NMDC Steel (BOM:543768) Cash-to-Debt : 0.12 (As of Mar. 2024)

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What is NMDC Steel 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. NMDC Steel's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.12.

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

BOM:543768' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: No Debt Max: No Debt
Current: 0.12

During the past 7 years, NMDC Steel's highest Cash to Debt Ratio was No Debt. The lowest was 0.12. And the median was No Debt.

BOM:543768's Cash-to-Debt is ranked worse than
76.63% of 612 companies
in the Steel industry
Industry Median: 0.45 vs BOM:543768: 0.12

NMDC Steel Cash-to-Debt Historical Data

The historical data trend for NMDC Steel'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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NMDC Steel Cash-to-Debt Chart

NMDC Steel Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.17

0.12

NMDC Steel Semi-Annual Data
	Mar18	Mar19	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial				-	N/A	0.17	0.22	0.12

Competitive Comparison of NMDC Steel's Cash-to-Debt

For the Steel subindustry, NMDC Steel'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.

NMDC Steel's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, NMDC Steel's Cash-to-Debt distribution charts can be found below:

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

NMDC Steel 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.

NMDC Steel'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)
	=	8004.5	/	(23908.7	+	42710.4)
	=	0.12

NMDC Steel'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)
	=	8004.5	/	(23908.7	+	42710.4)
	=	0.12

NMDC Steel (BOM:543768) 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.

NMDC Steel Cash-to-Debt Related Terms

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

NMDC Steel (BOM:543768) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » NMDC Steel Ltd (BOM:543768) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

NSLNISP:India

Address

Khanij Bhavan, 10-3-311/A, Castle Hills, Masab Tank, Hyderabad, TG, IND, 500028

Website

https://nmdcsteel.nmdc.co.in

NMDC Steel Ltd owns and operates mechanized iron ore mines. The company is producing about 35 MTPA of iron ore from its major iron-producing units in Bailadila Sector in Chhattisgarh and Donimalai.

NMDC Steel (BOM:543768) Headlines

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