Swastika Investsmart (BOM:530585) Cash-to-Debt : 16.65 (As of Mar. 2024)

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What is Swastika Investsmart 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. Swastika Investsmart's cash to debt ratio for the quarter that ended in Mar. 2024 was 16.65.

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, Swastika Investsmart 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 Swastika Investsmart's Cash-to-Debt or its related term are showing as below:

BOM:530585' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.96 Med: 2.53 Max: 16.65
Current: 16.65

During the past 13 years, Swastika Investsmart's highest Cash to Debt Ratio was 16.65. The lowest was 0.96. And the median was 2.53.

BOM:530585's Cash-to-Debt is ranked better than
70.36% of 776 companies
in the Capital Markets industry
Industry Median: 2.015 vs BOM:530585: 16.65

Swastika Investsmart Cash-to-Debt Historical Data

The historical data trend for Swastika Investsmart'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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Swastika Investsmart Cash-to-Debt Chart

Swastika Investsmart Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

2.37

4.22

11.79

3.70

16.65

Swastika Investsmart 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															3.70	N/A	8.48	N/A	16.65

Competitive Comparison of Swastika Investsmart's Cash-to-Debt

For the Capital Markets subindustry, Swastika Investsmart'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.

Swastika Investsmart's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Swastika Investsmart's Cash-to-Debt distribution charts can be found below:

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

Swastika Investsmart 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.

Swastika Investsmart'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)
	=	2310.684	/	(0	+	138.8)
	=	16.65

Swastika Investsmart'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)
	=	2310.684	/	(0	+	138.8)
	=	16.65

Swastika Investsmart (BOM:530585) 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.

Swastika Investsmart Cash-to-Debt Related Terms

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Swastika Investsmart (BOM:530585) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Swastika Investsmart Ltd (BOM:530585) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

48, M.Y.H. Road, Jaora Compound, Indore, MP, IND, 452001

Website

https://www.swastika.co.in

Swastika Investsmart Ltd is a fintech company. The company offers services like Stock broking, Algo trading, in-house Research Facility, Mutual Funds, Investment Banking, insurance broking and Loan facilities to clients. Its operating segment includes Broking and Related Activities and Financing Activities. The company generates maximum revenue from the Broking and Related Activities segment.

Swastika Investsmart (BOM:530585) Headlines

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