Azad Engineering (NSE:AZAD) Cash-to-Debt : 0.22 (As of Sep. 2024)

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What is Azad 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. Azad Engineering's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.22.

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

NSE:AZAD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.12 Max: 1.49
Current: 0.22

During the past 4 years, Azad Engineering's highest Cash to Debt Ratio was 1.49. The lowest was 0.02. And the median was 0.12.

NSE:AZAD's Cash-to-Debt is ranked worse than
83% of 2994 companies
in the Industrial Products industry
Industry Median: 1.18 vs NSE:AZAD: 0.22

Azad Engineering Cash-to-Debt Historical Data

The historical data trend for Azad 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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Azad Engineering Cash-to-Debt Chart

Azad Engineering Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

0.02

0.06

0.13

1.49

Azad Engineering Quarterly Data
	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial					0.06	N/A	1.49	N/A	0.22

Competitive Comparison of Azad Engineering's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Azad 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.

Azad Engineering's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Azad 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.

Azad 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)
	=	587.62	/	(103.15	+	291.18)
	=	1.49

Azad 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)
	=	360.82	/	(550.02	+	1080.05)
	=	0.22

Azad Engineering (NSE:AZAD) 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.

Azad Engineering Cash-to-Debt Related Terms

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Azad Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Azad Engineering Ltd (NSE:AZAD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

544061:India

Address

90/C, 90/D, Phase-1, I.D.A, Jeedimetla, Hyderabad, TG, IND, 500055

Website

https://www.azad.in

Azad Engineering Ltd is an original equipment manufacturer ('OEM') in the aerospace and defense, energy, and oil and gas industries, manufacturing engineered, complex, and mission and life-critical components. It manufactures complex and engineered precision-forged and machined components that are mission- and life-critical. The company's products include 3D rotating airfoil portions of turbine engines and other key products for combustion, hydraulics, flight-controls, propulsion, and actuation which power defence and civil aircrafts, spaceships, defence missiles, nuclear power, hydrogen, gas power, oil, and thermal power. Geographically, the company caters to both Indian and international markets of which, a majority of its revenue is generated outside India.

Azad Engineering Headlines

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