Akanksha Power and Infrastructure (NSE:AKANKSHA) Cash-to-Debt : 0.27 (As of Mar. 2023)

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What is Akanksha Power and Infrastructure 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. Akanksha Power and Infrastructure's cash to debt ratio for the quarter that ended in Mar. 2023 was 0.27.

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, Akanksha Power and Infrastructure couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

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

NSE:AKANKSHA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.14 Max: 0.27
Current: 0.27

During the past 4 years, Akanksha Power and Infrastructure's highest Cash to Debt Ratio was 0.27. The lowest was 0.07. And the median was 0.14.

NSE:AKANKSHA's Cash-to-Debt is ranked worse than
79.94% of 2976 companies
in the Industrial Products industry
Industry Median: 1.22 vs NSE:AKANKSHA: 0.27

Akanksha Power and Infrastructure Cash-to-Debt Historical Data

The historical data trend for Akanksha Power and Infrastructure'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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Akanksha Power and Infrastructure Cash-to-Debt Chart

Akanksha Power and Infrastructure Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

0.07

0.22

0.07

0.27

Akanksha Power and Infrastructure Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Cash-to-Debt	0.07	0.22	0.07	0.27

Competitive Comparison of Akanksha Power and Infrastructure's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Akanksha Power and Infrastructure'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.

Akanksha Power and Infrastructure's Cash-to-Debt Distribution in the Industrial Products Industry

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

* The bar in red indicates where Akanksha Power and Infrastructure's Cash-to-Debt falls into.

Akanksha Power and Infrastructure 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.

Akanksha Power and Infrastructure'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)
	=	41.705	/	(142.235	+	10.533)
	=	0.27

Akanksha Power and Infrastructure's Cash to Debt Ratio for the quarter 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)
	=	41.705	/	(142.235	+	10.533)
	=	0.27

Akanksha Power and Infrastructure (NSE:AKANKSHA) 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.

Akanksha Power and Infrastructure Cash-to-Debt Related Terms

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

Akanksha Power and Infrastructure (NSE:AKANKSHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Akanksha Power and Infrastructure Ltd (NSE:AKANKSHA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 87/4, MIDC, Satpur, Nashik, MH, IND, 422007

Website

https://www.apil.co.in

Akanksha Power and Infrastructure Ltd is engaged in the business of manufacturing of electric equipments, including electrical panels, instrument transformers, and vacuum contactors, catering to consumers from institutions, industries and electricity transmission and distribution utilities.. It design, Manufacturing and Supply of CT-PT, Metering Units and Cubical, Automatic power correction panel (Capacitor Panel), fixed capacitor banks, Motor Control Centre (MCC), Power Control Centre (PCC), Variable Frequency Drive (VFD) Panels, Thyristor switches and Vacuum contactors, Energy Management System and Smart Energy Meters (Advanced Metering Infrastructure) , in addition to engineering and execution of electrical turnkey projects.

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