EKI Energy Services (BOM:543284) Cash-to-Debt : 16.94 (As of Mar. 2024)

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What is EKI Energy Services 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. EKI Energy Services's cash to debt ratio for the quarter that ended in Mar. 2024 was 16.94.

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, EKI Energy Services could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

BOM:543284' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.35 Med: 2.31 Max: 17.15
Current: 16.94

During the past 7 years, EKI Energy Services's highest Cash to Debt Ratio was 17.15. The lowest was 0.35. And the median was 2.31.

BOM:543284's Cash-to-Debt is ranked better than
82.06% of 1048 companies
in the Business Services industry
Industry Median: 0.99 vs BOM:543284: 16.94

EKI Energy Services Cash-to-Debt Historical Data

The historical data trend for EKI Energy Services'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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EKI Energy Services Cash-to-Debt Chart

EKI Energy Services Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

1.81

10.88

17.15

2.31

16.94

EKI Energy Services Quarterly Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial												2.31	N/A	6.62	N/A	16.94

Competitive Comparison of EKI Energy Services's Cash-to-Debt

For the Consulting Services subindustry, EKI Energy Services'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.

EKI Energy Services's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, EKI Energy Services's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where EKI Energy Services's Cash-to-Debt falls into.

EKI Energy Services 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.

EKI Energy Services'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)
	=	782.287	/	(10.795	+	35.373)
	=	16.94

EKI Energy Services'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)
	=	782.287	/	(10.795	+	35.373)
	=	16.94

EKI Energy Services (BOM:543284) 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.

EKI Energy Services Cash-to-Debt Related Terms

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EKI Energy Services (BOM:543284) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » EKI Energy Services Ltd (BOM:543284) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

903, B-1 9th Floor, NRK Business Park, Scheme 54 PU4, Indore, MP, IND, 452010

Website

https://www.enkingint.org

EKI Energy Services Ltd is engaged in the business of carbon credits trading, Business excellence advisory services and training services, and Electrical Safety Audits. The company offer services to various clients in the government and private sectors like power generation, waste management, clean development mechanism, airports and many more industries. The company has two reportable segments which are Trading & Other Segment: where the carbon credits are purchased from various vendors and are sold to customers as well as manufacturing and allied activities are undertaken and Generation Segment: where the carbon credits are issued from the projects implemented, developed and owned by the company.

EKI Energy Services (BOM:543284) Headlines

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