Harmony Capital Services (BOM:530055) Cash-to-Debt

: N/A (As of Dec. 2023)

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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. Harmony Capital Services's cash to debt ratio for the quarter that ended in Dec. 2023 was N/A.

(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 Harmony Capital Services's Cash-to-Debt or its related term are showing as below:

BOM:530055' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.88 Med: No Debt Max: No Debt
Current: 0.88

During the past 13 years, Harmony Capital Services's highest Cash to Debt Ratio was No Debt. The lowest was 0.88. And the median was No Debt.

BOM:530055's Cash-to-Debt is ranked worse than
64.77% of 789 companies
in the Capital Markets industry
Industry Median: 1.76 vs BOM:530055: 0.88

Harmony Capital Services Cash-to-Debt Historical Data

The historical data trend for Harmony Capital Services'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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Harmony Capital Services Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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No Debt

71.27

No Debt

Harmony Capital Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															N/A	No Debt	N/A	0.88	N/A

Competitive Comparison

For the Capital Markets subindustry, Harmony Capital Services'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.

Harmony Capital Services Cash-to-Debt Distribution

For the Capital Markets industry and Financial Services sector, Harmony Capital Services's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Harmony Capital Services's Cash-to-Debt falls into.

Harmony Capital Services 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.

Harmony Capital Services's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Harmony Capital Services had no debt ⁽¹⁾.

Harmony Capital Services's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Harmony Capital Services (BOM:530055) 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.

Harmony Capital Services Cash-to-Debt Related Terms

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

Harmony Capital Services (BOM:530055) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Harmony Capital Services Ltd (BOM:530055) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

470-B, N.M. Joshi Marg, Office No. 8A, 8th Floor, Astral Centre, Chinchpokli (West), Mumbai, MH, IND, 400011

Website

https://www.hcsl.co.in

Harmony Capital Services Ltd is a financial services company. The Company is engaged in investment activities and other financial services for corporations and individuals. The services include financial consultancy, lease and hire purchase syndication, bill discounting, inter-corporate deposits, bridge loan against a public issue or right issue, preparation of feasibility reports, capital structuring, mergers, acquisitions, and divestments, consultancy to the public, loan syndication with banks and financial institutions, and investment banking, among others. It operates in the business segment of Finance and Shares trading activity.

Harmony Capital Services (BOM:530055) Headlines

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