Evergent Investments (BSE:EVER) Cash-to-Debt : 3.33 (As of Dec. 2023)

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What is Evergent Investments 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. Evergent Investments's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.33.

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, Evergent Investments could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

BSE:EVER' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.33 Med: 45.31 Max: 172.38
Current: 3.33

During the past 13 years, Evergent Investments's highest Cash to Debt Ratio was 172.38. The lowest was 3.33. And the median was 45.31.

BSE:EVER's Cash-to-Debt is ranked worse than
53.38% of 1448 companies
in the Asset Management industry
Industry Median: 5.72 vs BSE:EVER: 3.33

Evergent Investments Cash-to-Debt Historical Data

The historical data trend for Evergent Investments'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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Evergent Investments Cash-to-Debt Chart

Evergent Investments Annual Data

Trend

Dec12

Dec13

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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62.32

134.56

11.83

6.62

3.33

Evergent Investments Semi-Annual Data
	Dec10	Dec11	Dec12	Dec13	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial														11.83	6.79	6.62	0.64	3.33

Competitive Comparison of Evergent Investments's Cash-to-Debt

For the Asset Management subindustry, Evergent Investments'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.

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

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

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

Evergent Investments 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.

Evergent Investments's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	327.43	/	(13.116	+	85.15)
	=	3.33

Evergent Investments's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	327.43	/	(13.116	+	85.15)
	=	3.33

Evergent Investments (BSE:EVER) 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.

Evergent Investments Cash-to-Debt Related Terms

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

Evergent Investments (BSE:EVER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Evergent Investments SA (BSE:EVER) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pictor Aman Street 94 C, Bacau, ROU, 600164

Website

https://www.evergent.ro

Evergent Investments SA is a Romanian financial investment company. The group has five reporting segments which include financial investment services, manufacture and sale of agricultural machinery, real estate development (apartments, including parking spaces), cultivation of fruit-bearing trees (blueberries), and Others.