IBL Finance (NSE:IBLFL) Cash-to-Debt : 1.06 (As of Mar. 2024)

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What is IBL Finance 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. IBL Finance's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.06.

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, IBL Finance could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

NSE:IBLFL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 6.26 Max: No Debt
Current: 1.06

During the past 4 years, IBL Finance's highest Cash to Debt Ratio was No Debt. The lowest was 0.20. And the median was 6.26.

NSE:IBLFL's Cash-to-Debt is ranked better than
71.51% of 509 companies
in the Credit Services industry
Industry Median: 0.21 vs NSE:IBLFL: 1.06

IBL Finance Cash-to-Debt Historical Data

The historical data trend for IBL Finance'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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IBL Finance Cash-to-Debt Chart

IBL Finance Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

No Debt

0.20

11.45

1.06

IBL Finance Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Cash-to-Debt	No Debt	0.20	11.45	1.06

Competitive Comparison of IBL Finance's Cash-to-Debt

For the Credit Services subindustry, IBL Finance'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.

IBL Finance's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, IBL Finance's Cash-to-Debt distribution charts can be found below:

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

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IBL Finance 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.

IBL Finance'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)
	=	51.976	/	(49.148	+	0)
	=	1.06

IBL Finance's Cash to Debt Ratio for the quarter 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)
	=	51.976	/	(49.148	+	0)
	=	1.06

IBL Finance (NSE:IBLFL) 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.

IBL Finance Cash-to-Debt Related Terms

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IBL Finance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » IBL Finance Ltd (NSE:IBLFL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ring Road, 1001, World Trade Center, Nr. Udhna Darwaja, Surat, GJ, IND, 395002

Website

https://www.iblfinance.in

IBL Finance Ltd is a fintech-based financial services platform that leverages technology and data science to make lending quick and easy. It has a mobile application that provides instant personal loans which loan up to Rupees 50,000 with tenors of up to 12 months through an entirely digital mobile App-only process. The Company is engaged in one segment only i.e. Loan Segment. The company generates revenue from Interest Income on Loan Portfolio and Loan Processing Fees & Charges.

IBL Finance Headlines

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