Machhar Industries (BOM:543934) Cash-to-Debt : 2.32 (As of Sep. 2023)

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What is Machhar Industries 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. Machhar Industries's cash to debt ratio for the quarter that ended in Sep. 2023 was 2.32.

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

BOM:543934' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.63 Med: 2.33 Max: 29.03
Current: 2.32

During the past 5 years, Machhar Industries's highest Cash to Debt Ratio was 29.03. The lowest was 1.63. And the median was 2.33.

BOM:543934's Cash-to-Debt is ranked better than
68.78% of 1512 companies
in the Chemicals industry
Industry Median: 0.74 vs BOM:543934: 2.32

Machhar Industries Cash-to-Debt Historical Data

The historical data trend for Machhar Industries'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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Machhar Industries Cash-to-Debt Chart

Machhar Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

1.99

1.63

2.72

29.03

2.34

Machhar Industries Semi-Annual Data
	Mar19	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial			2.72	29.03	N/A	2.34	2.32

Competitive Comparison of Machhar Industries's Cash-to-Debt

For the Specialty Chemicals subindustry, Machhar Industries'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.

Machhar Industries's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Machhar Industries's Cash-to-Debt distribution charts can be found below:

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

Machhar Industries 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.

Machhar Industries'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)
	=	41.264	/	(6.51	+	11.11)
	=	2.34

Machhar Industries'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)
	=	37.02	/	(6.678	+	9.266)
	=	2.32

Machhar Industries (BOM:543934) 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.

Machhar Industries Cash-to-Debt Related Terms

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Machhar Industries (BOM:543934) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Machhar Industries Ltd (BOM:543934) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalna Road, Mondha Naka, City Pride Building, 1st Floor, FF-107, Above Domino’s, Aurangabad, MH, IND, 431001

Website

https://www.machharind.com

Machhar Industries Ltd operates with three distinct divisions: the explosive division, the transportation division, and Adblue (DEF). The company generates maximum revenue from the Transportation division.

Machhar Industries (BOM:543934) Headlines

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