Shyam Metalics and Energy (BOM:543299) Cash-to-Debt : 2.29 (As of Mar. 2024)

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What is Shyam Metalics and Energy 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. Shyam Metalics and Energy's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.29.

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, Shyam Metalics and Energy could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

BOM:543299' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.4 Max: 2.29
Current: 2.29

During the past 8 years, Shyam Metalics and Energy's highest Cash to Debt Ratio was 2.29. The lowest was 0.07. And the median was 0.40.

BOM:543299's Cash-to-Debt is ranked better than
77.4% of 615 companies
in the Steel industry
Industry Median: 0.44 vs BOM:543299: 2.29

Shyam Metalics and Energy Cash-to-Debt Historical Data

The historical data trend for Shyam Metalics and Energy'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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Shyam Metalics and Energy Cash-to-Debt Chart

Shyam Metalics and Energy Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.09

0.62

1.85

0.61

2.29

Shyam Metalics and Energy Quarterly Data
	Mar17	Mar18	Mar19	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	0.61	0.37	N/A	2.29

Competitive Comparison of Shyam Metalics and Energy's Cash-to-Debt

For the Steel subindustry, Shyam Metalics and Energy'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.

Shyam Metalics and Energy's Cash-to-Debt Distribution in the Steel Industry

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

* The bar in red indicates where Shyam Metalics and Energy's Cash-to-Debt falls into.

Shyam Metalics and Energy 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.

Shyam Metalics and Energy'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)
	=	13688.8	/	(3197.2	+	2771.9)
	=	2.29

Shyam Metalics and Energy'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)
	=	13688.8	/	(3197.2	+	2771.9)
	=	2.29

Shyam Metalics and Energy (BOM:543299) 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.

Shyam Metalics and Energy Cash-to-Debt Related Terms

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

Shyam Metalics and Energy (BOM:543299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shyam Metalics and Energy Ltd (BOM:543299) » Definitions » Cash-to-Debt

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SHYAMMETL:India

Address

83, Topsia Road, Trinity Tower, 7th Floor, Kolkata, WB, IND, 700046

Website

https://www.shyammetalics.com

Shyam Metalics and Energy Ltd is an integrated metal producer company. It is primarily engaged in the production of long steel products such as iron pellets, sponge iron, steel billets, TMT, structural products, wire rods, and ferro alloys. The company generates the majority of its revenue from India. The group revenue from the Sale of Manufactured Products, Sale of Services, Sale of Traded Goods, and Sale of Power, with the majority being generated from the sale of manufactured products.

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