Techknowgreen Solutions (BOM:543991) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Techknowgreen Solutions 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. Techknowgreen Solutions's cash to debt ratio for the quarter that ended in Sep. 2023 was No Debt ⁽¹⁾.

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, Techknowgreen Solutions could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(1) 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.

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

BOM:543991' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.26 Max: No Debt
Current: 4.25

During the past 3 years, Techknowgreen Solutions's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 0.26.

BOM:543991's Cash-to-Debt is ranked better than
70.61% of 1048 companies
in the Business Services industry
Industry Median: 0.99 vs BOM:543991: 4.25

Techknowgreen Solutions Cash-to-Debt Historical Data

The historical data trend for Techknowgreen Solutions'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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Techknowgreen Solutions Cash-to-Debt Chart

Techknowgreen Solutions Annual Data

Trend

Mar21

Mar22

Mar23

Cash-to-Debt

0.31

0.03

0.21

Techknowgreen Solutions Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23
Cash-to-Debt	0.31	0.03	0.21	No Debt

Competitive Comparison of Techknowgreen Solutions's Cash-to-Debt

For the Consulting Services subindustry, Techknowgreen Solutions'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.

Techknowgreen Solutions's Cash-to-Debt Distribution in the Business Services Industry

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

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

Techknowgreen Solutions 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.

Techknowgreen Solutions'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)
	=	5.893	/	(26.907	+	1.833)
	=	0.21

Techknowgreen Solutions's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Techknowgreen Solutions had no debt ⁽¹⁾.

Techknowgreen Solutions (BOM:543991) 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.

Techknowgreen Solutions Cash-to-Debt Related Terms

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

Techknowgreen Solutions (BOM:543991) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Techknowgreen Solutions Ltd (BOM:543991) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Flat-202, Hem Opal Apartment, Plot No. 26, Ekta Park Society, Wakdewadi, Pune, MH, IND, 411003

Website

http://www.techknowgreen.com

Techknowgreen Solutions Ltd is an environmental consulting company. It is engaged in the business of 'providing consulting services in almost every realm of environment & infrastructure planning, solutions to every problem of environment & climate change, which are both environmentally as well as economically feasible. It is one of the first companies in India to provide environmental IT solutions through cutting-edge software applications and compliance solutions. The company has diverse experience in handling complex projects across various industries like infrastructure, chemical, automobile, healthcare, manufacturing, real estate and national/state governments. Its client base includes government, semi-government organizations, MNCs, large companies, mid-size companies and MSMEs.

Techknowgreen Solutions (BOM:543991) Headlines

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Techknowgreen Solutions (BOM:543991) Cash-to-Debt : No Debt (1) (As of Sep. 2023)