Bajaj Electricals (BOM:500031) Cash-to-Debt : 1.47 (As of Mar. 2024)

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What is Bajaj Electricals 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. Bajaj Electricals's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.47.

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, Bajaj Electricals could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

BOM:500031' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.1 Max: 4.05
Current: 1.47

During the past 13 years, Bajaj Electricals's highest Cash to Debt Ratio was 4.05. The lowest was 0.01. And the median was 0.10.

BOM:500031's Cash-to-Debt is ranked better than
60.38% of 419 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.98 vs BOM:500031: 1.47

Bajaj Electricals Cash-to-Debt Historical Data

The historical data trend for Bajaj Electricals'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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Bajaj Electricals Cash-to-Debt Chart

Bajaj Electricals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.10

0.12

1.56

4.05

1.47

Bajaj Electricals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															4.05	N/A	1.11	N/A	1.47

Competitive Comparison of Bajaj Electricals's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, Bajaj Electricals'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.

Bajaj Electricals's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Bajaj Electricals's Cash-to-Debt distribution charts can be found below:

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

Bajaj Electricals 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.

Bajaj Electricals's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 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)
	=	3155.7	/	(422.8	+	1726.1)
	=	1.47

Bajaj Electricals's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	3155.7	/	(422.8	+	1726.1)
	=	1.47

Bajaj Electricals (BOM:500031) 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.

Bajaj Electricals Cash-to-Debt Related Terms

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

Bajaj Electricals (BOM:500031) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Bajaj Electricals Ltd (BOM:500031) » Definitions » Cash-to-Debt

Traded in Other Exchanges

BAJAJELEC:India

Address

Bhanu Shankar Yagnik Marg, Off Eastern Express Highway, 001, 502, 701 and 801, Rustomjee Aspiree, Sion East, Mumbai, MH, IND, 400 022

Website

https://www.bajajelectricals.com

Bajaj Electricals Ltd is an Indian company that manufactures and sells consumer electrical appliances. The company's operating segment includes Consumer Products; Lighting and EPC. The Engineering and Projects segment includes Transmission Line Towers, Power Distribution and Illumination. The Consumer Products segment, which is the key revenue driver, includes Appliances, Fans and Consumer Lighting Products. The Lighting segment includes Professional Lighting (B2B) and Consumer Lighting (B2C)The group has a business presence in India and Outside India.

Bajaj Electricals (BOM:500031) Headlines

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