Comfort Fincap (BOM:535267) 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. Comfort Fincap's cash to debt ratio for the quarter that ended in Dec. 2023 was N/A.

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

BOM:535267' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.07 Max: 2.04
Current: 0.04

During the past 13 years, Comfort Fincap's highest Cash to Debt Ratio was 2.04. The lowest was 0.01. And the median was 0.07.

BOM:535267's Cash-to-Debt is ranked worse than
78.77% of 504 companies
in the Credit Services industry
Industry Median: 0.235 vs BOM:535267: 0.04

Comfort Fincap Cash-to-Debt Historical Data

The historical data trend for Comfort Fincap'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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Comfort Fincap Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

0.07

0.01

0.04

0.03

Comfort Fincap Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Cash-to-Debt																0.01	N/A	0.03	0.04	N/A

Competitive Comparison

For the Credit Services subindustry, Comfort Fincap'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.

Comfort Fincap Cash-to-Debt Distribution

For the Credit Services industry and Financial Services sector, Comfort Fincap's Cash-to-Debt distribution charts can be found below:

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

Comfort Fincap 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.

Comfort Fincap'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)
	=	8.829	/	(0	+	276.144)
	=	0.03

Comfort Fincap'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.

Comfort Fincap (BOM:535267) 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.

Comfort Fincap Cash-to-Debt Related Terms

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Comfort Fincap (BOM:535267) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Comfort Fincap Ltd (BOM:535267) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

S.V. Road, Opposite Natraj Market, A-301, Hetal Arch, Malad (West), Mumbai, MH, IND, 400064

Website

http://www.comfortfincap.com

Comfort Fincap Ltd is an India based non-banking financial company. It provides various financial solutions to commercial, industrial and financial clients. Its offerings include advancing loans against listed shares, securities, and properties, corporate loans, personal loans, trade financing, promoter funding, IPO (initial public offer) financing, bills discounting, margin funding, trading in shares and securities and arbitrage business in stock and commodity market. It generates revenue in the form of professional fees and interest income received from loans and advances and term deposits.

Comfort Fincap (BOM:535267) Headlines

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