HEC Infra Projects (NSE:HECPROJECT) Cash-to-Debt : 0.41 (As of Sep. 2023)

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What is HEC Infra Projects 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. HEC Infra Projects's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.41.

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, HEC Infra Projects couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

NSE:HECPROJECT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 1.15
Current: 1.15

During the past 10 years, HEC Infra Projects's highest Cash to Debt Ratio was 1.15. The lowest was 0.00. And the median was 0.01.

NSE:HECPROJECT's Cash-to-Debt is ranked better than
62.08% of 1680 companies
in the Construction industry
Industry Median: 0.63 vs NSE:HECPROJECT: 1.15

HEC Infra Projects Cash-to-Debt Historical Data

The historical data trend for HEC Infra Projects'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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HEC Infra Projects Cash-to-Debt Chart

HEC Infra Projects Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.01

1.15

HEC Infra Projects Quarterly Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Sep21	Dec21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															-	0.15	-	0.41	1.15

Competitive Comparison of HEC Infra Projects's Cash-to-Debt

For the Engineering & Construction subindustry, HEC Infra Projects'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.

HEC Infra Projects's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, HEC Infra Projects's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where HEC Infra Projects's Cash-to-Debt falls into.

HEC Infra Projects 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.

HEC Infra Projects'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)
	=	348.239	/	(55.92	+	246.185)
	=	1.15

HEC Infra Projects's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	147.765	/	(117.538	+	246.41)
	=	0.41

HEC Infra Projects (NSE:HECPROJECT) 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.

HEC Infra Projects Cash-to-Debt Related Terms

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

HEC Infra Projects (NSE:HECPROJECT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » HEC Infra Projects Ltd (NSE:HECPROJECT) » Definitions » Cash-to-Debt

Comparable Companies

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Address

Plot Cross Road, Sindhu Bhavan Road, Sigma-1 Corporates, Corporate House No. 6, Near Maan Party, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

https://www.hecprojects.in

HEC Infra Projects Ltd is an Engineering, Procurement and Construction Company (EPC) Contractor in the Electro-Mechanical and Instrumentation Projects. The company services include switchyards; overhead transmission; substations, underground cable lying; Industrial and commercial electrification, battery energy storage system and mini / micro grid Solar projects water pumping stations; solar park; rooftop solar; indoor and outdoor lighting; security; fire alarm systems and others. It serves Steel, Chemical, Cement, Refineries, Petrochemicals, Gas and Oil Sector, Textile, Pharmaceuticals, Power-generation plants, Ports, Banks, Malls, Call Centers, Software Park; and other industries. It is engaged in the EPC Electro-Mechanical Project Business which is their only segment.

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