MCON Rasayan India (NSE:MCON) Cash-to-Debt : 0.04 (As of Mar. 2024)

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What is MCON Rasayan India 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. MCON Rasayan India's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.04.

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, MCON Rasayan India 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 MCON Rasayan India's Cash-to-Debt or its related term are showing as below:

NSE:MCON' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.04
Current: 0.04

During the past 5 years, MCON Rasayan India's highest Cash to Debt Ratio was 0.04. The lowest was 0.01. And the median was 0.02.

NSE:MCON's Cash-to-Debt is ranked worse than
93.67% of 1549 companies
in the Chemicals industry
Industry Median: 0.71 vs NSE:MCON: 0.04

MCON Rasayan India Cash-to-Debt Historical Data

The historical data trend for MCON Rasayan India'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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MCON Rasayan India Cash-to-Debt Chart

MCON Rasayan India Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

0.01

0.02

0.01

0.03

0.04

MCON Rasayan India Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial			0.01	-	0.03	-	0.04

Competitive Comparison of MCON Rasayan India's Cash-to-Debt

For the Specialty Chemicals subindustry, MCON Rasayan India'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.

MCON Rasayan India's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, MCON Rasayan India's Cash-to-Debt distribution charts can be found below:

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

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MCON Rasayan India 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.

MCON Rasayan India'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)
	=	6.999	/	(103.275	+	56.282)
	=	0.04

MCON Rasayan India'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)
	=	6.999	/	(103.275	+	56.282)
	=	0.04

MCON Rasayan India (NSE:MCON) 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.

MCON Rasayan India Cash-to-Debt Related Terms

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MCON Rasayan India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » MCON Rasayan India Ltd (NSE:MCON) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot-169, Off link road, CTS-104 Bangur Nagar, 101/A, 1st Floor, Maxheal House, Goregaon West, Near Ayyappa Temple, Mumbai-, MH, IND, 400090

Website

https://www.mconrasayan.com

MCON Rasayan India Ltd is the manufacturer and supplier of high-quality construction chemicals and building finishing products for the Indian industry and overseas markets. The company has a suite of products including a range of construction materials and construction chemicals in both powder and liquid forms. The Powder products of the company are Ready-mix plaster, Tile adhesives, Block adhesives, Wall putty, Micro concrete, and others.

MCON Rasayan India Headlines

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