Evans Electric (BOM:542668) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Evans Electric 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. Evans Electric's cash to debt ratio for the quarter that ended in Sep. 2024 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, Evans Electric could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

(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 Evans Electric's Cash-to-Debt or its related term are showing as below:

BOM:542668' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.99 Med: 18.22 Max: No Debt
Current: 0.99

During the past 9 years, Evans Electric's highest Cash to Debt Ratio was No Debt. The lowest was 0.99. And the median was 18.22.

BOM:542668's Cash-to-Debt is ranked worse than
54.37% of 3011 companies
in the Industrial Products industry
Industry Median: 1.26 vs BOM:542668: 0.99

Evans Electric Cash-to-Debt Historical Data

The historical data trend for Evans Electric'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.

Evans Electric Cash-to-Debt Chart

Evans Electric Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

20.43

20.25

3.54

No Debt

6.93

Evans Electric Semi-Annual Data
	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial											6.70	No Debt	1.02	6.93	No Debt

Competitive Comparison of Evans Electric's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Evans Electric'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.

Evans Electric's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Evans Electric's Cash-to-Debt distribution charts can be found below:

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

Save Embed

;

Save Embed

;

Evans Electric 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.

Evans Electric'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)
	=	27.866	/	(4.023	+	0)
	=	6.93

Evans Electric's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Evans Electric had no debt ⁽¹⁾.

Evans Electric (BOM:542668) 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.

Evans Electric Cash-to-Debt Related Terms

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

Evans Electric Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Evans Electric Ltd (BOM:542668) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

430, Orchard Mall, 3rd Floor, A Wing, Royal Palms Estate, Aarey Milk Colony, Goregaon (East), Mumbai, MH, IND, 400065

Website

https://www.evanselectric.co.in

Evans Electric Ltd is engaged in the business of repairing, re-winding, and re-designing small, medium, and large electric motors, generators, and transformers. It offers Power Generator Stators, Power Generator Rotors, Low and High Voltage Electric Motors and Generators, DC Motors and Generators, VFD Driven Motors, and Power and Distribution Transformers. The company derives its revenue only from India.

Evans Electric Headlines

No Headlines

Evans Electric (BOM:542668) Cash-to-Debt : No Debt (1) (As of Sep. 2024)