Aartech Solonics (BOM:542580) Cash-to-Debt : 2.98 (As of Sep. 2023)

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What is Aartech Solonics 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. Aartech Solonics's cash to debt ratio for the quarter that ended in Sep. 2023 was 2.98.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Aartech Solonics could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

BOM:542580' s Cash-to-Debt Range Over the Past 10 Years
Min: -889.47 Med: 6.14 Max: No Debt
Current: 2.98

During the past 9 years, Aartech Solonics's highest Cash to Debt Ratio was No Debt. The lowest was -889.47. And the median was 6.14.

BOM:542580's Cash-to-Debt is ranked better than
64.87% of 2926 companies
in the Industrial Products industry
Industry Median: 1.23 vs BOM:542580: 2.98

Aartech Solonics Cash-to-Debt Historical Data

The historical data trend for Aartech Solonics'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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Aartech Solonics Cash-to-Debt Chart

Aartech Solonics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

-889.47

N/A

6.17

13.00

2.34

Aartech Solonics Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial										3.47	13.00	4.63	2.34	2.98

Competitive Comparison of Aartech Solonics's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Aartech Solonics'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.

Aartech Solonics's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Aartech Solonics 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.

Aartech Solonics'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)
	=	62.206	/	(26.589	+	0)
	=	2.34

Aartech Solonics'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)
	=	98.434	/	(32.001	+	1.063)
	=	2.98

Aartech Solonics (BOM:542580) 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.

Aartech Solonics Cash-to-Debt Related Terms

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

Aartech Solonics (BOM:542580) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Aartech Solonics Ltd (BOM:542580) » Definitions » Cash-to-Debt

Traded in Other Exchanges

AARTECH:India

Address

E-2/57, Ashirvad, Arera Colony, Bhopal, MP, IND, 462016

Website

https://www.aartechsolonics.com

Aartech Solonics Ltd is a system solution-oriented research and development enterprise in the field of specialized and selected energy appliances. The company is involved in the manufacturing of electricity distribution and control apparatus such as switches, fuses, voltage limiters, surge suppressors, junction boxes and others for a voltage exceeding 1000 volts; similar apparatus including relays, sockets and others for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors. It serves Renewable Energy; Power; Heavy Engineering; Defense and Exploration; Helth Care; Information Technology and Telecom; and other industries.

Aartech Solonics (BOM:542580) Headlines

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