Axtel Industries (BOM:523850) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Axtel 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. Axtel Industries'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, Axtel Industries 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 Axtel Industries's Cash-to-Debt or its related term are showing as below:

BOM:523850' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 4.2 Max: No Debt
Current: No Debt

During the past 13 years, Axtel Industries's highest Cash to Debt Ratio was No Debt. The lowest was 0.15. And the median was 4.20.

BOM:523850's Cash-to-Debt is ranked better than
99.86% of 2900 companies
in the Industrial Products industry
Industry Median: 1.23 vs BOM:523850: No Debt

Axtel Industries Cash-to-Debt Historical Data

The historical data trend for Axtel 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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Axtel Industries Cash-to-Debt Chart

Axtel Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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3.65

67.19

59.12

No Debt

Axtel Industries 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 Axtel Industries's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Axtel 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.

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

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

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

Axtel 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.

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

Axtel Industries had no debt ⁽¹⁾.

Axtel Industries's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Axtel Industries had no debt ⁽¹⁾.

Axtel Industries (BOM:523850) 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.

Axtel Industries Cash-to-Debt Related Terms

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

Axtel Industries (BOM:523850) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Axtel Industries Ltd (BOM:523850) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Vadodara-Halol Highway, P.O. Baska, Plot No. 43/1, Village Nurpura, District Panchmahals, Halol, GJ, IND, 389350

Website

https://www.axtelindia.com

Axtel Industries Ltd is engaged in engineering process equipment for the food industry. The company is involved in turnkey systems, product development, and customer service. The business of the company operates in one segment that is Manufacturing Food Processing Instruments. The company derives revenue from the sale of machinery i.e. manufactured goods and related services. The product line of the company consists of solids handling, storage and discharge, sieving and straining, cleaning and grading, size reduction, mixing and blending, and specialized process equipment.

Axtel Industries (BOM:523850) Headlines

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Axtel Industries (BOM:523850) Cash-to-Debt : No Debt (1) (As of Mar. 2024)