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Bajel Projects (BOM:544042) Cash-to-Debt : 10.92 (As of Mar. 2024)


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What is Bajel Projects 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. Bajel Projects's cash to debt ratio for the quarter that ended in Mar. 2024 was 10.92.

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, Bajel Projects could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

BOM:544042' s Cash-to-Debt Range Over the Past 10 Years
Min: 10.92   Med: 5005.46   Max: No Debt
Current: 10.92

During the past 2 years, Bajel Projects's highest Cash to Debt Ratio was No Debt. The lowest was 10.92. And the median was 5005.46.

BOM:544042's Cash-to-Debt is ranked better than
86.93% of 505 companies
in the Utilities - Regulated industry
Industry Median: 0.25 vs BOM:544042: 10.92

Bajel Projects Cash-to-Debt Historical Data

The historical data trend for Bajel Projects'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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Bajel Projects Cash-to-Debt Chart

Bajel Projects Annual Data
Trend Mar23 Mar24
Cash-to-Debt
No Debt 10.92

Bajel Projects Semi-Annual Data
Mar23 Mar24
Cash-to-Debt No Debt 10.92

Competitive Comparison of Bajel Projects's Cash-to-Debt

For the Utilities - Regulated Electric subindustry, Bajel Projects'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.

Bajel Projects's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Bajel Projects's Cash-to-Debt distribution charts can be found below:

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


Bajel Projects 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.

Bajel Projects'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)
=1628.079 / (26.046 + 123.058)
=10.92

Bajel Projects'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)
=1628.079 / (26.046 + 123.058)
=10.92

* 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.

Bajel Projects  (BOM:544042) 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.

Bajel Projects Cash-to-Debt Related Terms

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Bajel Projects (BOM:544042) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Bajel Projects Ltd (BOM:544042) » Definitions » Cash-to-Debt
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Traded in Other Exchanges
BAJEL:India
Address
Anik Wadala Link Road, 801 Rustomjee Aspiree, Sion East, Mumbai, MH, IND, 400 022
Website
https://www.bajelprojects.com
Bajel Projects Ltd is a leading company in the business of power infrastructure, with a strong presence in the Power Transmission and Power Distribution sectors. It is known for its project management skills and driving operations excellence, making it a preferred partner for several states, international governments, and private infrastructural projects.

Bajel Projects (BOM:544042) Headlines

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