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Holmarc Opto-Mechatronics (NSE:HOLMARC) Cash-to-Debt : No Debt (1) (As of Mar. 2024)


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What is Holmarc Opto-Mechatronics 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. Holmarc Opto-Mechatronics's cash to debt ratio for the quarter that ended in Mar. 2024 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, Holmarc Opto-Mechatronics could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(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 Holmarc Opto-Mechatronics's Cash-to-Debt or its related term are showing as below:

NSE:HOLMARC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.49   Med: 1.24   Max: No Debt
Current: No Debt

During the past 4 years, Holmarc Opto-Mechatronics's highest Cash to Debt Ratio was No Debt. The lowest was 0.49. And the median was 1.24.

NSE:HOLMARC's Cash-to-Debt is ranked better than
99.76% of 2479 companies
in the Hardware industry
Industry Median: 1.32 vs NSE:HOLMARC: No Debt

Holmarc Opto-Mechatronics Cash-to-Debt Historical Data

The historical data trend for Holmarc Opto-Mechatronics'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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Holmarc Opto-Mechatronics Cash-to-Debt Chart

Holmarc Opto-Mechatronics Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Cash-to-Debt
0.49 0.77 1.70 No Debt

Holmarc Opto-Mechatronics Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
Cash-to-Debt 0.49 0.77 1.70 No Debt

Competitive Comparison of Holmarc Opto-Mechatronics's Cash-to-Debt

For the Scientific & Technical Instruments subindustry, Holmarc Opto-Mechatronics'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.

Holmarc Opto-Mechatronics's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Holmarc Opto-Mechatronics's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Holmarc Opto-Mechatronics's Cash-to-Debt falls into.


Holmarc Opto-Mechatronics 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.

Holmarc Opto-Mechatronics's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Holmarc Opto-Mechatronics had no debt (1).

Holmarc Opto-Mechatronics's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Holmarc Opto-Mechatronics had no debt (1).

* 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.

Holmarc Opto-Mechatronics  (NSE:HOLMARC) 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.

Holmarc Opto-Mechatronics Cash-to-Debt Related Terms

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

Holmarc Opto-Mechatronics (NSE:HOLMARC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Holmarc Opto-Mechatronics Ltd (NSE:HOLMARC) » Definitions » Cash-to-Debt
Comparable Companies
NSE:NITIRAJ BOM:532975 BOM:541151 TSE:6861 FTV OSTO:HEXA B GRMN KEYS TDY TRMB TSE:7701 CGNX ST NOVT SZSE:002414 VNT COHR MKSI BMI LSE:SXS
Traded in Other Exchanges
N/A
Address
Building No. 11/490, B-7, HMT Industrial Estate, Kalamassery, Kanayanoor Taluk, Ernakulam, KL, IND, 683503
Website
https://www.holmarc.com
Holmarc Opto-Mechatronics Ltd is engaged in manufacturing a variety of scientific and engineering instruments for research, industry and education i.e. Imaging Instruments, Measuring Instruments, Spectroscopy, Analytical Instruments, Lab Instruments, Physics Lab Instruments, Breadboard/Table Tops, Opto-mechanics, Optics, Linear & Rotation Stages, Motorized Linear & Rotation Stages, Industrial Automation etc.

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