Purohit Construction (BOM:538993) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Purohit Construction 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. Purohit Construction's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, Purohit Construction could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

The historical rank and industry rank for Purohit Construction's Cash-to-Debt or its related term are showing as below:

BOM:538993' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 1.02 Max: No Debt
Current: 0.56

During the past 10 years, Purohit Construction's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 1.02.

BOM:538993's Cash-to-Debt is ranked better than
66.42% of 1793 companies
in the Real Estate industry
Industry Median: 0.25 vs BOM:538993: 0.56

Purohit Construction Cash-to-Debt Historical Data

The historical data trend for Purohit Construction'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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Purohit Construction Cash-to-Debt Chart

Purohit Construction Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

8.28

0.99

0.76

No Debt

Purohit Construction Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.13	No Debt	0.24	0.66	No Debt

Competitive Comparison of Purohit Construction's Cash-to-Debt

For the Real Estate - Development subindustry, Purohit Construction'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.

Purohit Construction's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Purohit Construction's Cash-to-Debt distribution charts can be found below:

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

Purohit Construction 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.

Purohit Construction's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Purohit Construction had no debt ⁽¹⁾.

Purohit Construction's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Purohit Construction had no debt ⁽¹⁾.

Purohit Construction (BOM:538993) 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.

Purohit Construction Cash-to-Debt Related Terms

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

Purohit Construction (BOM:538993) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Purohit Construction Ltd (BOM:538993) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

401, Purohit House, Opposite Sardar Patel Stadium, Navrangpura, Ahmedabad, GJ, IND, 380009

Website

https://www.purohitconstruction.com

Purohit Construction Ltd is an Indian-based company that operates in the real estate business. The activity of the group includes general construction business which includes alteration, addition, repair, and maintenance of non-residential buildings, carried out on the own-account basis or on a fee or contract basis. It primarily holds an interest in the development of residential, commercial, and CSR projects. The few projects of the group are Sopan Life Style, Sopan Elegance, Sopan Heights, Sukh Sagar, Ami apartment, Shaswat, Sukan, Podar Jumbo Kids and others.

Purohit Construction (BOM:538993) Headlines

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Purohit Construction (BOM:538993) Cash-to-Debt : No Debt (1) (As of Dec. 2023)