Ice Make Refrigeration (NSE:ICEMAKE) Cash-to-Debt : N/A (As of Dec. 2023)

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What is Ice Make Refrigeration 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. Ice Make Refrigeration's cash to debt ratio for the quarter that ended in Dec. 2023 was N/A.

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

NSE:ICEMAKE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.3 Max: 1.73
Current: 0.16

During the past 11 years, Ice Make Refrigeration's highest Cash to Debt Ratio was 1.73. The lowest was 0.04. And the median was 0.30.

NSE:ICEMAKE's Cash-to-Debt is ranked worse than
87.32% of 2926 companies
in the Industrial Products industry
Industry Median: 1.22 vs NSE:ICEMAKE: 0.16

Ice Make Refrigeration Cash-to-Debt Historical Data

The historical data trend for Ice Make Refrigeration'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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Ice Make Refrigeration Cash-to-Debt Chart

Ice Make Refrigeration Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.31

0.04

0.15

0.05

1.22

Ice Make Refrigeration Quarterly Data
	Sep18	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															N/A	1.22	N/A	0.16	N/A

Competitive Comparison of Ice Make Refrigeration's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Ice Make Refrigeration'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.

Ice Make Refrigeration's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ice Make Refrigeration's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ice Make Refrigeration's Cash-to-Debt falls into.

Ice Make Refrigeration 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.

Ice Make Refrigeration'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)
	=	59.345	/	(9.839	+	38.732)
	=	1.22

Ice Make Refrigeration's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Ice Make Refrigeration (NSE:ICEMAKE) 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.

Ice Make Refrigeration Cash-to-Debt Related Terms

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Ice Make Refrigeration (NSE:ICEMAKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ice Make Refrigeration Ltd (NSE:ICEMAKE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

226, Gota-Vadsar Road, Dantali Industrial Estate, Taluka Kalol, Dantali, Near Ahmedabad City, Gandhinagar, GJ, IND, 382721

Website

https://www.icemakeindia.com

Ice Make Refrigeration Ltd is a refrigeration equipment manufacturer, engaged in providing cooling solutions. The company's only operating segment being the Manufacturing of Cold Rooms, Freezer, Refrigeration Systems, and chilling Plant. It serves dairy, ice cream, food processing, agriculture, pharmaceuticals, cold chain, logistics, hospitals, hospitality, retail, and other industries. The company's product offering includes Bulk Milk Chiller, Curd Incubation Chamber, Glass Door Display Chiller, Mortuary Chamber, Refrigerated Container, and other related products.

Ice Make Refrigeration (NSE:ICEMAKE) Headlines

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