Sunita Tools (BOM:544001) Cash-to-Debt : 0.28 (As of Mar. 2024)

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What is Sunita Tools 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. Sunita Tools's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.28.

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

BOM:544001' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.04 Max: 0.28
Current: 0.28

During the past 4 years, Sunita Tools's highest Cash to Debt Ratio was 0.28. The lowest was 0.03. And the median was 0.04.

BOM:544001's Cash-to-Debt is ranked worse than
79.2% of 3005 companies
in the Industrial Products industry
Industry Median: 1.23 vs BOM:544001: 0.28

Sunita Tools Cash-to-Debt Historical Data

The historical data trend for Sunita Tools'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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Sunita Tools Cash-to-Debt Chart

Sunita Tools Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

0.04

0.05

0.03

0.28

Sunita Tools Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial			0.05	N/A	0.03	0.04	0.28

Competitive Comparison of Sunita Tools's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Sunita Tools'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.

Sunita Tools's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sunita Tools's Cash-to-Debt distribution charts can be found below:

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

Sunita Tools 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.

Sunita Tools'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)
	=	21.768	/	(15.378	+	63.001)
	=	0.28

Sunita Tools'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)
	=	21.768	/	(15.378	+	63.001)
	=	0.28

Sunita Tools (BOM:544001) 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.

Sunita Tools Cash-to-Debt Related Terms

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Sunita Tools (BOM:544001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sunita Tools Ltd (BOM:544001) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sativali Road, Survey No. 66, Plot No. A, Valiv, Vasai East, Palghar, Thane, MH, IND, 401208

Website

https://www.sunitatools.com

Sunita Tools Ltd is an engineering and mould base industry. It manufactures Ground Plates, Mould Bases and Precision CNC Machining. Company products are a pre-requisite and act as food to the manufacturing industries be it Automotive, Pharmaceutical, Electronics, Consumer Goods and Manufacturing Sectors.

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