RNFI Services (NSE:RNFI) Cash-to-Debt : 3.24 (As of Sep. 2024)

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What is RNFI Services 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. RNFI Services's cash to debt ratio for the quarter that ended in Sep. 2024 was 3.24.

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, RNFI Services 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 RNFI Services's Cash-to-Debt or its related term are showing as below:

NSE:RNFI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.94 Med: 2.07 Max: 4.7
Current: 3.24

During the past 4 years, RNFI Services's highest Cash to Debt Ratio was 4.70. The lowest was 0.94. And the median was 2.07.

NSE:RNFI's Cash-to-Debt is ranked better than
54.2% of 786 companies
in the Capital Markets industry
Industry Median: 2.365 vs NSE:RNFI: 3.24

RNFI Services Cash-to-Debt Historical Data

The historical data trend for RNFI Services'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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RNFI Services Cash-to-Debt Chart

RNFI Services Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

2.29

4.70

1.62

1.84

RNFI Services Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial			4.70	1.62	0.94	1.84	3.24

Competitive Comparison of RNFI Services's Cash-to-Debt

For the Capital Markets subindustry, RNFI Services'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.

RNFI Services's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, RNFI Services's Cash-to-Debt distribution charts can be found below:

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

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RNFI Services 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.

RNFI Services'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)
	=	598.515	/	(150.398	+	174.662)
	=	1.84

RNFI Services'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)
	=	746.468	/	(70.839	+	159.743)
	=	3.24

RNFI Services (NSE:RNFI) 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.

RNFI Services Cash-to-Debt Related Terms

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RNFI Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » RNFI Services Ltd (NSE:RNFI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

DLF Industrial Area, Plot No. 42, UG-5, Relipay House, Kirti Nagar, West Delhi, New Delhi, IND, 110015

Website

https://www.rnfiservices.com

RNFI Services Ltd is a tech-enabled platform offering financial technology solutions in the B2B and B2B2C financial technology arena through an integrated business model via online portal and mobile application, focusing on providing banking, digital, and Government to Citizen (G2C) services on PAN India basis. It segregates its business into three segments namely; Business correspondent services; Non-business correspondent services; and others. Key revenue is generated from the Non-business correspondent services.

RNFI Services Headlines

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