Steel Exchange India (BOM:534748) Cash-to-Debt : 0.15 (As of Mar. 2024)

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What is Steel Exchange India 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. Steel Exchange India's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.15.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Steel Exchange India couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

BOM:534748' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.15
Current: 0.15

During the past 13 years, Steel Exchange India's highest Cash to Debt Ratio was 0.15. The lowest was 0.00. And the median was 0.02.

BOM:534748's Cash-to-Debt is ranked worse than
71.5% of 593 companies
in the Steel industry
Industry Median: 0.44 vs BOM:534748: 0.15

Steel Exchange India Cash-to-Debt Historical Data

The historical data trend for Steel Exchange India'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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Steel Exchange India Cash-to-Debt Chart

Steel Exchange India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.03

0.01

0.03

0.15

Steel Exchange India 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															0.03	N/A	0.16	N/A	0.15

Competitive Comparison of Steel Exchange India's Cash-to-Debt

For the Steel subindustry, Steel Exchange India'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.

Steel Exchange India's Cash-to-Debt Distribution in the Steel Industry

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

* The bar in red indicates where Steel Exchange India's Cash-to-Debt falls into.

Steel Exchange India 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.

Steel Exchange India'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)
	=	559.835	/	(419.477	+	3405.473)
	=	0.15

Steel Exchange India'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)
	=	559.835	/	(419.477	+	3405.473)
	=	0.15

Steel Exchange India (BOM:534748) 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.

Steel Exchange India Cash-to-Debt Related Terms

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

Steel Exchange India (BOM:534748) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Steel Exchange India Ltd (BOM:534748) » Definitions » Cash-to-Debt

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STEELXIND:India

Address

Block A, Green City Towers, Near Apparel Export Park, Green City, Vadlapudi Post, Visakhapatnam, AP, IND, 530049

Website

https://www.seil.co.in

Steel Exchange India Ltd is engaged in the business of manufacturing and marketing iron and steel products. It operates in the Iron and Steel and Power segment. The division also deals with the products manufactured by the company namely TMT bars, Sponge Iron, and Steel billet, RINL (Vizag Steel) and is marketed in some of the coastal regions. The company also engages in the generation and sale of power to power traders. The company generates the majority of its revenue from the Iron and steel segment.

Steel Exchange India (BOM:534748) Headlines

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