Ratnamani Metals & Tubes (BOM:520111) Cash-to-Debt : 2.19 (As of Mar. 2024)

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What is Ratnamani Metals & Tubes 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. Ratnamani Metals & Tubes's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.19.

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, Ratnamani Metals & Tubes 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 Ratnamani Metals & Tubes's Cash-to-Debt or its related term are showing as below:

BOM:520111' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 1.54 Max: No Debt
Current: 2.19

During the past 13 years, Ratnamani Metals & Tubes's highest Cash to Debt Ratio was No Debt. The lowest was 0.12. And the median was 1.54.

BOM:520111's Cash-to-Debt is ranked better than
76.91% of 615 companies
in the Steel industry
Industry Median: 0.44 vs BOM:520111: 2.19

Ratnamani Metals & Tubes Cash-to-Debt Historical Data

The historical data trend for Ratnamani Metals & Tubes'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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Ratnamani Metals & Tubes Cash-to-Debt Chart

Ratnamani Metals & Tubes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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1.35

3.36

1.11

0.83

2.19

Ratnamani Metals & Tubes 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															0.83	N/A	1.87	N/A	2.19

Competitive Comparison of Ratnamani Metals & Tubes's Cash-to-Debt

For the Steel subindustry, Ratnamani Metals & Tubes'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.

Ratnamani Metals & Tubes's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ratnamani Metals & Tubes's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ratnamani Metals & Tubes's Cash-to-Debt falls into.

Ratnamani Metals & Tubes 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.

Ratnamani Metals & Tubes'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)
	=	3340.332	/	(1227.321	+	301.391)
	=	2.19

Ratnamani Metals & Tubes'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)
	=	3340.332	/	(1227.321	+	301.391)
	=	2.19

Ratnamani Metals & Tubes (BOM:520111) 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.

Ratnamani Metals & Tubes Cash-to-Debt Related Terms

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

Ratnamani Metals & Tubes (BOM:520111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ratnamani Metals & Tubes Ltd (BOM:520111) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

RATNAMANI:India

Address

The First Avenue Road, Off 132 Ft Ring Road, The First, A & B Wing, 9th Floor, Behind Keshav Baug Party Plot, Vastrapur, Ahmedabad, GJ, IND, 380015

Website

https://www.ratnamani.com

Ratnamani Metals & Tubes Ltd is a manufacturer of stainless steel pipes, tubes, and carbon steel pipes. The company's product mix consists of stainless steel tubes and pipes, carbon steel pipes, and external and internal coating solutions. It operates in the Steel Tubes and Pipes segment. The company's end market by revenue is India. The firm's manufacturing facilities are located in Kutch, Indrad, and Chhatral in the state of Gujarat.

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