Modis Navnirman (BOM:543539) Cash-to-Debt : 1.33 (As of Mar. 2024)

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What is Modis Navnirman 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. Modis Navnirman's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.33.

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

BOM:543539' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.35 Max: 1.33
Current: 1.33

During the past 5 years, Modis Navnirman's highest Cash to Debt Ratio was 1.33. The lowest was 0.07. And the median was 0.35.

BOM:543539's Cash-to-Debt is ranked better than
75.88% of 1795 companies
in the Real Estate industry
Industry Median: 0.25 vs BOM:543539: 1.33

Modis Navnirman Cash-to-Debt Historical Data

The historical data trend for Modis Navnirman'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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Modis Navnirman Cash-to-Debt Chart

Modis Navnirman Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

0.07

1.02

0.07

0.35

1.33

Modis Navnirman Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial			0.07	1.63	0.35	0.08	1.33

Competitive Comparison of Modis Navnirman's Cash-to-Debt

For the Real Estate - Development subindustry, Modis Navnirman'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.

Modis Navnirman's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Modis Navnirman's Cash-to-Debt distribution charts can be found below:

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

Modis Navnirman 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.

Modis Navnirman'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)
	=	76.68	/	(0	+	57.865)
	=	1.33

Modis Navnirman'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)
	=	76.68	/	(0	+	57.865)
	=	1.33

Modis Navnirman (BOM:543539) 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.

Modis Navnirman Cash-to-Debt Related Terms

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Modis Navnirman (BOM:543539) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Modis Navnirman Ltd (BOM:543539) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

M G Road, Shop No. 1, Rashmi Heights, Opposite Kamla Nagar, Kandivali (West), Mumbai, MH, IND, 400067

Website

https://www.modisnirman.com

Modis Navnirman Ltd is engaged in the real estate sector. It focuses on the mid-market and affordable housing categories as its target segment within the residential housing market. The company's projects are located in the western suburbs of Mumbai specifically in and around the areas of Borivali, Kandivali, Malad and Goregaon. The company projects are Rashmi Enclave, Badshah Residency, Rashmi Jewel, Rashmi Terrace and others.

Modis Navnirman (BOM:543539) Headlines

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