Shubhshree Biofuels Energy (NSE:SHUBHSHREE) Cash-to-Debt : 56.97 (As of Sep. 2024)

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What is Shubhshree Biofuels Energy 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. Shubhshree Biofuels Energy's cash to debt ratio for the quarter that ended in Sep. 2024 was 56.97.

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, Shubhshree Biofuels Energy 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 Shubhshree Biofuels Energy's Cash-to-Debt or its related term are showing as below:

NSE:SHUBHSHREE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.72 Med: 2.25 Max: 56.97
Current: 56.97

During the past 3 years, Shubhshree Biofuels Energy's highest Cash to Debt Ratio was 56.97. The lowest was 0.72. And the median was 2.25.

NSE:SHUBHSHREE's Cash-to-Debt is ranked better than
91.63% of 430 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.265 vs NSE:SHUBHSHREE: 56.97

Shubhshree Biofuels Energy Cash-to-Debt Historical Data

The historical data trend for Shubhshree Biofuels Energy'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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Shubhshree Biofuels Energy Cash-to-Debt Chart

Shubhshree Biofuels Energy Annual Data

Trend

Mar22

Mar23

Mar24

Cash-to-Debt

0.72

1.32

3.18

Shubhshree Biofuels Energy Semi-Annual Data
	Mar22	Mar23	Mar24	Sep24
Cash-to-Debt	0.72	1.32	3.18	56.97

Competitive Comparison of Shubhshree Biofuels Energy's Cash-to-Debt

For the Utilities - Renewable subindustry, Shubhshree Biofuels Energy'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.

Shubhshree Biofuels Energy's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Shubhshree Biofuels Energy's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shubhshree Biofuels Energy's Cash-to-Debt falls into.

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Shubhshree Biofuels Energy 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.

Shubhshree Biofuels Energy'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)
	=	19.278	/	(0.722	+	5.344)
	=	3.18

Shubhshree Biofuels Energy'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)
	=	159.277	/	(0.753	+	2.043)
	=	56.97

Shubhshree Biofuels Energy (NSE:SHUBHSHREE) 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.

Shubhshree Biofuels Energy Cash-to-Debt Related Terms

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Shubhshree Biofuels Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Shubhshree Biofuels Energy Ltd (NSE:SHUBHSHREE) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Pandit T.N Mishra Marg, Plot No. 8 Ganesh Vihar B, Nirman Nagar, Shyam Nagar, Jaipur, RJ, IND, 302019

Website

https://www.shubhshreebiofuels.co.in

Shubhshree Biofuels Energy Ltd is engaged in the business of manufacturing & supplying of biomass fuels, which includes biomass pellets and briquettes. These biomass fuels are an alternative source of energy which are basically used in commercial and industrial heating, cooking fuel, industrial burning and electricity generation, as an alternative to fossil fuels like coal, firewood, lignite, Agri-waste, etc. The briquettes are majorly used for industrial purposes like running boilers etc. and the pellets are majorly used as cooking fuel or commercial purposes. The company is currently selling these pellets and briquettes to customers who are engaged in the business of recycling material, textile processing, pharmaceutical, metal, etc.

Shubhshree Biofuels Energy Headlines

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