Comrade Appliances (BOM:543921) Cash-to-Debt : 0.05 (As of Sep. 2024)

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What is Comrade Appliances 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. Comrade Appliances's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.05.

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, Comrade Appliances couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

BOM:543921' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.05
Current: 0.05

During the past 5 years, Comrade Appliances's highest Cash to Debt Ratio was 0.05. The lowest was 0.00. And the median was 0.03.

BOM:543921's Cash-to-Debt is ranked worse than
90.49% of 431 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.01 vs BOM:543921: 0.05

Comrade Appliances Cash-to-Debt Historical Data

The historical data trend for Comrade Appliances'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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Comrade Appliances Cash-to-Debt Chart

Comrade Appliances Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

0.02

0.03

0.02

0.04

0.05

Comrade Appliances Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial			N/A	0.04	-	0.05	0.05

Competitive Comparison of Comrade Appliances's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, Comrade Appliances'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.

Comrade Appliances's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Comrade Appliances's Cash-to-Debt distribution charts can be found below:

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

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Comrade Appliances 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.

Comrade Appliances'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)
	=	6.791	/	(121.257	+	18.017)
	=	0.05

Comrade Appliances's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	9.95	/	(123.082	+	67.262)
	=	0.05

Comrade Appliances (BOM:543921) 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.

Comrade Appliances Cash-to-Debt Related Terms

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Comrade Appliances Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Comrade Appliances Ltd (BOM:543921) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

183-186, S.V. Road, Shop No. 39, Ground Level I, Dewan Centre, Jogeshwari West, Mumbai, MH, IND, 400102

Website

https://www.comrade.net.in

Comrade Appliances Ltd is engaged in the process of manufacturing an extensive array of Air Coolers and Electric Geysers. The company manufactures consumer durable goods assembles a wide Varieties of products and provides end-to-end product solutions. It serves under both original equipment manufacturer (OEM) and original design manufacturer (ODM) business models. The Company has only one reportable Business Segment, which is the manufacturing of Electrical Machinery and Apparatus. The Company operates in one Geographical Segment namely within India.

Comrade Appliances Headlines

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