Akme Fintrade (India) (BOM:544200) Cash-to-Debt : 0.41 (As of Sep. 2024)

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What is Akme Fintrade (India) 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. Akme Fintrade (India)'s cash to debt ratio for the quarter that ended in Sep. 2024 was 0.41.

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, Akme Fintrade (India) couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Akme Fintrade (India)'s Cash-to-Debt or its related term are showing as below:

BOM:544200' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 0.41
Current: 0.41

During the past 4 years, Akme Fintrade (India)'s highest Cash to Debt Ratio was 0.41. The lowest was 0.01. And the median was 0.06.

BOM:544200's Cash-to-Debt is ranked better than
59.96% of 512 companies
in the Credit Services industry
Industry Median: 0.23 vs BOM:544200: 0.41

Akme Fintrade (India) Cash-to-Debt Historical Data

The historical data trend for Akme Fintrade (India)'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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Akme Fintrade (India) Cash-to-Debt Chart

Akme Fintrade (India) Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

0.02

0.09

0.01

0.12

Akme Fintrade (India) Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Sep24
Cash-to-Debt	Get a 7-Day Free Trial			0.01	0.04	0.12	N/A	0.41

Competitive Comparison of Akme Fintrade (India)'s Cash-to-Debt

For the Credit Services subindustry, Akme Fintrade (India)'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.

Akme Fintrade (India)'s Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Akme Fintrade (India)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Akme Fintrade (India)'s Cash-to-Debt falls into.

Akme Fintrade (India) 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.

Akme Fintrade (India)'s Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 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)
	=	188.082	/	(550.625	+	1027.176)
	=	0.12

Akme Fintrade (India)'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)
	=	811.235	/	(0	+	1989.619)
	=	0.41

Akme Fintrade (India) (BOM:544200) 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.

Akme Fintrade (India) Cash-to-Debt Related Terms

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Akme Fintrade (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Akme Fintrade (India) Ltd (BOM:544200) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AFIL:India

Address

608, The Summit - Business Bay, behind Guru Nank Petrol Pump, Opposite Cinemax, Prakashwadi Andheri East, Mumbai, MH, IND, 400069

Website

Akme Fintrade (India) Ltd is a non-banking finance company. It is engaged in rural and semi-urban centric lending solutions to look after the needs and aspirations of rural and semi-urban populace. The company's portfolio includes Vehicle Finance and Business Finance Products to small business owners and has footprints in rural and semi-urban geographies in 4 Indian states Rajasthan, Maharashtra, Madhya Pradesh and Gujarat.

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