Stovec Industries (BOM:504959) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Stovec Industries 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. Stovec Industries's cash to debt ratio for the quarter that ended in Dec. 2023 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, Stovec Industries could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(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 Stovec Industries's Cash-to-Debt or its related term are showing as below:

BOM:504959' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Stovec Industries's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

BOM:504959's Cash-to-Debt is ranked better than
99.83% of 3000 companies
in the Industrial Products industry
Industry Median: 1.18 vs BOM:504959: No Debt

Stovec Industries Cash-to-Debt Historical Data

The historical data trend for Stovec Industries'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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Stovec Industries Cash-to-Debt Chart

Stovec Industries Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Stovec Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	N/A	No Debt	N/A	No Debt

Competitive Comparison of Stovec Industries's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Stovec Industries'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.

Stovec Industries's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Stovec Industries 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.

Stovec Industries's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Stovec Industries had no debt ⁽¹⁾.

Stovec Industries's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Stovec Industries had no debt ⁽¹⁾.

Stovec Industries (BOM:504959) 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.

Stovec Industries Cash-to-Debt Related Terms

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Stovec Industries (BOM:504959) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Stovec Industries Ltd (BOM:504959) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

N.I.D.C., Near Lambha Village, Post Narol, Ahmedabad, GJ, IND, 382 405

Website

https://www.spgprints.com

Stovec Industries Ltd is engaged in the production of Rotary Screens and Printing Machines and manufacturer of precision metal components. The firm operates in three verticals namely Textile Consumables and Textile Machinery, Graphics Product, and Galvanic. The textile consumables segment comprises perforated rotary screens, lacquer and auxiliary chemicals, rotary screen-printing machines, engraving equipment, components and spares, and digital ink. Graphics Products include anilox rollers, rotamesh screens, and rotaplate. The Galvanic segment consists of Galvano consumables. The Textile consumables segment is the most prominent segment for the firm contributing the majority of the total revenue primarily from India.

Stovec Industries (BOM:504959) Headlines

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Stovec Industries (BOM:504959) Cash-to-Debt : No Debt (1) (As of Dec. 2023)