Sagardeep Alloys (NSE:SAGARDEEP) Cash-to-Debt : 0.04 (As of Mar. 2023)

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What is Sagardeep Alloys 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. Sagardeep Alloys's cash to debt ratio for the quarter that ended in Mar. 2023 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, Sagardeep Alloys couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

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

NSE:SAGARDEEP's Cash-to-Debt is not ranked ^*
in the Metals & Mining industry.
Industry Median: 18.395
* Ranked among companies with meaningful Cash-to-Debt only.

Sagardeep Alloys Cash-to-Debt Historical Data

The historical data trend for Sagardeep Alloys'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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Sagardeep Alloys Cash-to-Debt Chart

Sagardeep Alloys Annual Data

Trend

Mar11

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.02

0.03

0.40

0.04

Sagardeep Alloys Quarterly Data
	Sep16	Mar17	Mar18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23
Cash-to-Debt	Get a 7-Day Free Trial															N/A	0.40	N/A	N/A	0.04

Competitive Comparison of Sagardeep Alloys's Cash-to-Debt

For the Copper subindustry, Sagardeep Alloys'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.

Sagardeep Alloys's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sagardeep Alloys's Cash-to-Debt distribution charts can be found below:

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

Sagardeep Alloys 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.

Sagardeep Alloys's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 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)
	=	2.258	/	(50.212	+	11.5)
	=	0.04

Sagardeep Alloys's Cash to Debt Ratio for the quarter that ended in Mar. 2023 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)
	=	2.258	/	(50.212	+	11.5)
	=	0.04

Sagardeep Alloys (NSE:SAGARDEEP) 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.

Sagardeep Alloys Cash-to-Debt Related Terms

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Sagardeep Alloys (NSE:SAGARDEEP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sagardeep Alloys Ltd (NSE:SAGARDEEP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Khatraj Road, Plot number 2070, Rajnagar Patia, Santej, Santej Kalol, Gandhinagar, GJ, IND, 382721

Website

https://www.sdalloys.com

Sagardeep Alloys Ltd manufactures basic precious and non-ferrous alloys. It is also a wholesaler of metal and metal ores. It is engaged in the manufacturing and trading of copper and brass products such as pipes and tubes and the trading of stainless steel, copper, brass, and other metal product. Its product offering consists of Gilding Metal, Commercial Bronze, Red Brass, Low Brass, Cartridge Brass, Yellow Brass, Muntz Metal, Cupro Nickel Tubes and Pipe, Cupro Nickel Rods, Stainless Steel Scrap Grades, Stainless Steel Pipes and Tubes, Stainless Steel Sheets / Plates, Stainless Steel Coils, Stainless Steel Bars, Copper Pipes and Tubes, Copper Flats, Copper Coils, Copper Rod, Copper Anodes / Nuggets, Copper Plates, Oxygen Free Copper.

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