AAVAS Financiers (BOM:541988) Cash-to-Debt : 0.15 (As of Mar. 2024)

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What is AAVAS Financiers 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. AAVAS Financiers's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.15.

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

BOM:541988' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.16 Max: 0.24
Current: 0.15

During the past 11 years, AAVAS Financiers's highest Cash to Debt Ratio was 0.24. The lowest was 0.02. And the median was 0.16.

BOM:541988's Cash-to-Debt is ranked worse than
90.94% of 1424 companies
in the Banks industry
Industry Median: 1.29 vs BOM:541988: 0.15

AAVAS Financiers Cash-to-Debt Historical Data

The historical data trend for AAVAS Financiers'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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AAVAS Financiers Cash-to-Debt Chart

AAVAS Financiers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.24

0.19

0.16

0.14

0.15

AAVAS Financiers 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															0.14	N/A	0.21	N/A	0.15

Competitive Comparison of AAVAS Financiers's Cash-to-Debt

For the Mortgage Finance subindustry, AAVAS Financiers'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.

AAVAS Financiers's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, AAVAS Financiers's Cash-to-Debt distribution charts can be found below:

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

AAVAS Financiers 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.

AAVAS Financiers'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)
	=	17978.216	/	(0	+	123983.071)
	=	0.15

AAVAS Financiers'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)
	=	17978.216	/	(0	+	123983.071)
	=	0.15

AAVAS Financiers (BOM:541988) 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.

AAVAS Financiers Cash-to-Debt Related Terms

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

AAVAS Financiers (BOM:541988) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » AAVAS Financiers Ltd (BOM:541988) » Definitions » Cash-to-Debt

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AAVAS:India

Address

Mansarover Industrial Area, 201-202, 2nd Floor, Southend Square, Jaipur, RJ, IND, 302 020

Website

https://www.aavas.in

AAVAS Financiers Ltd is a housing finance company. The company provides housing loans to customers belonging to the low and middle-income and self-employed segments in suburban and rural India. Its only operating segment is Lending to borrowers. The company's product portfolio includes home loans, land purchases and construction, home improvement loans, home equity, micro, small, and medium enterprise loan, and others. It offers customers loans for the purchase or construction of residential properties and the extension and repair of existing housing units.

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