AMIC Forging (BOM:544037) Cash-to-Debt : 6.00 (As of Sep. 2024)

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What is AMIC Forging 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. AMIC Forging's cash to debt ratio for the quarter that ended in Sep. 2024 was 6.00.

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

BOM:544037' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.27 Max: 6
Current: 6

During the past 4 years, AMIC Forging's highest Cash to Debt Ratio was 6.00. The lowest was 0.02. And the median was 0.27.

BOM:544037's Cash-to-Debt is ranked better than
72.59% of 3006 companies
in the Industrial Products industry
Industry Median: 1.245 vs BOM:544037: 6.00

AMIC Forging Cash-to-Debt Historical Data

The historical data trend for AMIC Forging'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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AMIC Forging Cash-to-Debt Chart

AMIC Forging Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

0.04

0.02

0.27

3.13

AMIC Forging Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial			0.02	0.27	N/A	3.13	6.00

Competitive Comparison of AMIC Forging's Cash-to-Debt

For the Metal Fabrication subindustry, AMIC Forging'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.

AMIC Forging's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

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AMIC Forging 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.

AMIC Forging'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)
	=	120.796	/	(11.276	+	27.344)
	=	3.13

AMIC Forging'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)
	=	210.351	/	(0	+	35.051)
	=	6.00

AMIC Forging (BOM:544037) 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.

AMIC Forging Cash-to-Debt Related Terms

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AMIC Forging Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AMIC Forging Ltd (BOM:544037) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3A, Garstin Place, 2nd Floor, Kolkata, WB, IND, 700001

Website

https://www.amicforgings.com

AMIC Forging Ltd is engaged in the manufacturing of forged components. It manufactures precision machined components catering to various industries such as heavy Engineering, Steel Industry, Oil and gas, Petrochemicals, Chemicals, Refineries, Thermal Power, Nuclear Power, Hydro Power, Cement Industry, Sugar, and other related industries. It manufactures different forging components such as Gear Couplings, Roller Shaft, Brake Drum, Hook and other products as per international standards like AISI, BS, IS, DIN, etc.

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