Ashirwad Steels & Industries (BOM:526847) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Ashirwad Steels & Industries 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. Ashirwad Steels & Industries'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, Ashirwad Steels & Industries 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 Ashirwad Steels & Industries's Cash-to-Debt or its related term are showing as below:

BOM:526847' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Ashirwad Steels & Industries's highest Cash to Debt Ratio was No Debt. The lowest was 0.14. And the median was No Debt.

BOM:526847's Cash-to-Debt is ranked better than
99.66% of 593 companies
in the Steel industry
Industry Median: 0.44 vs BOM:526847: No Debt

Ashirwad Steels & Industries Cash-to-Debt Historical Data

The historical data trend for Ashirwad Steels & Industries'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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Ashirwad Steels & Industries Cash-to-Debt Chart

Ashirwad Steels & Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.14

No Debt

Ashirwad Steels & Industries 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 Ashirwad Steels & Industries's Cash-to-Debt

For the Steel subindustry, Ashirwad Steels & Industries'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.

Ashirwad Steels & Industries's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ashirwad Steels & Industries's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ashirwad Steels & Industries's Cash-to-Debt falls into.

Ashirwad Steels & Industries 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.

Ashirwad Steels & Industries's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Ashirwad Steels & Industries had no debt ⁽¹⁾.

Ashirwad Steels & Industries's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Ashirwad Steels & Industries had no debt ⁽¹⁾.

Ashirwad Steels & Industries (BOM:526847) 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.

Ashirwad Steels & Industries Cash-to-Debt Related Terms

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

Ashirwad Steels & Industries (BOM:526847) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ashirwad Steels & Industries Ltd (BOM:526847) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

6, Waterloo Street, 5th Floor, Suite No. 506, Kolkata, WB, IND, 700069

Website

https://www.ashirwadsteels.com

Ashirwad Steels & Industries Ltd is an Indian based company that operates in the sponge iron business. It is involved in the manufacturing of sponge iron using iron-ore and coal as the raw materials. The sponge iron is used as input by the steel melting shops to produce ingots and billets which are thereafter re-rolled by the rolling mills to produce end steel products like Rods, Bars, Plain Rounds, Angles, Flats, Channels, Girders and others. Geographically, the business activity is carried out through the region of India and derives revenue through the sale of products.

Ashirwad Steels & Industries (BOM:526847) Headlines

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Ashirwad Steels & Industries (BOM:526847) Cash-to-Debt : No Debt (1) (As of Mar. 2024)