Anand Rathi Wealth (BOM:543415) Cash-to-Debt : 10.50 (As of Mar. 2024)

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What is Anand Rathi Wealth 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. Anand Rathi Wealth's cash to debt ratio for the quarter that ended in Mar. 2024 was 10.50.

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, Anand Rathi Wealth 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 Anand Rathi Wealth's Cash-to-Debt or its related term are showing as below:

BOM:543415' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.8 Med: 3.48 Max: 10.5
Current: 10.5

During the past 6 years, Anand Rathi Wealth's highest Cash to Debt Ratio was 10.50. The lowest was 0.80. And the median was 3.48.

BOM:543415's Cash-to-Debt is ranked better than
53.38% of 1448 companies
in the Asset Management industry
Industry Median: 5.72 vs BOM:543415: 10.50

Anand Rathi Wealth Cash-to-Debt Historical Data

The historical data trend for Anand Rathi Wealth'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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Anand Rathi Wealth Cash-to-Debt Chart

Anand Rathi Wealth Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.80

1.68

4.07

8.05

10.50

Anand Rathi Wealth Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial											8.05	N/A	9.77	N/A	10.50

Competitive Comparison of Anand Rathi Wealth's Cash-to-Debt

For the Asset Management subindustry, Anand Rathi Wealth'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.

Anand Rathi Wealth's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Anand Rathi Wealth's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Anand Rathi Wealth's Cash-to-Debt falls into.

Anand Rathi Wealth 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.

Anand Rathi Wealth'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)
	=	5423.505	/	(168.543	+	348.136)
	=	10.50

Anand Rathi Wealth'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)
	=	5423.505	/	(168.543	+	348.136)
	=	10.50

Anand Rathi Wealth (BOM:543415) 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.

Anand Rathi Wealth Cash-to-Debt Related Terms

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Anand Rathi Wealth (BOM:543415) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Anand Rathi Wealth Ltd (BOM:543415) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ANANDRATHI:India

Address

Senapati Bapat Marg, Trade Link, 2nd and 3rd Floor, E Wing, B and C Block, Kamla Mill Compound, Lower Parel, Mumbai, MH, IND, 400 013

Website

https://www.rathi.com

Anand Rathi Wealth Ltd is a non-bank wealth solutions firm. The company offers a wide product portfolio of wealth solutions, financial product distribution, and technology solutions to its clients.

Anand Rathi Wealth (BOM:543415) Headlines

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