Diesel & Motor Engineering (COL:DIMO.N0000) Cash-to-Debt : 0.11 (As of Sep. 2024)

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What is Diesel & Motor 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. Diesel & Motor Engineering's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.11.

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, Diesel & Motor Engineering 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 Diesel & Motor Engineering's Cash-to-Debt or its related term are showing as below:

COL:DIMO.N0000' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.12 Max: 0.41
Current: 0.11

During the past 13 years, Diesel & Motor Engineering's highest Cash to Debt Ratio was 0.41. The lowest was 0.02. And the median was 0.12.

COL:DIMO.N0000's Cash-to-Debt is ranked worse than
84.06% of 1305 companies
in the Vehicles & Parts industry
Industry Median: 0.55 vs COL:DIMO.N0000: 0.11

Diesel & Motor Engineering Cash-to-Debt Historical Data

The historical data trend for Diesel & Motor 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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Diesel & Motor Engineering Cash-to-Debt Chart

Diesel & Motor Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.07

0.24

0.40

0.20

0.17

Diesel & Motor Engineering Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.19	0.22	0.17	0.18	0.11

Competitive Comparison of Diesel & Motor Engineering's Cash-to-Debt

For the Auto & Truck Dealerships subindustry, Diesel & Motor 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.

Diesel & Motor Engineering's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Diesel & Motor Engineering's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Diesel & Motor Engineering's Cash-to-Debt falls into.

Diesel & Motor 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.

Diesel & Motor 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)
	=	3845.578	/	(20438.69	+	2632.94)
	=	0.17

Diesel & Motor Engineering'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)
	=	2957.482	/	(25027.436	+	2542.184)
	=	0.11

Diesel & Motor Engineering (COL:DIMO.N0000) 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.

Diesel & Motor Engineering Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Diesel & Motor Engineering's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Diesel & Motor Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Diesel & Motor Engineering PLC (COL:DIMO.N0000) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

No. 65, Jetawana Road, P.O. Box 339, Colombo, LKA, 14

Website

https://www.dimolanka.com

Diesel & Motor Engineering PLC is a diversified conglomerate in Sri Lanka. Its business operates in various segments that include Vehicle sales, Automotive Engineering Solutions, Retail, Infrastructure Engineering, Agriculture, Healthcare, and Power Engineering & Building Services. The company generates the majority of its revenue from the Agriculture segment. The agriculture segment is engaged in the Import, processing, and distribution of fertilizer, seeds, agrochemical & plant nutrients, agri machinery, value-added organic food (fruits, vegetables, virgin coconut oil) products for export and local markets, trading of coconut-based products, R&D technoparks, agri advisory services, agriculture pipes, advance agri technologies including micro-irrigation & greenhouse projects.

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