Vedant Asset (BOM:543623) Cash-to-Debt : 177.25 (As of Sep. 2023)

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What is Vedant Asset 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. Vedant Asset's cash to debt ratio for the quarter that ended in Sep. 2023 was 177.25.

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, Vedant Asset could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

BOM:543623' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.86 Med: 19.57 Max: 177.25
Current: 177.25

During the past 4 years, Vedant Asset's highest Cash to Debt Ratio was 177.25. The lowest was 0.86. And the median was 19.57.

BOM:543623's Cash-to-Debt is ranked better than
61.63% of 1470 companies
in the Asset Management industry
Industry Median: 6 vs BOM:543623: 177.25

Vedant Asset Cash-to-Debt Historical Data

The historical data trend for Vedant Asset'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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Vedant Asset Cash-to-Debt Chart

Vedant Asset Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

0.86

10.38

34.89

19.57

Vedant Asset Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial			10.38	34.89	N/A	19.57	177.25

Competitive Comparison of Vedant Asset's Cash-to-Debt

For the Asset Management subindustry, Vedant Asset'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.

Vedant Asset's Cash-to-Debt Distribution in the Asset Management Industry

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

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

Vedant Asset 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.

Vedant Asset'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)
	=	3.913	/	(0	+	0.2)
	=	19.57

Vedant Asset'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)
	=	35.449	/	(0	+	0.2)
	=	177.25

Vedant Asset (BOM:543623) 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.

Vedant Asset Cash-to-Debt Related Terms

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

Vedant Asset (BOM:543623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Vedant Asset Ltd (BOM:543623) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 rd Floor, Gayways House, Pee Pee Compound, Ranchi, JH, IND, 834001

Website

https://www.vedantasset.com

Vedant Asset Ltd is engaged in a Financial Investment Super Market for private and rural investors. The core business is to earn revenue from brokerage and commission by managing funds of investors with various mutual fund houses and providing Banking Correspondence Services in association with various banks.

Vedant Asset (BOM:543623) Headlines

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