Containe Technologies (BOM:543606) Cash-to-Debt : 0.20 (As of Mar. 2024)

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What is Containe Technologies 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. Containe Technologies's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.20.

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

BOM:543606' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.07 Max: 0.2
Current: 0.2

During the past 5 years, Containe Technologies's highest Cash to Debt Ratio was 0.20. The lowest was 0.00. And the median was 0.07.

BOM:543606's Cash-to-Debt is ranked worse than
74.48% of 1301 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs BOM:543606: 0.20

Containe Technologies Cash-to-Debt Historical Data

The historical data trend for Containe Technologies'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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Containe Technologies Cash-to-Debt Chart

Containe Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

0.06

0.08

0.20

Containe Technologies Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial			-	N/A	0.08	0.21	0.20

Competitive Comparison of Containe Technologies's Cash-to-Debt

For the Auto Parts subindustry, Containe Technologies'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.

Containe Technologies's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Containe Technologies's Cash-to-Debt distribution charts can be found below:

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

Containe Technologies 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.

Containe Technologies'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)
	=	13.457	/	(22.068	+	46.828)
	=	0.20

Containe Technologies'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)
	=	13.457	/	(22.068	+	46.828)
	=	0.20

Containe Technologies (BOM:543606) 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.

Containe Technologies Cash-to-Debt Related Terms

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Containe Technologies (BOM:543606) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Containe Technologies Ltd (BOM:543606) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gokul Nagar, Marriguda, House No. 3-13-142/ 341P, 342, Mallapur, Secunderabad, Hyderabad, TG, IND, 500076

Website

https://www.containe.in

Containe Technologies Ltd is engaged in the business of Automobile Safety and GPS solutions in the Automobile Sector. The company manufactures a wide range of technology-intensive electronic and mechanical automotive products.

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