Nuvama Wealth Management (BOM:543988) Cash-to-Debt : 2.04 (As of Sep. 2024)

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What is Nuvama Wealth Management 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. Nuvama Wealth Management's cash to debt ratio for the quarter that ended in Sep. 2024 was 2.04.

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, Nuvama Wealth Management could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

BOM:543988' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.23 Med: 1.92 Max: 2.06
Current: 2.04

During the past 2 years, Nuvama Wealth Management's highest Cash to Debt Ratio was 2.06. The lowest was 1.23. And the median was 1.92.

BOM:543988's Cash-to-Debt is ranked worse than
55.66% of 1450 companies
in the Asset Management industry
Industry Median: 5.505 vs BOM:543988: 2.04

Nuvama Wealth Management Cash-to-Debt Historical Data

The historical data trend for Nuvama Wealth Management'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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Nuvama Wealth Management Cash-to-Debt Chart

Nuvama Wealth Management Annual Data

Trend

Mar23

Mar24

Cash-to-Debt

1.23

2.06

Nuvama Wealth Management Quarterly Data
	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial				1.81	N/A	2.06	N/A	2.04

Competitive Comparison of Nuvama Wealth Management's Cash-to-Debt

For the Asset Management subindustry, Nuvama Wealth Management'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.

Nuvama Wealth Management's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuvama Wealth Management's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Nuvama Wealth Management's Cash-to-Debt falls into.

Nuvama Wealth Management 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.

Nuvama Wealth Management'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)
	=	139236.94	/	(31926.23	+	35530.81)
	=	2.06

Nuvama Wealth Management'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)
	=	159829.4	/	(0	+	78336.5)
	=	2.04

Nuvama Wealth Management (BOM:543988) 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.

Nuvama Wealth Management Cash-to-Debt Related Terms

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Nuvama Wealth Management Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nuvama Wealth Management Ltd (BOM:543988) » Definitions » Cash-to-Debt

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NUVAMA:India

Address

G Block, 801- 804, Wing A, Building No. 3, Inspire BKC, Bandra Kurla Complex, Bandra (East), Mumbai, MH, IND, 400051

Website

https://www.nuvama.com

Nuvama Wealth Management Ltd is an India-based wealth management solution provider with a presence across wealth & investment management, institutional securities, and custodial and advisory services. Its purpose is to help its clients capture opportunities and trends in financial markets and protect them from risks in a volatile world. The company's business segments are; Wealth Management, Asset Management, and Capital Markets. Maximum revenue is generated from its Wealth Management segment which is engaged in the distribution of financial products, Investment advisory, lending against securities, and securities broking for clients.

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