Maks Energy Solutions India (NSE:MAKS) Cash-to-Debt : 0.07 (As of Mar. 2023)

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What is Maks Energy Solutions India 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. Maks Energy Solutions India's cash to debt ratio for the quarter that ended in Mar. 2023 was 0.07.

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, Maks Energy Solutions India 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 Maks Energy Solutions India's Cash-to-Debt or its related term are showing as below:

NSE:MAKS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 0.07
Current: 0.07

During the past 4 years, Maks Energy Solutions India's highest Cash to Debt Ratio was 0.07. The lowest was 0.01. And the median was 0.06.

NSE:MAKS's Cash-to-Debt is ranked worse than
94.24% of 3002 companies
in the Industrial Products industry
Industry Median: 1.185 vs NSE:MAKS: 0.07

Maks Energy Solutions India Cash-to-Debt Historical Data

The historical data trend for Maks Energy Solutions India'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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Maks Energy Solutions India Cash-to-Debt Chart

Maks Energy Solutions India Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

0.01

0.06

0.07

Maks Energy Solutions India Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Cash-to-Debt	0.01	0.06	0.07	0.07

Competitive Comparison of Maks Energy Solutions India's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Maks Energy Solutions India'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.

Maks Energy Solutions India's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Maks Energy Solutions India's Cash-to-Debt distribution charts can be found below:

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

Maks Energy Solutions India 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.

Maks Energy Solutions India'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)
	=	9.523	/	(122.28	+	5.752)
	=	0.07

Maks Energy Solutions India'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)
	=	9.523	/	(122.28	+	5.752)
	=	0.07

Maks Energy Solutions India (NSE:MAKS) 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.

Maks Energy Solutions India Cash-to-Debt Related Terms

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Maks Energy Solutions India (NSE:MAKS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Maks Energy Solutions India Ltd (NSE:MAKS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shubham Society, Showroom-1, 599/600 Rasta Peth, Near- Parsi Agyari, Pune, MH, IND, 411011

Website

https://www.maksgenerators.com

Maks Energy Solutions India Ltd is engaged in the business of trading, dealing, assembling, selling, installing, testing, and commissioning generator and Diesel Generator sets. The company's products include Tata generators, Cummins generators, Perkins generators, and Spare parts. The company also has dealers outside India in Europe, Latin America, the USA, Singapore, the Middle East, Africa, Thailand, Nepal, Sri Lanka, and many other countries.

Maks Energy Solutions India (NSE:MAKS) Headlines

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