Trom Industries (NSE:TROM) Cash-to-Debt : 0.08 (As of Mar. 2024)

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What is Trom Industries 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. Trom Industries's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.08.

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

NSE:TROM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.25 Max: 0.69
Current: 0.08

During the past 4 years, Trom Industries's highest Cash to Debt Ratio was 0.69. The lowest was 0.08. And the median was 0.25.

NSE:TROM's Cash-to-Debt is ranked worse than
95.14% of 1009 companies
in the Semiconductors industry
Industry Median: 1.83 vs NSE:TROM: 0.08

Trom Industries Cash-to-Debt Historical Data

The historical data trend for Trom Industries'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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Trom Industries Cash-to-Debt Chart

Trom Industries Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

0.42

0.69

0.09

0.08

Trom Industries Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Cash-to-Debt	0.42	0.69	0.09	0.08

Competitive Comparison of Trom Industries's Cash-to-Debt

For the Solar subindustry, Trom Industries'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.

Trom Industries's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Trom Industries's Cash-to-Debt distribution charts can be found below:

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

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Trom Industries 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.

Trom Industries'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)
	=	4.724	/	(21.635	+	35.736)
	=	0.08

Trom Industries'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)
	=	4.724	/	(21.635	+	35.736)
	=	0.08

Trom Industries (NSE:TROM) 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.

Trom Industries Cash-to-Debt Related Terms

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Trom Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Trom Industries Ltd (NSE:TROM) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Sargasan Cross Road, 4th Floor, 421, Pramukh Tangent, Gandhinagar, GJ, IND, 382421

Website

https://www.tromindustries.com

Trom Industries Ltd is a Solar EPC (Engineering, Procurement, and Construction) company engaged in residential solar rooftop, industrial solar power plants, ground-mounted solar power plants, and solar street lights.

Trom Industries Headlines

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