ASL Industries (NSE:ASLIND) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2023)

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What is ASL Industries 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. ASL Industries's cash to debt ratio for the quarter that ended in Mar. 2023 was No Debt ⁽¹⁾.

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, ASL Industries could pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

(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 ASL Industries's Cash-to-Debt or its related term are showing as below:

NSE:ASLIND' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: No Debt
Current: No Debt

During the past 12 years, ASL Industries's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.04.

NSE:ASLIND's Cash-to-Debt is ranked better than
99.83% of 2994 companies
in the Industrial Products industry
Industry Median: 1.23 vs NSE:ASLIND: No Debt

ASL Industries Cash-to-Debt Historical Data

The historical data trend for ASL Industries'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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ASL Industries Cash-to-Debt Chart

ASL Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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No Debt

ASL Industries Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Cash-to-Debt	Get a 7-Day Free Trial														No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of ASL Industries's Cash-to-Debt

For the Metal Fabrication subindustry, ASL Industries'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.

ASL Industries's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ASL Industries's Cash-to-Debt distribution charts can be found below:

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

ASL Industries 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.

ASL Industries's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

ASL Industries had no debt ⁽¹⁾.

ASL Industries's Cash to Debt Ratio for the quarter that ended in Mar. 2023 is calculated as:

ASL Industries had no debt ⁽¹⁾.

ASL Industries (NSE:ASLIND) 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.

ASL Industries Cash-to-Debt Related Terms

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

ASL Industries (NSE:ASLIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ASL Industries Ltd (NSE:ASLIND) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Main Road, Bistupur, 1 Basement, Aditya Tower, Jamshedpur, JH, IND, 831001

Website

http://www.aslindustries.in

ASL Industries Ltd is engaged in the business of manufacturing of forged products and press shop for sheet metal products. Its products include Gusset, Top Rail Rear, Panel Face Side Bottom, Axle Beam, Clapping Ring, and others and have applications in various industries like defense, railway, and automobile.

ASL Industries (NSE:ASLIND) Headlines

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ASL Industries (NSE:ASLIND) Cash-to-Debt : No Debt (1) (As of Mar. 2023)