Duncan Engineering (BOM:504908) Cash-to-Debt : 36.20 (As of Mar. 2024)

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What is Duncan Engineering 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. Duncan Engineering's cash to debt ratio for the quarter that ended in Mar. 2024 was 36.20.

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, Duncan Engineering could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

BOM:504908' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 1.61 Max: 36.2
Current: 36.2

During the past 13 years, Duncan Engineering's highest Cash to Debt Ratio was 36.20. The lowest was 0.01. And the median was 1.61.

BOM:504908's Cash-to-Debt is ranked better than
84.14% of 2900 companies
in the Industrial Products industry
Industry Median: 1.23 vs BOM:504908: 36.20

Duncan Engineering Cash-to-Debt Historical Data

The historical data trend for Duncan Engineering'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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Duncan Engineering Cash-to-Debt Chart

Duncan Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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2.92

25.83

12.96

19.21

36.20

Duncan Engineering 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	19.21	26.47	N/A	36.20

Competitive Comparison of Duncan Engineering's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Duncan Engineering'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.

Duncan Engineering's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Duncan Engineering 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.

Duncan Engineering'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)
	=	316.229	/	(6.214	+	2.522)
	=	36.20

Duncan Engineering'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)
	=	316.229	/	(6.214	+	2.522)
	=	36.20

Duncan Engineering (BOM:504908) 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.

Duncan Engineering Cash-to-Debt Related Terms

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Duncan Engineering (BOM:504908) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Duncan Engineering Ltd (BOM:504908) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

F-33, MIDC, Ranjangaon, Koregoan, Shirur, Pune, MH, IND, 412 220

Website

https://www.duncanengg.com

Duncan Engineering Ltd is engaged in the manufacturing and assembling of fluid power and automation products. Its business segment is Fluid power automation, Automotive Tyres Valves and Accessories. The products offered by the group are Hydraulic cylinders, Pneumatic valves. Air cylinders, Rotary Actuator, Limit switch box, Control panels and others. The company has a business presence in India and Outside India. The majority of the revenue is generated from India.

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