Taylormade Renewables (BOM:541228) Cash-to-Debt : 0.09 (As of Sep. 2023)

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What is Taylormade Renewables 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. Taylormade Renewables's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.09.

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, Taylormade Renewables couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

BOM:541228' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.08 Max: 443.2
Current: 0.09

During the past 11 years, Taylormade Renewables's highest Cash to Debt Ratio was 443.20. The lowest was 0.00. And the median was 0.08.

BOM:541228's Cash-to-Debt is ranked worse than
95.07% of 934 companies
in the Semiconductors industry
Industry Median: 1.885 vs BOM:541228: 0.09

Taylormade Renewables Cash-to-Debt Historical Data

The historical data trend for Taylormade Renewables'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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Taylormade Renewables Cash-to-Debt Chart

Taylormade Renewables Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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3.03

0.02

0.03

0.12

Taylormade Renewables Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial													-	0.03	0.07	0.12	0.09

Competitive Comparison of Taylormade Renewables's Cash-to-Debt

For the Solar subindustry, Taylormade Renewables'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.

Taylormade Renewables's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Taylormade Renewables's Cash-to-Debt distribution charts can be found below:

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

Taylormade Renewables 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.

Taylormade Renewables's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 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)
	=	4.043	/	(31.333	+	1.942)
	=	0.12

Taylormade Renewables's Cash to Debt Ratio for the quarter that ended in Sep. 2023 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)
	=	4.163	/	(38.227	+	9.097)
	=	0.09

Taylormade Renewables (BOM:541228) 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.

Taylormade Renewables Cash-to-Debt Related Terms

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

Taylormade Renewables (BOM:541228) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Taylormade Renewables Ltd (BOM:541228) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

S.G. Road, 705, Shapath - II, Opposite Rajpath Club, Bodakdev, Ahmedabad, GJ, IND, 380015

Website

https://www.trlindia.com

Taylormade Renewables Ltd is engaged in providing renewable energy solutions. The firm manufactures solar energy equipment. It offers Photovoltaics, Evacuated tubes, Panels, Air source heat pumps, Dish cookers, Dryers, Biomass gasfiers, Cookstoves, and other related products. It serves customers in India. The Company has the product TRL-RAIN developed for evaporation and condensation from Saline, Brackish, Chemical induced water, Waste Water produced from various industries like Oil & Gas, Textiles & Tanneries, Power Generation, Mining & Metals, Refining & Chemicals, etc.

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