Industrial Investment Trust (NSE:IITL) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Industrial Investment Trust 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. Industrial Investment Trust'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, Industrial Investment Trust 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 Industrial Investment Trust's Cash-to-Debt or its related term are showing as below:

NSE:IITL' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.77 Med: 29.32 Max: No Debt
Current: No Debt

During the past 13 years, Industrial Investment Trust's highest Cash to Debt Ratio was No Debt. The lowest was 1.77. And the median was 29.32.

NSE:IITL's Cash-to-Debt is ranked better than
99.6% of 504 companies
in the Credit Services industry
Industry Median: 0.225 vs NSE:IITL: No Debt

Industrial Investment Trust Cash-to-Debt Historical Data

The historical data trend for Industrial Investment Trust'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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Industrial Investment Trust Cash-to-Debt Chart

Industrial Investment Trust Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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43.98

14.67

225.03

No Debt

Industrial Investment Trust 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															No Debt	N/A	No Debt	N/A	No Debt

Competitive Comparison of Industrial Investment Trust's Cash-to-Debt

For the Credit Services subindustry, Industrial Investment Trust'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.

Industrial Investment Trust's Cash-to-Debt Distribution in the Credit Services Industry

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

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

Industrial Investment Trust 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.

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

Industrial Investment Trust had no debt ⁽¹⁾.

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

Industrial Investment Trust had no debt ⁽¹⁾.

Industrial Investment Trust (NSE:IITL) 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.

Industrial Investment Trust Cash-to-Debt Related Terms

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

Industrial Investment Trust (NSE:IITL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Industrial Investment Trust Ltd (NSE:IITL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

501295:India

Address

Bandra Kurla Complex, Office No.101A, The Capital, B wing, G Block, Plot No. C-70, Bandra (East), Mumbai, MH, IND, 400051

Website

https://www.iitlgroup.com

Industrial Investment Trust Ltd is a non-banking financial company. Its operations are into the segments of Investment Activities, Insurance Broking, Real Estate Activities, Investment Brokerage Services and others. A majority of its revenue is derived from the Investment Activities segment. The company operates only in India.

Industrial Investment Trust (NSE:IITL) Headlines

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Industrial Investment Trust (NSE:IITL) Cash-to-Debt : No Debt (1) (As of Mar. 2024)