Gurkhas Finance (XNEP:GUFL) Cash-to-Debt : No Debt ⁽¹⁾ (As of Apr. 2024)

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What is Gurkhas Finance 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. Gurkhas Finance's cash to debt ratio for the quarter that ended in Apr. 2024 was No Debt ⁽¹⁾.

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, Gurkhas Finance could pay off its debt using the cash in hand for the quarter that ended in Apr. 2024.

(1) 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.

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

XNEP:GUFL' s Cash-to-Debt Range Over the Past 10 Years
Min: 11.07 Med: No Debt Max: No Debt
Current: No Debt

During the past 11 years, Gurkhas Finance's highest Cash to Debt Ratio was No Debt. The lowest was 11.07. And the median was No Debt.

XNEP:GUFL's Cash-to-Debt is ranked better than
99.87% of 1571 companies
in the Banks industry
Industry Median: 1.27 vs XNEP:GUFL: No Debt

Gurkhas Finance Cash-to-Debt Historical Data

The historical data trend for Gurkhas Finance'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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Gurkhas Finance Cash-to-Debt Chart

Gurkhas Finance Annual Data

Trend

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Jul20

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Jul23

Cash-to-Debt

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No Debt

Gurkhas Finance Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Gurkhas Finance's Cash-to-Debt

For the Banks - Regional subindustry, Gurkhas Finance'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.

Gurkhas Finance's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Gurkhas Finance's Cash-to-Debt distribution charts can be found below:

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

Gurkhas Finance Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Gurkhas Finance's Cash to Debt Ratio for the fiscal year that ended in Jul. 2023 is calculated as:

Gurkhas Finance had no debt ⁽¹⁾.

Gurkhas Finance's Cash to Debt Ratio for the quarter that ended in Apr. 2024 is calculated as:

Gurkhas Finance had no debt ⁽¹⁾.

Gurkhas Finance (XNEP:GUFL) 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.

Gurkhas Finance Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Gurkhas Finance's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Gurkhas Finance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Gurkhas Finance Ltd (XNEP:GUFL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dillibazzar, Charkhal Road, Kathmandu, NPL

Website

https://www.gurkhasfinance.com.np

Gurkhas Finance Ltd is a Nepal based company engaged in the provision of banking services. The revenue is bifurcated into three sectors Customer banking, Treasury, and Others. Customer banking includes loans and deposit, service charges related to loans and deposit and related charges, and income. The Treasury segment generates revenue by making an investment in government securities, corporate bonds, mutual fund units, shares, etc. The company provides E-banking, Debit card, remittance, and mobile banking. It operates in different geographical segments based on its province: Province 1, Province 2, Bagmati, Gandaki, Lumbini, Karnali, and Far West.

Gurkhas Finance Headlines

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Gurkhas Finance (XNEP:GUFL) Cash-to-Debt : No Debt (1) (As of Apr. 2024)