Mehai Technology (BOM:540730) Cash-to-Debt : 0.08 (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Mehai Technology 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. Mehai Technology's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.08.

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

BOM:540730' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 1.13 Max: No Debt
Current: 0.08

During the past 11 years, Mehai Technology's highest Cash to Debt Ratio was No Debt. The lowest was 0.08. And the median was 1.13.

BOM:540730's Cash-to-Debt is ranked worse than
88.38% of 525 companies
in the Conglomerates industry
Industry Median: 0.49 vs BOM:540730: 0.08

Mehai Technology Cash-to-Debt Historical Data

The historical data trend for Mehai Technology'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.

* Premium members only.

Mehai Technology Cash-to-Debt Chart

Mehai Technology Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.89

1.33

0.50

0.08

Mehai Technology 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															0.50	N/A	0.17	N/A	0.08

Competitive Comparison of Mehai Technology's Cash-to-Debt

For the Conglomerates subindustry, Mehai Technology'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.

Mehai Technology's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Mehai Technology's Cash-to-Debt distribution charts can be found below:

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

Mehai Technology 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.

Mehai Technology'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)
	=	6.723	/	(85.818	+	2.723)
	=	0.08

Mehai Technology'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)
	=	6.723	/	(85.818	+	2.723)
	=	0.08

Mehai Technology (BOM:540730) 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.

Mehai Technology Cash-to-Debt Related Terms

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

Mehai Technology (BOM:540730) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Mehai Technology Ltd (BOM:540730) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit No. 708, 7th Floor, ECO Centre,Block-EM-4 Sector-V, Salt Lake, Kolkata, WB, IND, 700091

Website

https://www.mehaitech.co.in

Mehai Technology Ltd is engaged in the manufacturing of LED bulbs and fixtures. Its product range includes LED bulbs, night lamps, mood lights, tube lights, power banks, and pen drives. They specialize in in IT & ITES solutions and are committed with cutting edge technology solutions. The company's segments are Electronic Items and Trading activities.

Mehai Technology (BOM:540730) Headlines

No Headlines