Indostar Capital Finance (NSE:INDOSTAR) Cash-to-Debt : 0.13 (As of Mar. 2024)

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What is Indostar Capital Finance 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. Indostar Capital Finance's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.13.

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, Indostar Capital Finance 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 Indostar Capital Finance's Cash-to-Debt or its related term are showing as below:

NSE:INDOSTAR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.12 Max: 0.29
Current: 0.13

During the past 11 years, Indostar Capital Finance's highest Cash to Debt Ratio was 0.29. The lowest was 0.02. And the median was 0.12.

NSE:INDOSTAR's Cash-to-Debt is ranked worse than
59.52% of 504 companies
in the Credit Services industry
Industry Median: 0.225 vs NSE:INDOSTAR: 0.13

Indostar Capital Finance Cash-to-Debt Historical Data

The historical data trend for Indostar Capital Finance'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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Indostar Capital Finance Cash-to-Debt Chart

Indostar Capital Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.12

0.29

0.07

0.19

0.13

Indostar Capital Finance 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															0.19	N/A	0.07	N/A	0.13

Competitive Comparison of Indostar Capital Finance's Cash-to-Debt

For the Credit Services subindustry, Indostar Capital Finance'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.

Indostar Capital Finance's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Indostar Capital Finance's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Indostar Capital Finance's Cash-to-Debt falls into.

Indostar Capital Finance 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.

Indostar Capital Finance'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)
	=	9631	/	(0	+	75716.5)
	=	0.13

Indostar Capital Finance'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)
	=	9631	/	(0	+	75716.5)
	=	0.13

Indostar Capital Finance (NSE:INDOSTAR) 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.

Indostar Capital Finance Cash-to-Debt Related Terms

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

Indostar Capital Finance (NSE:INDOSTAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Indostar Capital Finance Ltd (NSE:INDOSTAR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

541336:India

Address

Andheri- Ghatkopar Link Road, Unit No. 505, 5th Floor, Wing 2/E, Corporate Avenue, Chakala, Andheri (East), Mumbai, MH, IND, 400099

Website

https://www.indostarcapital.com

Indostar Capital Finance Ltd is a non-banking finance company. It is primarily engaged in providing bespoke Indian rupee denominated structured term financing solutions to corporate and loans to small and medium enterprise borrowers in India. The company operates four principal lines of business namely: Corporate lending, Small and Medium enterprise lending, Commercial vehicle lending, and Housing finance. It generally derives revenue in the form of fees and commission income, interest income on the loan portfolio, deposits with banks, investments in PTCs, and debt instruments. Geographically, the group generates key revenue from India.

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