Vinyas Innovative Technologies (NSE:VINYAS) Cash-to-Debt : 0.05 (As of Mar. 2023)

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What is Vinyas Innovative Technologies 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. Vinyas Innovative Technologies's cash to debt ratio for the quarter that ended in Mar. 2023 was 0.05.

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, Vinyas Innovative Technologies 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 Vinyas Innovative Technologies's Cash-to-Debt or its related term are showing as below:

NSE:VINYAS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.05 Max: 0.07
Current: 0.05

During the past 3 years, Vinyas Innovative Technologies's highest Cash to Debt Ratio was 0.07. The lowest was 0.05. And the median was 0.05.

NSE:VINYAS's Cash-to-Debt is ranked worse than
95.53% of 2995 companies
in the Industrial Products industry
Industry Median: 1.23 vs NSE:VINYAS: 0.05

Vinyas Innovative Technologies Cash-to-Debt Historical Data

The historical data trend for Vinyas Innovative Technologies'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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Vinyas Innovative Technologies Cash-to-Debt Chart

Vinyas Innovative Technologies Annual Data

Trend

Mar21

Mar22

Mar23

Cash-to-Debt

0.05

0.07

0.05

Vinyas Innovative Technologies Semi-Annual Data
	Mar21	Mar22	Mar23
Cash-to-Debt	0.05	0.07	0.05

Competitive Comparison of Vinyas Innovative Technologies's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Vinyas Innovative Technologies'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.

Vinyas Innovative Technologies's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Vinyas Innovative Technologies's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Vinyas Innovative Technologies's Cash-to-Debt falls into.

Vinyas Innovative Technologies 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.

Vinyas Innovative Technologies'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)
	=	44.578	/	(667.695	+	191.993)
	=	0.05

Vinyas Innovative Technologies'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)
	=	44.578	/	(667.695	+	191.993)
	=	0.05

Vinyas Innovative Technologies (NSE:VINYAS) 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.

Vinyas Innovative Technologies Cash-to-Debt Related Terms

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Vinyas Innovative Technologies (NSE:VINYAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vinyas Innovative Technologies Ltd (NSE:VINYAS) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Plot No. 19, Survey No. 26 & 273-P, 3rd Phase, Koorgalli Industrial Area, Ilawala Hobali, Mysore, KA, IND, 570018

Website

https://www.vinyasit.com

Vinyas Innovative Technologies Ltd is a provider of design, engineering and electronics manufacturing services catering to global Original Equipment Manufacturers and Original Design Manufacturers in the Electronic Industry. As an integrated electronic manufacturing services provider, the Company offers a broad range of products and services across multiple industry segments. With wide industry knowledge, cutting-edge technologies & state-of-the-art infrastructure, Vinyas supports its Global partners from conceptualizing the design, engineering, and manufacturing to turnkey requirements for mission-critical applications.

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