Paramount Speciality Forgings (NSE:PSFL) Cash-to-Debt : 0.01 (As of Mar. 2024)

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What is Paramount Speciality Forgings 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. Paramount Speciality Forgings's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.01.

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, Paramount Speciality Forgings 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 Paramount Speciality Forgings's Cash-to-Debt or its related term are showing as below:

NSE:PSFL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.12
Current: 0.01

During the past 4 years, Paramount Speciality Forgings's highest Cash to Debt Ratio was 0.12. The lowest was 0.01. And the median was 0.04.

NSE:PSFL's Cash-to-Debt is ranked worse than
99.03% of 2993 companies
in the Industrial Products industry
Industry Median: 1.23 vs NSE:PSFL: 0.01

Paramount Speciality Forgings Cash-to-Debt Historical Data

The historical data trend for Paramount Speciality Forgings'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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Paramount Speciality Forgings Cash-to-Debt Chart

Paramount Speciality Forgings Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

0.03

0.12

0.06

0.01

Paramount Speciality Forgings Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Cash-to-Debt	0.03	0.12	0.06	0.01

Competitive Comparison of Paramount Speciality Forgings's Cash-to-Debt

For the Metal Fabrication subindustry, Paramount Speciality Forgings'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.

Paramount Speciality Forgings's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Paramount Speciality Forgings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Paramount Speciality Forgings's Cash-to-Debt falls into.

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Paramount Speciality Forgings 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.

Paramount Speciality Forgings'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)
	=	3.578	/	(246.735	+	2.547)
	=	0.01

Paramount Speciality Forgings'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)
	=	3.578	/	(246.735	+	2.547)
	=	0.01

Paramount Speciality Forgings (NSE:PSFL) 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.

Paramount Speciality Forgings Cash-to-Debt Related Terms

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

Paramount Speciality Forgings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Paramount Speciality Forgings Ltd (NSE:PSFL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dr. Mascarenhas Road, 3, 1, Guru Himmat Building, Anjirwadi, Mazgaon, Mumbai, MH, IND, 400010

Website

https://www.paramountforge.com

Paramount Speciality Forgings Ltd is engaged in manufacturing steel forgings in India. It manufacture and provide forged components ranging in weight from 1Kg to 4 metric tons in rough or finish-machined condition. Its product are used in industry such as Petrochemicals, Chemicals, Fertilizers, Oil and Gas, Nuclear Power, and other heavy engineering sectors. The Company only operates in sale of carbon steel and stainless steel flanges and fittings and other engineering goods made from steel and stainless steel goods or any other goods and merchandise.

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