Macrotech Developers (BOM:543287) Cash-to-Debt : 0.95 (As of Mar. 2024)

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What is Macrotech Developers 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. Macrotech Developers's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.95.

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, Macrotech Developers 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 Macrotech Developers's Cash-to-Debt or its related term are showing as below:

BOM:543287' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.08 Max: 0.95
Current: 0.95

During the past 7 years, Macrotech Developers's highest Cash to Debt Ratio was 0.95. The lowest was 0.06. And the median was 0.08.

BOM:543287's Cash-to-Debt is ranked better than
72.7% of 1791 companies
in the Real Estate industry
Industry Median: 0.26 vs BOM:543287: 0.95

Macrotech Developers Cash-to-Debt Historical Data

The historical data trend for Macrotech Developers'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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Macrotech Developers Cash-to-Debt Chart

Macrotech Developers Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.08

0.14

0.08

0.16

0.95

Macrotech Developers Quarterly Data
	Mar18	Mar19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial														N/A	0.16	0.46	N/A	0.95

Competitive Comparison of Macrotech Developers's Cash-to-Debt

For the Real Estate - Development subindustry, Macrotech Developers'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.

Macrotech Developers's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Macrotech Developers's Cash-to-Debt distribution charts can be found below:

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

Macrotech Developers 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.

Macrotech Developers'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)
	=	73215	/	(57144	+	19832)
	=	0.95

Macrotech Developers'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)
	=	73215	/	(57144	+	19832)
	=	0.95

Macrotech Developers (BOM:543287) 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.

Macrotech Developers Cash-to-Debt Related Terms

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

Macrotech Developers (BOM:543287) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Macrotech Developers Ltd (BOM:543287) » Definitions » Cash-to-Debt

Traded in Other Exchanges

LODHA:India

Address

N M Joshi Marg, Lodha Excelus Building, L 2, Apollo Mills Compound, Mahalaxmi, Mumbai, MH, IND, 400 011

Website

https://www.lodhagroup.in

Macrotech Developers Ltd is the largest real estate developer in India. Its core business is residential real estate developments with a focus on affordable and mid-income housing. Geographically, it derives a majority of revenue from India.

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