Presstonic Engineering (NSE:PRESSTONIC) Cash-to-Debt : 0.42 (As of Sep. 2024)

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What is Presstonic 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. Presstonic Engineering's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.42.

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, Presstonic Engineering couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

NSE:PRESSTONIC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.65
Current: 0.42

During the past 4 years, Presstonic Engineering's highest Cash to Debt Ratio was 0.65. The lowest was 0.00. And the median was 0.04.

NSE:PRESSTONIC's Cash-to-Debt is ranked worse than
53.71% of 985 companies
in the Transportation industry
Industry Median: 0.48 vs NSE:PRESSTONIC: 0.42

Presstonic Engineering Cash-to-Debt Historical Data

The historical data trend for Presstonic 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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Presstonic Engineering Cash-to-Debt Chart

Presstonic Engineering Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

0.03

0.02

0.65

Presstonic Engineering Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial			-	0.02	0.05	0.65	0.42

Competitive Comparison of Presstonic Engineering's Cash-to-Debt

For the Railroads subindustry, Presstonic 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.

Presstonic Engineering's Cash-to-Debt Distribution in the Transportation Industry

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

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

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Presstonic 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.

Presstonic 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)
	=	92.453	/	(125.397	+	16.129)
	=	0.65

Presstonic 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)
	=	39.634	/	(62.729	+	31.341)
	=	0.42

Presstonic Engineering (NSE:PRESSTONIC) 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.

Presstonic Engineering Cash-to-Debt Related Terms

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Presstonic Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Presstonic Engineering Ltd (NSE:PRESSTONIC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hoysala Main Road, Sy. No. 2, Khatha No. 145, Pillappa Industrial Layout, Viswaneedam, Srigandhadakavalu, Sunkadakatte, Bangalore North, KA, IND, 560091

Website

https://www.presstonic.com

Presstonic Engineering Ltd manufactures Metro Rail Rolling Stock Products, Metro Rail Signalling Products, and Infrastructure Products, and supplies to renowned Global and Domestic OEM's engaged in the Rail and Metro Rail Rolling stock and Signalling equipments manufacturing and servicing companies. The company generates the majority of its revenue from India.

Presstonic Engineering Headlines

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