Continental Securities (BOM:538868) Cash-to-Debt : 0.73 (As of Mar. 2024)

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What is Continental Securities 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. Continental Securities's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.73.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Continental Securities couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

BOM:538868' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.57 Med: 6.42 Max: No Debt
Current: 0.73

During the past 11 years, Continental Securities's highest Cash to Debt Ratio was No Debt. The lowest was 0.57. And the median was 6.42.

BOM:538868's Cash-to-Debt is ranked better than
64.6% of 500 companies
in the Credit Services industry
Industry Median: 0.225 vs BOM:538868: 0.73

Continental Securities Cash-to-Debt Historical Data

The historical data trend for Continental Securities'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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Continental Securities Cash-to-Debt Chart

Continental Securities Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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No Debt

0.57

0.69

0.73

Continental Securities 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															0.69	3.10	3.83	N/A	0.73

Competitive Comparison of Continental Securities's Cash-to-Debt

For the Credit Services subindustry, Continental Securities'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.

Continental Securities's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Continental Securities's Cash-to-Debt distribution charts can be found below:

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

Continental Securities 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.

Continental Securities'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)
	=	1.478	/	(1.573	+	0.456)
	=	0.73

Continental Securities'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)
	=	1.478	/	(1.573	+	0.456)
	=	0.73

Continental Securities (BOM:538868) 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.

Continental Securities Cash-to-Debt Related Terms

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

Continental Securities (BOM:538868) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Continental Securities Ltd (BOM:538868) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Parivahan Marg, Gopalbari, Flat No. 301, Metro Plaza, Jaipur, RJ, IND, 302001

Website

https://www.continentalsecuritiesltd.com

Continental Securities Ltd is a non-banking financial company. The company is engaged in the business of Gold loan, Personal loans, inter corporate loans, Loan against property Loans to SMEs and such fund based activities. The company is operating in one segment which is making loans to the small borrowers.

Continental Securities (BOM:538868) Headlines

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