Eicher Motors (NSE:EICHERMOT) Cash-to-Debt : 3.77 (As of Mar. 2024)

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What is Eicher Motors 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. Eicher Motors's cash to debt ratio for the quarter that ended in Mar. 2024 was 3.77.

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

NSE:EICHERMOT' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.77 Med: 18.38 Max: No Debt
Current: 3.77

During the past 13 years, Eicher Motors's highest Cash to Debt Ratio was No Debt. The lowest was 3.77. And the median was 18.38.

NSE:EICHERMOT's Cash-to-Debt is ranked better than
79.24% of 1291 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs NSE:EICHERMOT: 3.77

Eicher Motors Cash-to-Debt Historical Data

The historical data trend for Eicher Motors'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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Eicher Motors Cash-to-Debt Chart

Eicher Motors Annual Data

Trend

Dec14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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21.89

31.45

28.97

3.85

3.77

Eicher Motors Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															3.85	N/A	4.21	N/A	3.77

Competitive Comparison of Eicher Motors's Cash-to-Debt

For the Auto Manufacturers subindustry, Eicher Motors'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.

Eicher Motors's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Eicher Motors's Cash-to-Debt distribution charts can be found below:

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

Eicher Motors 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.

Eicher Motors'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)
	=	15805.5	/	(1480	+	2714.4)
	=	3.77

Eicher Motors'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)
	=	15805.5	/	(1480	+	2714.4)
	=	3.77

Eicher Motors (NSE:EICHERMOT) 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.

Eicher Motors Cash-to-Debt Related Terms

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

Eicher Motors (NSE:EICHERMOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Eicher Motors Ltd (NSE:EICHERMOT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

505200:India

Address

No. 96, Sector 32, Gurugram, HR, IND, 122001

Website

https://www.eichermotors.com

Eicher Motors Ltd is an Indian automobile manufacturer. The company organizes itself into two divisions, based on product type: motorcycles, and commercial vehicles. The motorcycles division, the most significant contributor to Eicher Motors' revenue, produces motorcycles through the Royal Enfield brand. The commercial vehicles divisions, through a joint venture with Volvo, produces trucks and buses for sale in India and other developing markets. The company derives the vast majority of revenue domestically.

Eicher Motors (NSE:EICHERMOT) Headlines

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