Shree Steelwire Ropes (BOM:513488) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Shree Steelwire Ropes 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. Shree Steelwire Ropes'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, Shree Steelwire Ropes 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 Shree Steelwire Ropes's Cash-to-Debt or its related term are showing as below:

BOM:513488' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.88 Med: 39.4 Max: No Debt
Current: No Debt

During the past 13 years, Shree Steelwire Ropes's highest Cash to Debt Ratio was No Debt. The lowest was 4.88. And the median was 39.40.

BOM:513488's Cash-to-Debt is ranked better than
99.84% of 612 companies
in the Steel industry
Industry Median: 0.44 vs BOM:513488: No Debt

Shree Steelwire Ropes Cash-to-Debt Historical Data

The historical data trend for Shree Steelwire Ropes'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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Shree Steelwire Ropes Cash-to-Debt Chart

Shree Steelwire Ropes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

42.97

21.39

70.77

No Debt

Shree Steelwire Ropes 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															No Debt	N/A	No Debt	N/A	No Debt

Competitive Comparison of Shree Steelwire Ropes's Cash-to-Debt

For the Steel subindustry, Shree Steelwire Ropes'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.

Shree Steelwire Ropes's Cash-to-Debt Distribution in the Steel Industry

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

* The bar in red indicates where Shree Steelwire Ropes's Cash-to-Debt falls into.

Shree Steelwire Ropes 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.

Shree Steelwire Ropes's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Shree Steelwire Ropes had no debt ⁽¹⁾.

Shree Steelwire Ropes's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Shree Steelwire Ropes had no debt ⁽¹⁾.

Shree Steelwire Ropes (BOM:513488) 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.

Shree Steelwire Ropes Cash-to-Debt Related Terms

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

Shree Steelwire Ropes (BOM:513488) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shree Steelwire Ropes Ltd (BOM:513488) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 10, 19th Road, 503, 504, 505, 5th Floor, Shiv Ashish Commercial Complex, Chembur, Mumbai, MH, IND, 400 071

Website

https://www.sswrl.com

Shree Steelwire Ropes Ltd is an Indian company is engaged in the manufacturing and supply of steel Wire Rope, Wire Rope Allied Products, and Railway OHE products. It is used in general Engineering, Shipping, Fishing, Mining, Oil Well Exploration, Constructions, Aerial Application, Deep Sea Exploration, and other industries. It operates in one single primary business segment which is Steel Wire Ropes Manufacturing.

Shree Steelwire Ropes (BOM:513488) Headlines

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Shree Steelwire Ropes (BOM:513488) Cash-to-Debt : No Debt (1) (As of Mar. 2024)