Syrma SGS Technology (NSE:SYRMA) Cash-to-Debt : 0.25 (As of Mar. 2024)

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What is Syrma SGS Technology 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. Syrma SGS Technology's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.25.

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, Syrma SGS Technology 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 Syrma SGS Technology's Cash-to-Debt or its related term are showing as below:

NSE:SYRMA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.25 Med: 0.33 Max: 1.04
Current: 0.25

During the past 5 years, Syrma SGS Technology's highest Cash to Debt Ratio was 1.04. The lowest was 0.25. And the median was 0.33.

NSE:SYRMA's Cash-to-Debt is ranked worse than
85.92% of 2479 companies
in the Hardware industry
Industry Median: 1.32 vs NSE:SYRMA: 0.25

Syrma SGS Technology Cash-to-Debt Historical Data

The historical data trend for Syrma SGS Technology'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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Syrma SGS Technology Cash-to-Debt Chart

Syrma SGS Technology Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

0.84

1.04

0.32

0.33

0.25

Syrma SGS Technology Quarterly Data
	Mar20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial							0.33	N/A	0.30	N/A	0.25

Competitive Comparison of Syrma SGS Technology's Cash-to-Debt

For the Electronic Components subindustry, Syrma SGS Technology'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.

Syrma SGS Technology's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Syrma SGS Technology's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Syrma SGS Technology's Cash-to-Debt falls into.

Syrma SGS Technology 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.

Syrma SGS Technology'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)
	=	1571.89	/	(5187.81	+	1111.07)
	=	0.25

Syrma SGS Technology'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)
	=	1571.89	/	(5187.81	+	1111.07)
	=	0.25

Syrma SGS Technology (NSE:SYRMA) 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.

Syrma SGS Technology Cash-to-Debt Related Terms

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Syrma SGS Technology (NSE:SYRMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Syrma SGS Technology Ltd (NSE:SYRMA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

543573:India

Address

MEPZ-SEZ, Sanatorium, Plot B27, Phase II, Zone B, Tambaram, Chennai, TN, IND, 600 045

Website

https://www.syrmasgs.com

Syrma SGS Technology Ltd is a technology focussed engineering and design company engaged in turnkey electronics manufacturing services, specializing in precision manufacturing for diverse end-use industries, including industrial appliances, automotive, healthcare, consumer products and IT industries.

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