Grovy India (BOM:539522) Cash-to-Debt : 0.04 (As of Mar. 2024)

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What is Grovy India 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. Grovy India's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.04.

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

BOM:539522' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 0.15
Current: 0.04

During the past 11 years, Grovy India's highest Cash to Debt Ratio was 0.15. The lowest was 0.02. And the median was 0.04.

BOM:539522's Cash-to-Debt is ranked worse than
94.49% of 526 companies
in the Conglomerates industry
Industry Median: 0.48 vs BOM:539522: 0.04

Grovy India Cash-to-Debt Historical Data

The historical data trend for Grovy India'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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Grovy India Cash-to-Debt Chart

Grovy India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

0.02

0.08

0.03

0.04

Grovy India 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															0.03	N/A	0.05	N/A	0.04

Competitive Comparison of Grovy India's Cash-to-Debt

For the Conglomerates subindustry, Grovy India'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.

Grovy India's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Grovy India's Cash-to-Debt distribution charts can be found below:

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

Grovy India 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.

Grovy India'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)
	=	4.893	/	(99.649	+	13.928)
	=	0.04

Grovy India'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)
	=	4.893	/	(99.649	+	13.928)
	=	0.04

Grovy India (BOM:539522) 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.

Grovy India Cash-to-Debt Related Terms

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

Grovy India (BOM:539522) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Grovy India Ltd (BOM:539522) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Lajpat Nagar Part II, 122, 1st Floor, Vinobapuri, New Delhi, IND, 110024

Website

https://www.grovyindia.com

Grovy India Ltd is engaged in the real estate and financial market business in India. It operates through the segments which include Construction Business (Property); Shares Trading (Equity Market) Business Auxilliary segment and Others. Share trading, which is the key revenue driver, includes trading of shares, commodities, currencies, mutual funds, and other financial instruments. The construction business is engaged in developing commercial, retail, and residential buildings. Its projects include Serviced Apartments-Rishikesh, Grovy Optiva-Noida, and Y-44 Hauz Khas, among others.

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