Piramal Enterprises (BOM:500302) Cash-to-Debt : 0.08 (As of Mar. 2024)

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What is Piramal Enterprises 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. Piramal Enterprises's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.08.

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, Piramal Enterprises couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

BOM:500302' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.14 Max: 0.26
Current: 0.08

During the past 13 years, Piramal Enterprises's highest Cash to Debt Ratio was 0.26. The lowest was 0.06. And the median was 0.14.

BOM:500302's Cash-to-Debt is ranked worse than
79.96% of 544 companies
in the Diversified Financial Services industry
Industry Median: 3.355 vs BOM:500302: 0.08

Piramal Enterprises Cash-to-Debt Historical Data

The historical data trend for Piramal Enterprises'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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Piramal Enterprises Cash-to-Debt Chart

Piramal Enterprises Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

0.20

0.26

0.11

0.09

0.08

Piramal Enterprises 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															0.09	N/A	0.08	N/A	0.08

Competitive Comparison of Piramal Enterprises's Cash-to-Debt

For the Financial Conglomerates subindustry, Piramal Enterprises'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.

Piramal Enterprises's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Piramal Enterprises's Cash-to-Debt distribution charts can be found below:

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

Piramal Enterprises 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.

Piramal Enterprises'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)
	=	44468	/	(0	+	535859.3)
	=	0.08

Piramal Enterprises'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)
	=	44468	/	(0	+	535859.3)
	=	0.08

Piramal Enterprises (BOM:500302) 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.

Piramal Enterprises Cash-to-Debt Related Terms

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Piramal Enterprises (BOM:500302) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Piramal Enterprises Ltd (BOM:500302) » Definitions » Cash-to-Debt

Traded in Other Exchanges

PEL:India

Address

LBS Marg, Kamani Junction, Opposite Fire Brigade, Agastya Corporate Park, Piramal Ananta, Kurla (West), Mumbai, MH, IND, 400 070

Website

https://www.piramal.com

Piramal Enterprises Ltd is a global business conglomerate with an interest in financial services and real estate. The company offers a wide range of financial products and solutions, with exposure across both Retail and Wholesale lending.

Piramal Enterprises (BOM:500302) Headlines

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