IFCI (NSE:IFCI) Cash-to-Debt : 0.94 (As of Mar. 2024)

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What is IFCI 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. IFCI's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.94.

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, IFCI couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

NSE:IFCI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.18 Max: 0.94
Current: 0.94

During the past 13 years, IFCI's highest Cash to Debt Ratio was 0.94. The lowest was 0.02. And the median was 0.18.

NSE:IFCI's Cash-to-Debt is ranked better than
67.13% of 505 companies
in the Credit Services industry
Industry Median: 0.25 vs NSE:IFCI: 0.94

IFCI Cash-to-Debt Historical Data

The historical data trend for IFCI'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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IFCI Cash-to-Debt Chart

IFCI Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.23

0.25

0.35

0.64

0.94

IFCI Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.64	N/A	0.45	N/A	0.94

Competitive Comparison of IFCI's Cash-to-Debt

For the Credit Services subindustry, IFCI'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.

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

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

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

IFCI Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

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

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	50463.8	/	(0	+	53669.8)
	=	0.94

IFCI's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	50463.8	/	(0	+	53669.8)
	=	0.94

IFCI (NSE:IFCI) 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.

IFCI Cash-to-Debt Related Terms

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

IFCI (NSE:IFCI) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

500106:India

Address

IFCI Towers, 61 Nehru Place, New Delhi, IND, 110 019

Website

https://www.ifciltd.com

IFCI Ltd is a financial services company, which provides funding for industrial companies in India. The financing activities cover various kinds of projects such as airports, roads, telecom, power, real estate, manufacturing, services sector and such other allied industries. Lending operations comprise the vast majority of the company's business, and majority of the company's revenue consists of interest income on loans IFCI makes. The Company has played a decisive role in setting up various reputed market intermediaries like stock exchanges, entrepreneurship development organizations, consultancy organizations, educational and skill development institutions across the country.

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