RMC Switchgears (BOM:540358) Cash-to-Debt : 0.13 (As of Sep. 2023)

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What is RMC Switchgears 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. RMC Switchgears's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.13.

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, RMC Switchgears couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

BOM:540358' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.16
Current: 0.13

During the past 12 years, RMC Switchgears's highest Cash to Debt Ratio was 0.16. The lowest was 0.00. And the median was 0.02.

BOM:540358's Cash-to-Debt is ranked worse than
89.38% of 2909 companies
in the Industrial Products industry
Industry Median: 1.22 vs BOM:540358: 0.13

RMC Switchgears Cash-to-Debt Historical Data

The historical data trend for RMC Switchgears'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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RMC Switchgears Cash-to-Debt Chart

RMC Switchgears Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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RMC Switchgears Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															-	-	0.01	-	0.13

Competitive Comparison of RMC Switchgears's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, RMC Switchgears'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.

RMC Switchgears's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, RMC Switchgears's Cash-to-Debt distribution charts can be found below:

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

RMC Switchgears 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.

RMC Switchgears'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)
	=	1.542	/	(278.701	+	186.207)
	=	0.00

RMC Switchgears's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	56.173	/	(230.259	+	201.736)
	=	0.13

RMC Switchgears (BOM:540358) 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.

RMC Switchgears Cash-to-Debt Related Terms

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RMC Switchgears (BOM:540358) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » RMC Switchgears Ltd (BOM:540358) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

B-11 (B&C), Malviya Industrial Area, Jaipur, RJ, IND, 302017

Website

https://www.rmcindia.in

RMC Switchgears Ltd designs and manufactures electronic energy meters, enclosures of energy metering, distribution boxes and panels, sheet moulding compounds and bulk moulding compounds, solar power equipment and turnkey contracts. These are primarily in B2B and B2G space. The company is engaged in Switch Gear Engineering and Construction contracts for the power distribution/transmission sector.

RMC Switchgears (BOM:540358) Headlines

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