Lanka Ashok Leyland (COL:ASHO.N0000) Cash-to-Debt : 16.82 (As of Mar. 2024)

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What is Lanka Ashok Leyland 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. Lanka Ashok Leyland's cash to debt ratio for the quarter that ended in Mar. 2024 was 16.82.

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, Lanka Ashok Leyland 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 Lanka Ashok Leyland's Cash-to-Debt or its related term are showing as below:

COL:ASHO.N0000' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 16.82
Current: 16.82

During the past 13 years, Lanka Ashok Leyland's highest Cash to Debt Ratio was 16.82. The lowest was 0.00. And the median was 0.03.

COL:ASHO.N0000's Cash-to-Debt is ranked better than
89.03% of 1240 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs COL:ASHO.N0000: 16.82

Lanka Ashok Leyland Cash-to-Debt Historical Data

The historical data trend for Lanka Ashok Leyland'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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Lanka Ashok Leyland Cash-to-Debt Chart

Lanka Ashok Leyland Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.02

4.00

0.24

16.82

Lanka Ashok Leyland Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.24	0.72	6.68	12.48	16.82

Competitive Comparison of Lanka Ashok Leyland's Cash-to-Debt

For the Auto Manufacturers subindustry, Lanka Ashok Leyland'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.

Lanka Ashok Leyland's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Lanka Ashok Leyland's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Lanka Ashok Leyland's Cash-to-Debt falls into.

Lanka Ashok Leyland 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.

Lanka Ashok Leyland'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)
	=	1441.114	/	(74.563	+	11.113)
	=	16.82

Lanka Ashok Leyland'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)
	=	1441.114	/	(74.563	+	11.113)
	=	16.82

Lanka Ashok Leyland (COL:ASHO.N0000) 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.

Lanka Ashok Leyland Cash-to-Debt Related Terms

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

Lanka Ashok Leyland (COL:ASHO.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lanka Ashok Leyland PLC (COL:ASHO.N0000) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Panagoda, Homagama, Colombo, LKA

Website

https://www.lal.lk

Lanka Ashok Leyland PLC is engaged in importing and marketing of Ashok Leyland buses, trucks, truck chassis, spare parts, power generators, and accessories. The company also carries out repairs and restoration of commercial vehicles including body fabrication on goods and passenger chassis. The firm builds the truck body for specific requirements and the building of driver's cabins. Besides, the firm assembles and manufactures Ashok Leyland vehicles with technical assistance from Ashok Leyland. The company solely operates in Sri Lanka.

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