Chaman Metallics (NSE:CMNL) Cash-to-Debt : 1.12 (As of Mar. 2023)

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What is Chaman Metallics 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. Chaman Metallics's cash to debt ratio for the quarter that ended in Mar. 2023 was 1.12.

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

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

During the past 5 years, Chaman Metallics's highest Cash to Debt Ratio was 1.12. The lowest was 0.00. And the median was 0.12.

NSE:CMNL's Cash-to-Debt is not ranked ^*
in the Steel industry.
Industry Median: 0.42
* Ranked among companies with meaningful Cash-to-Debt only.

Chaman Metallics Cash-to-Debt Historical Data

The historical data trend for Chaman Metallics'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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Chaman Metallics Cash-to-Debt Chart

Chaman Metallics Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

0.12

0.13

0.01

1.12

Chaman Metallics Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial			0.13	0.01	0.23	1.12	-

Competitive Comparison of Chaman Metallics's Cash-to-Debt

For the Steel subindustry, Chaman Metallics'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.

Chaman Metallics's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Chaman Metallics's Cash-to-Debt distribution charts can be found below:

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

Chaman Metallics 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.

Chaman Metallics'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)
	=	2.16	/	(112.445	+	1182.596)
	=	0.00

Chaman Metallics's Cash to Debt Ratio for the quarter that ended in Mar. 2023 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)
	=	242.359	/	(42.135	+	173.724)
	=	1.12

Chaman Metallics (NSE:CMNL) 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.

Chaman Metallics Cash-to-Debt Related Terms

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Chaman Metallics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Chaman Metallics Ltd (NSE:CMNL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Samta Colony, Agrawal Complex, Opp. Pandey Nursing Home, Raipur, CT, IND, 492001

Website

https://www.cmlgrgroup.com

Chaman Metallics Ltd is engaged in the business of selling Iron and Steel. The company is engaged in manufacturing and selling Direct Reduced Iron (i.e. sponge iron) which is used as a raw material for making steel in electric arc furnaces and induction furnaces.

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