Nishat Power (KAR:NPL) Cash-to-Debt : 3.17 (As of Mar. 2024)

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What is Nishat Power 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. Nishat Power's cash to debt ratio for the quarter that ended in Mar. 2024 was 3.17.

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

(1) 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.

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

KAR:NPL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: No Debt
Current: 3.17

During the past 13 years, Nishat Power's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.03.

KAR:NPL's Cash-to-Debt is ranked better than
84.56% of 434 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.23 vs KAR:NPL: 3.17

Nishat Power Cash-to-Debt Historical Data

The historical data trend for Nishat Power'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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Nishat Power Cash-to-Debt Chart

Nishat Power Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.01

0.11

1.38

No Debt

Nishat Power Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.58	No Debt	3.83	2.67	3.17

Competitive Comparison of Nishat Power's Cash-to-Debt

For the Utilities - Independent Power Producers subindustry, Nishat Power'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.

Nishat Power's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Nishat Power's Cash-to-Debt distribution charts can be found below:

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

Nishat Power 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.

Nishat Power's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Nishat Power had no debt ⁽¹⁾.

Nishat Power'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)
	=	8139.55	/	(2564.976	+	0)
	=	3.17

Nishat Power (KAR:NPL) 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.

Nishat Power Cash-to-Debt Related Terms

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

Nishat Power (KAR:NPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Nishat Power Ltd (KAR:NPL) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

1-B, Aziz Avenue, Canal Bank, Gulberg-V, Lahore, PB, PAK

Website

http://www.nishatpower.com

Nishat Power Ltd is a company whose principal activity is to build, own, operate and maintain a fuel-fired power plant based on Reciprocating Engine Technology having a gross capacity of 200MW in Jamber Kalan, Tehsil Pattoki, District Kasur, Punjab, Pakistan.

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