Innovatus Entertainment Networks (BOM:543951) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Innovatus Entertainment Networks 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. Innovatus Entertainment Networks's cash to debt ratio for the quarter that ended in Mar. 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, Innovatus Entertainment Networks could pay off its debt using the cash in hand for the quarter that ended in Mar. 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 Innovatus Entertainment Networks's Cash-to-Debt or its related term are showing as below:

BOM:543951' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.51 Max: No Debt
Current: No Debt

During the past 5 years, Innovatus Entertainment Networks's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 0.51.

BOM:543951's Cash-to-Debt is ranked better than
99.71% of 1035 companies
in the Media - Diversified industry
Industry Median: 1.28 vs BOM:543951: No Debt

Innovatus Entertainment Networks Cash-to-Debt Historical Data

The historical data trend for Innovatus Entertainment Networks'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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Innovatus Entertainment Networks Cash-to-Debt Chart

Innovatus Entertainment Networks Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

No Debt

0.03

0.07

0.51

No Debt

Innovatus Entertainment Networks Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial			0.07	0.03	0.51	No Debt	No Debt

Competitive Comparison of Innovatus Entertainment Networks's Cash-to-Debt

For the Advertising Agencies subindustry, Innovatus Entertainment Networks'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.

Innovatus Entertainment Networks's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Innovatus Entertainment Networks's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Innovatus Entertainment Networks's Cash-to-Debt falls into.

Innovatus Entertainment Networks 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.

Innovatus Entertainment Networks's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Innovatus Entertainment Networks had no debt ⁽¹⁾.

Innovatus Entertainment Networks's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Innovatus Entertainment Networks had no debt ⁽¹⁾.

Innovatus Entertainment Networks (BOM:543951) 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.

Innovatus Entertainment Networks Cash-to-Debt Related Terms

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Innovatus Entertainment Networks Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Innovatus Entertainment Networks Ltd (BOM:543951) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Off New Link Road, 407, Crescent Royale, Andheri West, Mumbai, MH, IND, 400053

Website

https://www.innovatus.info

Innovatus Entertainment Networks Ltd is a creative platform for complete Infotainment with a 360-degree solution. The company offers all the Direct marketing solutions- Management, CRM, B2B and B2C, Activations and Exhibitions. The company focuses on concept development to creatives to a total turn-key presentation and on-ground execution.

Innovatus Entertainment Networks Headlines

No Headlines

Innovatus Entertainment Networks (BOM:543951) Cash-to-Debt : No Debt (1) (As of Mar. 2024)