SMC Global Securities (BOM:543263) Cash-to-Debt : 1.61 (As of Mar. 2024)

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What is SMC Global Securities 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. SMC Global Securities's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.61.

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, SMC Global Securities could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

BOM:543263' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.9 Max: 2.9
Current: 1.61

During the past 5 years, SMC Global Securities's highest Cash to Debt Ratio was 2.90. The lowest was 0.09. And the median was 0.90.

BOM:543263's Cash-to-Debt is ranked worse than
54.38% of 776 companies
in the Capital Markets industry
Industry Median: 2.015 vs BOM:543263: 1.61

SMC Global Securities Cash-to-Debt Historical Data

The historical data trend for SMC Global Securities'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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SMC Global Securities Cash-to-Debt Chart

SMC Global Securities Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

2.90

0.09

0.19

N/A

1.61

SMC Global Securities Quarterly Data
	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												N/A	N/A	1.47	N/A	1.61

Competitive Comparison of SMC Global Securities's Cash-to-Debt

For the Capital Markets subindustry, SMC Global Securities'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.

SMC Global Securities's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, SMC Global Securities's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where SMC Global Securities's Cash-to-Debt falls into.

SMC Global Securities 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.

SMC Global Securities'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)
	=	23585.319	/	(0	+	14668.209)
	=	1.61

SMC Global Securities'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)
	=	23585.319	/	(0	+	14668.209)
	=	1.61

SMC Global Securities (BOM:543263) 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.

SMC Global Securities Cash-to-Debt Related Terms

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SMC Global Securities (BOM:543263) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » SMC Global Securities Ltd (BOM:543263) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SMCGLOBAL:India

Address

Pusa Road, 11/6B, Shanti Chamber, New Delhi, IND, 110005

Website

https://www.smcindiaonline.com

SMC Global Securities Ltd is a diversified financial services company in India. The company offers brokerage services across the asset classes of equities, commodities and currency, investment banking, wealth management, distribution of third-party financial products, research, financing, depository services, insurance broking, clearing services, mortgage advisory, and real estate advisory services to corporates, institutions, high net worth individuals, and other retail clients.

SMC Global Securities (BOM:543263) Headlines

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