Globus Power Generation (BOM:526025) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Globus Power Generation 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. Globus Power Generation's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

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, Globus Power Generation could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(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 Globus Power Generation's Cash-to-Debt or its related term are showing as below:

BOM:526025' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: No Debt Max: No Debt
Current: No Debt

During the past 11 years, Globus Power Generation's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was No Debt.

BOM:526025's Cash-to-Debt is ranked better than
99.53% of 426 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.225 vs BOM:526025: No Debt

Globus Power Generation Cash-to-Debt Historical Data

The historical data trend for Globus Power Generation'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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Globus Power Generation Cash-to-Debt Chart

Globus Power Generation Annual Data

Trend

Mar15

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Mar21

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Mar24

Cash-to-Debt

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No Debt

Globus Power Generation 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															No Debt	N/A	No Debt	N/A	No Debt

Competitive Comparison of Globus Power Generation's Cash-to-Debt

For the Utilities - Renewable subindustry, Globus Power Generation'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.

Globus Power Generation's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Globus Power Generation's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Globus Power Generation's Cash-to-Debt falls into.

Globus Power Generation 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.

Globus Power Generation's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Globus Power Generation had no debt ⁽¹⁾.

Globus Power Generation's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Globus Power Generation had no debt ⁽¹⁾.

Globus Power Generation (BOM:526025) 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.

Globus Power Generation Cash-to-Debt Related Terms

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

Globus Power Generation (BOM:526025) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Globus Power Generation Ltd (BOM:526025) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Naraina Industrial Area, A-60, Phase-I, New Delhi, UP, IND, 110028

Website

http://www.gpgl.in

Globus Power Generation Ltd is a company engaged in the business of making investments in the infrastructure sector particularly power generation business and acquisition of wind/biomass/solar power plants. It is also involved in investing in other securities, derivatives, mutual funds, and properties. It offers an alternative revelation to conventional sources, such as coal and gasoline. It is involved in the sale of biomass fuel in the line of activity of power generation.

Globus Power Generation (BOM:526025) Headlines

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Globus Power Generation (BOM:526025) Cash-to-Debt : No Debt (1) (As of Mar. 2024)