GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » HDFC Asset Management Co Ltd (NSE:HDFCAMC) » Definitions » Cash-to-Debt

HDFC Asset Management Co (NSE:HDFCAMC) Cash-to-Debt : No Debt (1) (As of Mar. 2024)


View and export this data going back to 2018. Start your Free Trial

What is HDFC Asset Management Co 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. HDFC Asset Management Co's cash to debt ratio for the quarter that ended in Mar. 2024 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, HDFC Asset Management Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(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 HDFC Asset Management Co's Cash-to-Debt or its related term are showing as below:

NSE:HDFCAMC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.36   Med: No Debt   Max: No Debt
Current: No Debt

During the past 11 years, HDFC Asset Management Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.36. And the median was No Debt.

NSE:HDFCAMC's Cash-to-Debt is ranked better than
99.93% of 1470 companies
in the Asset Management industry
Industry Median: 5.845 vs NSE:HDFCAMC: No Debt

HDFC Asset Management Co Cash-to-Debt Historical Data

The historical data trend for HDFC Asset Management Co'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.

* Premium members only.

HDFC Asset Management Co Cash-to-Debt Chart

HDFC Asset Management Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.36 9.44 12.29 8.67 No Debt

HDFC Asset Management Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.67 N/A No Debt N/A No Debt

Competitive Comparison of HDFC Asset Management Co's Cash-to-Debt

For the Asset Management subindustry, HDFC Asset Management Co'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.


HDFC Asset Management Co's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, HDFC Asset Management Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where HDFC Asset Management Co's Cash-to-Debt falls into.



HDFC Asset Management Co 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.

HDFC Asset Management Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

HDFC Asset Management Co had no debt (1).

HDFC Asset Management Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

HDFC Asset Management Co had no debt (1).

* 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.


HDFC Asset Management Co  (NSE:HDFCAMC) 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.


HDFC Asset Management Co Cash-to-Debt Related Terms

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


HDFC Asset Management Co (NSE:HDFCAMC) Business Description

Traded in Other Exchanges
Address
H.T. Parekh Marg, HDFC House, 2nd Floor, 165-166, Backbay Reclamation, Churchgate, Mumbai, MH, IND, 400 020
HDFC Asset Management Co Ltd is an asset management company. The company is in the business of providing asset management services to HDFC Mutual Fund and portfolio management and advisory services to clients. Geographically, it derives a majority of revenue from within India.

HDFC Asset Management Co (NSE:HDFCAMC) Headlines

No Headlines