JMJ Fintech (BOM:538834) Cash-to-Debt : 0.01 (As of Mar. 2024)

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What is JMJ Fintech 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. JMJ Fintech's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.01.

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

BOM:538834' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 5000.27 Max: No Debt
Current: 0.01

During the past 11 years, JMJ Fintech's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 5000.27.

BOM:538834's Cash-to-Debt is ranked worse than
94.86% of 506 companies
in the Credit Services industry
Industry Median: 0.23 vs BOM:538834: 0.01

JMJ Fintech Cash-to-Debt Historical Data

The historical data trend for JMJ Fintech'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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JMJ Fintech Cash-to-Debt Chart

JMJ Fintech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

0.01

0.17

No Debt

0.53

0.01

JMJ Fintech 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															0.53	0.16	0.26	0.10	0.01

Competitive Comparison of JMJ Fintech's Cash-to-Debt

For the Credit Services subindustry, JMJ Fintech'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.

JMJ Fintech's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, JMJ Fintech's Cash-to-Debt distribution charts can be found below:

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

JMJ Fintech 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.

JMJ Fintech'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)
	=	0.515	/	(0	+	103.57)
	=	0.00

JMJ Fintech'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)
	=	0.515	/	(0	+	103.57)
	=	0.00

JMJ Fintech (BOM:538834) 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.

JMJ Fintech Cash-to-Debt Related Terms

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

JMJ Fintech (BOM:538834) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » JMJ Fintech Ltd (BOM:538834) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Gopalsamy Temple Street, Shop No 3, 1st Floor, Adhi Vinayaka Complex, No 3 Bus stand, Coimbatore, TN, IND, 641006

Website

https://jmjfintechltd.com

JMJ Fintech Ltd is an Indian non-banking finance company. The company is engaged in non-banking financial activities and investment/trading in shares and securities. It also lends money, provides loans to both corporate clients and high net worth individuals. The business also finances the small and medium-sized enterprise (SME) sector for growth. It acts as a consultant to the organizations for raising funds, including capital either through an initial public offering or private equity/venture funds. It serves as a management consultant relating to the merger, amalgamation, acquisitions, and valuation.

JMJ Fintech (BOM:538834) Headlines

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