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PITA (Heramba Electric) Cash-to-Debt : 0.22 (As of Dec. 2023)


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What is Heramba Electric 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. Heramba Electric's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.22.

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, Heramba Electric couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

PITA's Cash-to-Debt is not ranked *
in the Industrial Distribution industry.
Industry Median: 0.41
* Ranked among companies with meaningful Cash-to-Debt only.

Heramba Electric Cash-to-Debt Historical Data

The historical data trend for Heramba Electric'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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Heramba Electric Cash-to-Debt Chart

Heramba Electric Annual Data
Trend Dec22 Dec23
Cash-to-Debt
No Debt 0.22

Heramba Electric Semi-Annual Data
Dec22 Jun23 Dec23
Cash-to-Debt No Debt 1.01 0.22

Competitive Comparison of Heramba Electric's Cash-to-Debt

For the Industrial Distribution subindustry, Heramba Electric'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.


Heramba Electric's Cash-to-Debt Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Heramba Electric's Cash-to-Debt distribution charts can be found below:

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


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Heramba Electric 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.

Heramba Electric's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Heramba Electric's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

* 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.


Heramba Electric  (NAS:PITA) 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.


Heramba Electric Cash-to-Debt Related Terms

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Heramba Electric Business Description

Traded in Other Exchanges
N/A
Address
Kiepe Platz 1, Dusseldorf, NW, DEU, D-40599
Heramba Electric PLC provides electric mobility products and solutions for rail vehicles and buses. It offers its services to public transport companies, fleet operators and vehicle manufacturers as a solution designer and system integrator of electrical systems for rail vehicle systems (including trams, light rail vehicles, metros, regional trains and locomotives) and electrical vehicle systems (including electric buses, such as pure electric In Motion Charging trolley buses and battery electric buses). As an electrical engineering specialist, the Company supplies urban operators and rail vehicle and bus manufacturers with electrical systems for ecologically sustainable and emission-free public transportation solutions.