Confidence Futuristic Energetech (BOM:539991) Cash-to-Debt : 0.32 (As of Mar. 2024)

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What is Confidence Futuristic Energetech 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. Confidence Futuristic Energetech's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.32.

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, Confidence Futuristic Energetech 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 Confidence Futuristic Energetech's Cash-to-Debt or its related term are showing as below:

BOM:539991' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.15 Max: 17.71
Current: 0.32

During the past 13 years, Confidence Futuristic Energetech's highest Cash to Debt Ratio was 17.71. The lowest was 0.00. And the median was 0.15.

BOM:539991's Cash-to-Debt is ranked better than
58.8% of 500 companies
in the Utilities - Regulated industry
Industry Median: 0.245 vs BOM:539991: 0.32

Confidence Futuristic Energetech Cash-to-Debt Historical Data

The historical data trend for Confidence Futuristic Energetech'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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Confidence Futuristic Energetech Cash-to-Debt Chart

Confidence Futuristic Energetech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.15

0.01

0.32

Confidence Futuristic Energetech 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															-	N/A	0.41	N/A	0.32

Competitive Comparison of Confidence Futuristic Energetech's Cash-to-Debt

For the Utilities - Regulated Gas subindustry, Confidence Futuristic Energetech'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.

Confidence Futuristic Energetech's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Confidence Futuristic Energetech's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Confidence Futuristic Energetech's Cash-to-Debt falls into.

Confidence Futuristic Energetech 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.

Confidence Futuristic Energetech'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)
	=	194.085	/	(206.744	+	398.252)
	=	0.32

Confidence Futuristic Energetech'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)
	=	194.085	/	(206.744	+	398.252)
	=	0.32

Confidence Futuristic Energetech (BOM:539991) 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.

Confidence Futuristic Energetech Cash-to-Debt Related Terms

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

Confidence Futuristic Energetech (BOM:539991) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Confidence Futuristic Energetech Ltd (BOM:539991) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

8, Wardha Road, 404, Satyam Apartment, Dhantoli, Nagpur, MH, IND, 440012

Website

https://cfel.co.in

Confidence Futuristic Energetech Ltd is engaged in offering Composite Liquefied petroleum gas Cylinders. The company has launched a blast proof, translucent, and light-weight composite cylinders under the brand name GoGas Elite. It is into selling LPG to both domestic and commercial users.

Confidence Futuristic Energetech (BOM:539991) Headlines

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