Ashoka Metcast (BOM:540923) Cash-to-Debt : 0.07 (As of Sep. 2024)

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What is Ashoka Metcast 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. Ashoka Metcast's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.07.

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, Ashoka Metcast couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

BOM:540923' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.05 Max: No Debt
Current: 0.07

During the past 12 years, Ashoka Metcast's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.05.

BOM:540923's Cash-to-Debt is ranked worse than
83.68% of 625 companies
in the Steel industry
Industry Median: 0.38 vs BOM:540923: 0.07

Ashoka Metcast Cash-to-Debt Historical Data

The historical data trend for Ashoka Metcast'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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Ashoka Metcast Cash-to-Debt Chart

Ashoka Metcast Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.02

0.01

0.09

0.03

Ashoka Metcast Quarterly Data
	Mar17	Nov17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.20	N/A	0.03	N/A	0.07

Competitive Comparison of Ashoka Metcast's Cash-to-Debt

For the Steel subindustry, Ashoka Metcast'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.

Ashoka Metcast's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ashoka Metcast's Cash-to-Debt distribution charts can be found below:

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

Ashoka Metcast 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.

Ashoka Metcast'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)
	=	5.052	/	(154.134	+	12.365)
	=	0.03

Ashoka Metcast's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	6.894	/	(86.956	+	15.528)
	=	0.07

Ashoka Metcast (BOM:540923) 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.

Ashoka Metcast Cash-to-Debt Related Terms

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Ashoka Metcast Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ashoka Metcast Ltd (BOM:540923) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

ASHOKAMET:India

Address

Mithakhali Six Roads, 7th Floor, Ashoka Chambers, Opposite HCG Hospital, Mithakhali, Ahmedabad, GJ, IND, 380006

Website

http://www.ashokametcast.in

Ashoka Metcast Ltd is currently engaged in the trading of structural steel and goods. The company has two segments namely Steel Trading and Trading of Goods. The company products are Thermo-Mechanically Treated bars, Angle bars, Mild steel bars, and Steel channels.

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