Lakshmi Machine Works (BOM:500252) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Lakshmi Machine Works 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. Lakshmi Machine Works's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

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, Lakshmi Machine Works could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

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

BOM:500252' s Cash-to-Debt Range Over the Past 10 Years
Min: 206.61 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Lakshmi Machine Works's highest Cash to Debt Ratio was No Debt. The lowest was 206.61. And the median was No Debt.

BOM:500252's Cash-to-Debt is ranked better than
99.83% of 3003 companies
in the Industrial Products industry
Industry Median: 1.22 vs BOM:500252: No Debt

Lakshmi Machine Works Cash-to-Debt Historical Data

The historical data trend for Lakshmi Machine Works'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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Lakshmi Machine Works Cash-to-Debt Chart

Lakshmi Machine Works Annual Data

Trend

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Mar24

Cash-to-Debt

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No Debt

Lakshmi Machine Works Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															N/A	No Debt	No Debt	N/A	No Debt

Competitive Comparison of Lakshmi Machine Works's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Lakshmi Machine Works'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.

Lakshmi Machine Works's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Lakshmi Machine Works's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Lakshmi Machine Works's Cash-to-Debt falls into.

Lakshmi Machine Works 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.

Lakshmi Machine Works's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Lakshmi Machine Works had no debt ⁽¹⁾.

Lakshmi Machine Works's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Lakshmi Machine Works had no debt ⁽¹⁾.

Lakshmi Machine Works (BOM:500252) 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.

Lakshmi Machine Works Cash-to-Debt Related Terms

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

Lakshmi Machine Works (BOM:500252) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Lakshmi Machine Works Ltd (BOM:500252) » Definitions » Cash-to-Debt

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LAXMIMACH:India

Address

34-A, Kamaraj Road, Coimbatore, TN, IND, 641018

Website

https://www.lmwglobal.com

Lakshmi Machine Works Ltd is a machinery maker. The company is organized into three primary segments: a textile machinery division, a machine tool/foundry division, and an advanced technology center for aerospace parts and components. The company's textile machinery products include card sliver systems, combing systems, ring spinning systems, and related components. The company's machine tool products include CNC lathes, machining centers, and other high-tech machine tools. The company's foundry division manufactures ductile and grey iron castings. In addition, the company manufactures structural parts, engine and landing gear parts, sheet metal fabrications, and so on. It generates almost all of its revenue from the Indian domestic market.

Lakshmi Machine Works (BOM:500252) Headlines

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Lakshmi Machine Works (BOM:500252) Cash-to-Debt : No Debt (1) (As of Mar. 2024)