Manglam Infra and Engineering (NSE:MIEL) Cash-to-Debt : 1.84 (As of Sep. 2024)

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What is Manglam Infra and Engineering 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. Manglam Infra and Engineering's cash to debt ratio for the quarter that ended in Sep. 2024 was 1.84.

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, Manglam Infra and Engineering could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

NSE:MIEL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.09 Max: 1.84
Current: 1.84

During the past 3 years, Manglam Infra and Engineering's highest Cash to Debt Ratio was 1.84. The lowest was 0.01. And the median was 0.09.

NSE:MIEL's Cash-to-Debt is ranked better than
68.83% of 1723 companies
in the Construction industry
Industry Median: 0.65 vs NSE:MIEL: 1.84

Manglam Infra and Engineering Cash-to-Debt Historical Data

The historical data trend for Manglam Infra and Engineering'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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Manglam Infra and Engineering Cash-to-Debt Chart

Manglam Infra and Engineering Annual Data

Trend

Mar22

Mar23

Mar24

Cash-to-Debt

0.06

0.01

0.11

Manglam Infra and Engineering Semi-Annual Data
	Mar22	Mar23	Mar24	Sep24
Cash-to-Debt	0.06	0.01	0.11	1.84

Competitive Comparison of Manglam Infra and Engineering's Cash-to-Debt

For the Engineering & Construction subindustry, Manglam Infra and Engineering'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.

Manglam Infra and Engineering's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Manglam Infra and Engineering's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Manglam Infra and Engineering's Cash-to-Debt falls into.

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Manglam Infra and Engineering 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.

Manglam Infra and Engineering'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)
	=	4.926	/	(30.837	+	13.894)
	=	0.11

Manglam Infra and Engineering's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	57.287	/	(17.421	+	13.709)
	=	1.84

Manglam Infra and Engineering (NSE:MIEL) 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.

Manglam Infra and Engineering Cash-to-Debt Related Terms

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

Manglam Infra and Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Manglam Infra and Engineering Ltd (NSE:MIEL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

E-8/31, Area Colony, Near Bus Stop No.12, Bhopal, MP, IND, 462039

Website

https://www.manglaminfra.com

Mangalam Infra and Engineering Ltd is an infrastructure consultancy company. It is providing project management consultancy services which includes detailed project reports (DPRs), Supervision and quality control (SQC), and operation & maintenance (O & M) for Highways/Roads, Bridges, Tunnels, Buildings/Urban development. It has cater to various state governments of Madhya Pradesh, Jammu & Kashmir, Bihar, Arunachal Pradesh, Jharkhand, Himachal Pradesh, Uttar Pradesh, Manipur, Nagaland, Maharashtra, Assam, Rajasthan, Uttarakhand and Haryana and central government.

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