Mandeep Auto Industries (NSE:MANDEEP) Cash-to-Debt : 0.00 (As of Mar. 2023)

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What is Mandeep Auto Industries 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. Mandeep Auto Industries's cash to debt ratio for the quarter that ended in Mar. 2023 was 0.00.

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, Mandeep Auto Industries couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

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

NSE:MANDEEP's Cash-to-Debt is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 0.55
* Ranked among companies with meaningful Cash-to-Debt only.

Mandeep Auto Industries Cash-to-Debt Historical Data

The historical data trend for Mandeep Auto Industries'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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Mandeep Auto Industries Cash-to-Debt Chart

Mandeep Auto Industries Annual Data

Trend

Mar21

Mar22

Mar23

Cash-to-Debt

0.01

Mandeep Auto Industries Semi-Annual Data
	Mar21	Mar22	Mar23
Cash-to-Debt	0.01	0.01	-

Competitive Comparison of Mandeep Auto Industries's Cash-to-Debt

For the Auto Parts subindustry, Mandeep Auto Industries'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.

Mandeep Auto Industries's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mandeep Auto Industries's Cash-to-Debt distribution charts can be found below:

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

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Mandeep Auto Industries 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.

Mandeep Auto Industries's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	0.296	/	(58.408	+	24.576)
	=	0.00

Mandeep Auto Industries's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	0.296	/	(58.408	+	24.576)
	=	0.00

Mandeep Auto Industries (NSE:MANDEEP) 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.

Mandeep Auto Industries Cash-to-Debt Related Terms

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

Mandeep Auto Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mandeep Auto Industries Ltd (NSE:MANDEEP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Feet Road, Plot No 26, Sector 53, Sarurpur Industrial Area, Nangla Gujran, Faridabad, HR, IND, 121001

Website

https://www.mandeepautoindustries.com

Mandeep Auto Industries Ltd is engaged in the business of manufacturing and supplying sheet metal components, auto parts, and all types of sprocket gears and machined components. The products of the company are used in various industries such as tractors, automobiles, material handling & earth moving equipment, railways, defense, machine tools, DIY industry, etc.

Mandeep Auto Industries Headlines

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