industrial, institutional, and commercial sectors and improves their profitability through the long-term renewable power supply. It generates maximum revenue from the EPC Contracts. Its projects include Ground Mounted, Rooftop Solar, and Floating Solar.

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