Lloyds Enterprises (BOM:512463) Cash-to-Debt : 1.63 (As of Mar. 2024)

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What is Lloyds Enterprises 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. Lloyds Enterprises's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.63.

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, Lloyds Enterprises 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 Lloyds Enterprises's Cash-to-Debt or its related term are showing as below:

BOM:512463' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.47 Med: No Debt Max: No Debt
Current: 1.63

During the past 13 years, Lloyds Enterprises's highest Cash to Debt Ratio was No Debt. The lowest was 0.47. And the median was No Debt.

BOM:512463's Cash-to-Debt is ranked better than
74.7% of 577 companies
in the Steel industry
Industry Median: 0.44 vs BOM:512463: 1.63

Lloyds Enterprises Cash-to-Debt Historical Data

The historical data trend for Lloyds Enterprises'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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Lloyds Enterprises Cash-to-Debt Chart

Lloyds Enterprises Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

3.34

0.47

0.51

1.63

Lloyds Enterprises 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															0.51	N/A	2.05	N/A	1.63

Competitive Comparison of Lloyds Enterprises's Cash-to-Debt

For the Steel subindustry, Lloyds Enterprises'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.

Lloyds Enterprises's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Lloyds Enterprises's Cash-to-Debt distribution charts can be found below:

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

Lloyds Enterprises 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.

Lloyds Enterprises'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)
	=	2036.733	/	(1079.277	+	169.467)
	=	1.63

Lloyds Enterprises'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)
	=	2036.733	/	(1079.277	+	169.467)
	=	1.63

Lloyds Enterprises (BOM:512463) 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.

Lloyds Enterprises Cash-to-Debt Related Terms

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

Lloyds Enterprises (BOM:512463) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Lloyds Enterprises Ltd (BOM:512463) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pandurang Budhkar Marg, A2, 2nd Floor, Madhu Estate, Lower Parel, Mumbai, MH, IND, 400013

Website

https://www.sgtl.in

Lloyds Enterprises Ltd Formerly Shree Global Tradefin Ltd is engaged in the trading of iron and steel. The Business of the Company includes carrying on the business of importers, exporters, and dealers in iron and steel, alloy steel scrap, steel tubes, pipes, and wires. Geographically, the company operates only in India.

Lloyds Enterprises (BOM:512463) Headlines

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