Gandhi Special Tubes (BOM:513108) Cash-to-Debt : 24.72 (As of Mar. 2024)

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What is Gandhi Special Tubes 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. Gandhi Special Tubes's cash to debt ratio for the quarter that ended in Mar. 2024 was 24.72.

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, Gandhi Special Tubes 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 Gandhi Special Tubes's Cash-to-Debt or its related term are showing as below:

BOM:513108' s Cash-to-Debt Range Over the Past 10 Years
Min: 24.72 Med: 5105.8 Max: No Debt
Current: 24.72

During the past 13 years, Gandhi Special Tubes's highest Cash to Debt Ratio was No Debt. The lowest was 24.72. And the median was 5105.80.

BOM:513108's Cash-to-Debt is ranked better than
84.01% of 2996 companies
in the Industrial Products industry
Industry Median: 1.235 vs BOM:513108: 24.72

Gandhi Special Tubes Cash-to-Debt Historical Data

The historical data trend for Gandhi Special Tubes'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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Gandhi Special Tubes Cash-to-Debt Chart

Gandhi Special Tubes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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102.08

211.60

87.87

79.28

24.72

Gandhi Special Tubes 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															79.28	N/A	193.79	N/A	24.72

Competitive Comparison of Gandhi Special Tubes's Cash-to-Debt

For the Metal Fabrication subindustry, Gandhi Special Tubes'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.

Gandhi Special Tubes's Cash-to-Debt Distribution in the Industrial Products Industry

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

* The bar in red indicates where Gandhi Special Tubes's Cash-to-Debt falls into.

Gandhi Special Tubes 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.

Gandhi Special Tubes'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)
	=	69.807	/	(0.359	+	2.465)
	=	24.72

Gandhi Special Tubes'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)
	=	69.807	/	(0.359	+	2.465)
	=	24.72

Gandhi Special Tubes (BOM:513108) 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.

Gandhi Special Tubes Cash-to-Debt Related Terms

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Gandhi Special Tubes (BOM:513108) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gandhi Special Tubes Ltd (BOM:513108) » Definitions » Cash-to-Debt

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GANDHITUBE:India

Address

55 Hughes Road, Next to Dharam Palace, 201-204, Plaza, 2nd Floor, Mumbai, MH, IND, 400007

Website

https://www.gandhispecialtubes.com

Gandhi Special Tubes Ltd manufactures and markets welded and seamless steel tubes of different sizes and specifications, and cold-formed coupling nuts. The company is involved in manufacturing automobile components, cold-formed tube nuts for fuel injection tube assemblies, hydraulic and other tube assemblies. Its products include Welded Tubes, Seamless Tubes, Wind Power, and Cold Formed Nuts. Products of the firm are supplied to the original equipment manufacturers of the automotive sector, farm equipment manufacturers, construction equipment manufacturers, refrigerator manufacturers, and other engineering industries. It also operates in the power sector through windmills installed in Maharashtra and Gujarat.

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