Garuda Construction and Engineering (BOM:544271) Cash-to-Debt : 3.34 (As of Mar. 2024)

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What is Garuda Construction and Engineering 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. Garuda Construction and Engineering's cash to debt ratio for the quarter that ended in Mar. 2024 was 3.34.

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, Garuda Construction and Engineering 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 Garuda Construction and Engineering's Cash-to-Debt or its related term are showing as below:

BOM:544271' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.57 Med: 3.34 Max: 25.12
Current: 3.34

During the past 3 years, Garuda Construction and Engineering's highest Cash to Debt Ratio was 25.12. The lowest was 0.57. And the median was 3.34.

BOM:544271's Cash-to-Debt is ranked better than
76.41% of 1721 companies
in the Construction industry
Industry Median: 0.66 vs BOM:544271: 3.34

Garuda Construction and Engineering Cash-to-Debt Historical Data

The historical data trend for Garuda Construction and Engineering'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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Garuda Construction and Engineering Cash-to-Debt Chart

Garuda Construction and Engineering Annual Data

Trend

Mar22

Mar23

Mar24

Cash-to-Debt

0.57

25.12

3.34

Garuda Construction and Engineering Semi-Annual Data
	Mar22	Mar23	Mar24
Cash-to-Debt	0.57	25.12	3.34

Competitive Comparison of Garuda Construction and Engineering's Cash-to-Debt

For the Engineering & Construction subindustry, Garuda Construction and Engineering'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.

Garuda Construction and Engineering's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Garuda Construction and Engineering's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Garuda Construction and Engineering's Cash-to-Debt falls into.

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Garuda Construction and Engineering 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.

Garuda Construction and Engineering'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)
	=	5.073	/	(0.442	+	1.075)
	=	3.34

Garuda Construction and Engineering'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)
	=	5.073	/	(0.442	+	1.075)
	=	3.34

Garuda Construction and Engineering (BOM:544271) 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.

Garuda Construction and Engineering Cash-to-Debt Related Terms

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Garuda Construction and Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Garuda Construction and Engineering Ltd (BOM:544271) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GARUDA:India

Address

C -3 Block, 201, A Wing, Fortune 2000, Bandra Kurla Complex, Bandra East, Mumbai, MH, IND, 400 051

Website

https://www.garudaconstructionengineering.com

Garuda Construction and Engineering Ltd is a civil construction company. It provides end-to-end civil construction for residential, commercial, residential cum commercial, infrastructure and industrial projects and additional services for infrastructure and also hospitality projects, Wherein, civil construction includes the construction of residential, hospitality, industrial, infrastructural and commercial buildings, construction of concrete building structures and composite steel structures which are required for the civil construction. Its end-to-end civil construction starts with a detailed route survey, designing, detailed engineering, mobilization of resources, micro scheduling of construction activities, obtaining construction permissions and conducting soil/water testing.

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