Torrent Power (BOM:532779) Cash-to-Debt : N/A (As of Dec. 2023)

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What is Torrent Power 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. Torrent Power's cash to debt ratio for the quarter that ended in Dec. 2023 was N/A.

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

BOM:532779' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.23 Max: 0.48
Current: 0.48

During the past 13 years, Torrent Power's highest Cash to Debt Ratio was 0.48. The lowest was 0.07. And the median was 0.23.

BOM:532779's Cash-to-Debt is ranked better than
67.83% of 429 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.23 vs BOM:532779: 0.48

Torrent Power Cash-to-Debt Historical Data

The historical data trend for Torrent Power'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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Torrent Power Cash-to-Debt Chart

Torrent Power Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.09

0.07

0.08

0.10

Torrent Power 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															N/A	0.10	N/A	0.48	N/A

Competitive Comparison of Torrent Power's Cash-to-Debt

For the Utilities - Independent Power Producers subindustry, Torrent Power'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.

Torrent Power's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Torrent Power's Cash-to-Debt distribution charts can be found below:

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

Torrent Power 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.

Torrent Power's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 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)
	=	10885.7	/	(15997.7	+	89416.4)
	=	0.10

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

Do not have enough data to calculate Cash to Debt ratio.

Torrent Power (BOM:532779) 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.

Torrent Power Cash-to-Debt Related Terms

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Torrent Power (BOM:532779) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Torrent Power Ltd (BOM:532779) » Definitions » Cash-to-Debt

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TORNTPOWER:India

Address

Samanvay, 600, Tapovan, Ambawadi, Ahmedabad, GJ, IND, 380015

Website

https://www.torrentpower.com

Torrent Power Ltd is an Indian utility company engaged in the business of power generation, transmission, and distribution. Both by itself and through its subsidiaries, Torrent Power operates a portfolio of gas, combined cycle, coal, wind, and solar power plants. The company's gas-fired facilities constitute most of its energy-producing capacity. Torrent Power generates the vast majority of its revenue from the supply of power generated by its facilities and transmitted through its power grids to areas of Western and Northern India. Its sales are fairly evenly divided among residential, commercial, low tension and high tension consumers. The low tension customer class would include smaller manufacturing units, while high tension would be composed of heavier industrial entities.

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