Titas Gas Transmission & Distribution Co (DHA:TITASGAS) Cash-to-Debt : 5.04 (As of Mar. 2024)

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What is Titas Gas Transmission & Distribution Co 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. Titas Gas Transmission & Distribution Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 5.04.

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, Titas Gas Transmission & Distribution Co 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 Titas Gas Transmission & Distribution Co's Cash-to-Debt or its related term are showing as below:

DHA:TITASGAS' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.04 Med: 6.28 Max: 25.27
Current: 5.04

During the past 13 years, Titas Gas Transmission & Distribution Co's highest Cash to Debt Ratio was 25.27. The lowest was 2.04. And the median was 6.28.

DHA:TITASGAS's Cash-to-Debt is ranked better than
85.19% of 493 companies
in the Utilities - Regulated industry
Industry Median: 0.25 vs DHA:TITASGAS: 5.04

Titas Gas Transmission & Distribution Co Cash-to-Debt Historical Data

The historical data trend for Titas Gas Transmission & Distribution Co'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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Titas Gas Transmission & Distribution Co Cash-to-Debt Chart

Titas Gas Transmission & Distribution Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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4.84

6.65

6.78

3.45

5.38

Titas Gas Transmission & Distribution Co 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															8.78	5.38	6.73	5.76	5.04

Competitive Comparison of Titas Gas Transmission & Distribution Co's Cash-to-Debt

For the Utilities - Regulated Gas subindustry, Titas Gas Transmission & Distribution Co'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.

Titas Gas Transmission & Distribution Co's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Titas Gas Transmission & Distribution Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Titas Gas Transmission & Distribution Co's Cash-to-Debt falls into.

Titas Gas Transmission & Distribution Co 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.

Titas Gas Transmission & Distribution Co's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	23119.127	/	(246.062	+	4049.287)
	=	5.38

Titas Gas Transmission & Distribution Co'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)
	=	23601.846	/	(9.55	+	4671.326)
	=	5.04

Titas Gas Transmission & Distribution Co (DHA:TITASGAS) 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.

Titas Gas Transmission & Distribution Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Titas Gas Transmission & Distribution Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Titas Gas Transmission & Distribution Co (DHA:TITASGAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Titas Gas Transmission & Distribution Co Ltd (DHA:TITASGAS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

105, Kazi Nazrul Islam Avenue, 2nd Floor, Titas Gas Bhaban, Kawran Bazar Commerial Area, Dhaka, BGD, 1215

Website

https://www.titasgas.org.bd

Titas Gas Transmission & Distribution Co Ltd is principally engaged in the business of natural gas distribution. It operates through the segments that are distributed the same to the consumers in power, fertilizer, industrial, captive power, and commercial. Geographically it operates through the region of Bangladesh. Majority of the firm's revenue is generated from Natural Gas Distribution.

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