Hindoostan Mills (BOM:509895) Cash-to-Debt : 7.92 (As of Mar. 2024)

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What is Hindoostan Mills 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. Hindoostan Mills's cash to debt ratio for the quarter that ended in Mar. 2024 was 7.92.

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

BOM:509895' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.17 Max: No Debt
Current: 7.92

During the past 13 years, Hindoostan Mills's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 0.17.

BOM:509895's Cash-to-Debt is ranked better than
84.34% of 1028 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.49 vs BOM:509895: 7.92

Hindoostan Mills Cash-to-Debt Historical Data

The historical data trend for Hindoostan Mills'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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Hindoostan Mills Cash-to-Debt Chart

Hindoostan Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

0.03

No Debt

5.48

3.75

7.92

Hindoostan Mills 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															3.75	N/A	6.67	N/A	7.92

Competitive Comparison of Hindoostan Mills's Cash-to-Debt

For the Textile Manufacturing subindustry, Hindoostan Mills'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.

Hindoostan Mills's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hindoostan Mills's Cash-to-Debt distribution charts can be found below:

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

Hindoostan Mills 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.

Hindoostan Mills'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)
	=	118.602	/	(4.822	+	10.162)
	=	7.92

Hindoostan Mills'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)
	=	118.602	/	(4.822	+	10.162)
	=	7.92

Hindoostan Mills (BOM:509895) 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.

Hindoostan Mills Cash-to-Debt Related Terms

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

Hindoostan Mills (BOM:509895) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hindoostan Mills Ltd (BOM:509895) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Dr. Annie Besant Road, Shivsagar Estate, D Block, 8th Floor, Worli, Mumbai, MH, IND, 400018

Website

https://www.hindoostan.com

Hindoostan Mills Ltd is engaged in the business of Manufacture and Sale of Fabric and Yarn and Refiling of Elastic Calendar Bowls. The business segments of the company are Textile and Engineering, of which the majority of the revenue is derived from the textile segment. It operates in India and internationally of which key revenue is generated in India.

Hindoostan Mills (BOM:509895) Headlines

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