Salem Erode Investments (BOM:540181) Cash-to-Debt : 0.18 (As of Jun. 2024)

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What is Salem Erode Investments 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. Salem Erode Investments's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.18.

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, Salem Erode Investments couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

BOM:540181' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 2.92 Max: No Debt
Current: 0.18

During the past 13 years, Salem Erode Investments's highest Cash to Debt Ratio was No Debt. The lowest was 0.08. And the median was 2.92.

BOM:540181's Cash-to-Debt is ranked worse than
52.92% of 514 companies
in the Credit Services industry
Industry Median: 0.21 vs BOM:540181: 0.18

Salem Erode Investments Cash-to-Debt Historical Data

The historical data trend for Salem Erode Investments'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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Salem Erode Investments Cash-to-Debt Chart

Salem Erode Investments Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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No Debt

3.63

0.45

0.36

0.77

Salem Erode Investments Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.08	0.10	0.45	0.77	0.18

Competitive Comparison of Salem Erode Investments's Cash-to-Debt

For the Credit Services subindustry, Salem Erode Investments'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.

Salem Erode Investments's Cash-to-Debt Distribution in the Credit Services Industry

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

* The bar in red indicates where Salem Erode Investments's Cash-to-Debt falls into.

Salem Erode Investments 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.

Salem Erode Investments'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)
	=	153.534	/	(67.69	+	132.818)
	=	0.77

Salem Erode Investments's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	34.854	/	(0	+	198.154)
	=	0.18

Salem Erode Investments (BOM:540181) 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.

Salem Erode Investments Cash-to-Debt Related Terms

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

Salem Erode Investments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Salem Erode Investments Ltd (BOM:540181) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Irinjalakuda Main Road, V. K. K. Building, Thrissur, KL, IND, 680121

Website

https://www.salemerode.com

Salem Erode Investments Ltd is engaged in the lending and investment business in India. It is a finance company that helps to secure the future financially and helps in the financial crisis. The company invests in listed and unlisted equity shares, debt instruments of companies in a wide range of industries, and mutual funds. It also lends money with or without security. The company generates revenue from interest income and dividends.

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