Tata Steel (CHIX:TTSTL) Cash-to-Debt : 0.12 (As of Sep. 2024)

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What is Tata Steel 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. Tata Steel's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.12.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Tata Steel couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

CHIX:TTSTl' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.13 Max: 0.35
Current: 0.12

During the past 13 years, Tata Steel's highest Cash to Debt Ratio was 0.35. The lowest was 0.04. And the median was 0.13.

CHIX:TTSTl's Cash-to-Debt is ranked worse than
76% of 625 companies
in the Steel industry
Industry Median: 0.38 vs CHIX:TTSTl: 0.12

Tata Steel Cash-to-Debt Historical Data

The historical data trend for Tata Steel'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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Tata Steel Cash-to-Debt Chart

Tata Steel Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.10

0.16

0.35

0.20

0.10

Tata Steel Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.15	N/A	0.10	N/A	0.12

Competitive Comparison of Tata Steel's Cash-to-Debt

For the Steel subindustry, Tata Steel'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.

Tata Steel's Cash-to-Debt Distribution in the Steel Industry

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

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

Tata Steel 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.

Tata Steel'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)
	=	1066.594	/	(3729.965	+	6759.152)
	=	0.10

Tata Steel's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	1362.369	/	(3346.931	+	8514.935)
	=	0.11

Tata Steel (CHIX:TTSTl) 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.

Tata Steel Cash-to-Debt Related Terms

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Tata Steel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tata Steel Ltd (CHIX:TTSTl) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TATASTEEL:India 500470:India TTST:UK HWHG:Germany

Address

24 Homi Mody Street, Bombay House, Fort, Mumbai, MH, IND, 400 001

Website

https://www.tatasteel.com

Tata Steel Ltd is an India-based company that is engaged in the production and marketing of various steel products. Its products are basically classified into flat products and construction products. Flat products include hot-rolled steel, cold-rolled steel, metallic-coated steel, direct-coated steel, tubes, packaging steel, electro-plated steel, and narrow strips. Its segments include Tata Steel India, Neelachal Ispat Nigam Limited, Other Indian operations, Tata Steel Europe, Other trade related operations, South-East Asian operations, and Rest of the world. It generates the majority of its revenue from the Tata Steel India segment.

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