Ranjeet Mechatronics (BOM:541945) Cash-to-Debt : 0.09 (As of Mar. 2024)

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What is Ranjeet Mechatronics 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. Ranjeet Mechatronics's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.09.

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

BOM:541945' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.08 Max: 0.13
Current: 0.09

During the past 11 years, Ranjeet Mechatronics's highest Cash to Debt Ratio was 0.13. The lowest was 0.05. And the median was 0.08.

BOM:541945's Cash-to-Debt is ranked worse than
87.45% of 1068 companies
in the Business Services industry
Industry Median: 0.985 vs BOM:541945: 0.09

Ranjeet Mechatronics Cash-to-Debt Historical Data

The historical data trend for Ranjeet Mechatronics'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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Ranjeet Mechatronics Cash-to-Debt Chart

Ranjeet Mechatronics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.13

0.11

0.10

0.08

0.09

Ranjeet Mechatronics Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial												0.10	0.16	0.08	0.22	0.09

Competitive Comparison of Ranjeet Mechatronics's Cash-to-Debt

For the Security & Protection Services subindustry, Ranjeet Mechatronics'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.

Ranjeet Mechatronics's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Ranjeet Mechatronics's Cash-to-Debt distribution charts can be found below:

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

Ranjeet Mechatronics 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.

Ranjeet Mechatronics'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)
	=	7.346	/	(73.109	+	10.744)
	=	0.09

Ranjeet Mechatronics'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)
	=	7.346	/	(73.109	+	10.744)
	=	0.09

Ranjeet Mechatronics (BOM:541945) 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.

Ranjeet Mechatronics Cash-to-Debt Related Terms

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Ranjeet Mechatronics (BOM:541945) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ranjeet Mechatronics Ltd (BOM:541945) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Anand Nagar Char Rasta, Prahlad Nagar Road, Block A, Office No. 407/408, 4th Floor, Dev Aurum, Ahmedabad, GJ, IND, 380 015

Website

https://www.ranjeet.co.in

Ranjeet Mechatronics Ltd is a company providing specialized firefighting solutions as a system integrator. It provides end-to-end solutions in the installation, designing, commission, testing, implementation, management and operational support for technology-based security and fire solutions. Products and services offered by the company include a fire sprinkler system, fire detection system, gas suppression system, fire extinguishers system, fire hydrant system, high-velocity water spray system, and a medium-velocity water spray system.

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