Craftsman Automation (NSE:CRAFTSMAN) Cash-to-Debt : 0.28 (As of Sep. 2024)

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What is Craftsman Automation 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. Craftsman Automation's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.28.

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

NSE:CRAFTSMAN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 0.28
Current: 0.28

During the past 7 years, Craftsman Automation's highest Cash to Debt Ratio was 0.28. The lowest was 0.02. And the median was 0.04.

NSE:CRAFTSMAN's Cash-to-Debt is ranked worse than
65.8% of 1304 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs NSE:CRAFTSMAN: 0.28

Craftsman Automation Cash-to-Debt Historical Data

The historical data trend for Craftsman Automation'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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Craftsman Automation Cash-to-Debt Chart

Craftsman Automation Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.06

0.04

0.02

0.04

Craftsman Automation Quarterly Data
	Mar19	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															0.03	N/A	0.04	N/A	0.28

Competitive Comparison of Craftsman Automation's Cash-to-Debt

For the Auto Parts subindustry, Craftsman Automation'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.

Craftsman Automation's Cash-to-Debt Distribution in the Vehicles & Parts Industry

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

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

Craftsman Automation 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.

Craftsman Automation'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)
	=	641.5	/	(4651.2	+	12897)
	=	0.04

Craftsman Automation'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)
	=	5513.8	/	(7098.6	+	12485.4)
	=	0.28

Craftsman Automation (NSE:CRAFTSMAN) 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.

Craftsman Automation Cash-to-Debt Related Terms

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Craftsman Automation Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Craftsman Automation Ltd (NSE:CRAFTSMAN) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

543276:India

Address

No. 1087, Avanashi Road, Krishna Towers, 4th & 5th Floor, Coimbatore, TN, IND, 641 037

Website

https://www.craftsmanautomation.com

Craftsman Automation Ltd is an engineering organization engaged in the manufacturing of precision components. The company operates in three business segments: powertrain and other products for the automotive segment, aluminum products for the automotive segment, and industrial & engineering products segment. The company has a diversified user segment, including Commercial Vehicles, Two Wheelers, Tractors, Industrial, Power Transmission, Passenger vehicles, Engineering, Warehousing, and Power Transmission. The company generates the majority of its revenue from the domestic market.

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