R M Drip & Sprinklers Systems (NSE:RMDRIP) Cash-to-Debt : 0.01 (As of Sep. 2023)

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What is R M Drip & Sprinklers Systems 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. R M Drip & Sprinklers Systems's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.01.

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, R M Drip & Sprinklers Systems couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for R M Drip & Sprinklers Systems's Cash-to-Debt or its related term are showing as below:

NSE:RMDRIP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: 0.21
Current: 0.01

During the past 11 years, R M Drip & Sprinklers Systems's highest Cash to Debt Ratio was 0.21. The lowest was 0.01. And the median was 0.05.

NSE:RMDRIP's Cash-to-Debt is ranked worse than
98.07% of 207 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.58 vs NSE:RMDRIP: 0.01

R M Drip & Sprinklers Systems Cash-to-Debt Historical Data

The historical data trend for R M Drip & Sprinklers Systems'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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R M Drip & Sprinklers Systems Cash-to-Debt Chart

R M Drip & Sprinklers Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.02

0.01

0.10

0.04

0.03

R M Drip & Sprinklers Systems Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial													N/A	0.04	0.02	0.03	0.01

Competitive Comparison of R M Drip & Sprinklers Systems's Cash-to-Debt

For the Farm & Heavy Construction Machinery subindustry, R M Drip & Sprinklers Systems'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.

R M Drip & Sprinklers Systems's Cash-to-Debt Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, R M Drip & Sprinklers Systems's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where R M Drip & Sprinklers Systems's Cash-to-Debt falls into.

R M Drip & Sprinklers Systems 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.

R M Drip & Sprinklers Systems'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)
	=	2.08	/	(42.169	+	33.411)
	=	0.03

R M Drip & Sprinklers Systems's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.379	/	(48.39	+	29.753)
	=	0.00

R M Drip & Sprinklers Systems (NSE:RMDRIP) 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.

R M Drip & Sprinklers Systems Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of R M Drip & Sprinklers Systems's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

R M Drip & Sprinklers Systems (NSE:RMDRIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » R M Drip & Sprinklers Systems Ltd (NSE:RMDRIP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gat No. 475, Village Gonde, Taluka Sinnar, Nashik, MH, IND, 422113

Website

http://www.rmdrip.com

R M Drip & Sprinklers Systems Ltd designs manufacture and sell micro-irrigation equipment. The company's products are Drip Irrigation, Sprinkler Irrigation, Filters, among others. The Company also assists the farmers in designing and installation of its Sprinkler and Drip Irrigations systems according to their needs. The dealer network expands from Maharashtra, Madhya Pradesh, Gujarat, Karnataka and extended its market to Uttar Pradesh, Bihar and Jharkhand.

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