Charms Industries (BOM:531327) Cash-to-Debt : N/A (As of Dec. 2023)

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

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

BOM:531327' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 20.85 Max: No Debt
Current: 0.16

During the past 13 years, Charms Industries's highest Cash to Debt Ratio was No Debt. The lowest was 0.16. And the median was 20.85.

BOM:531327's Cash-to-Debt is ranked worse than
85.86% of 792 companies
in the Capital Markets industry
Industry Median: 1.87 vs BOM:531327: 0.16

Charms Industries Cash-to-Debt Historical Data

The historical data trend for Charms Industries'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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Charms Industries Cash-to-Debt Chart

Charms Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

9.69

No Debt

2.97

0.67

Charms Industries Quarterly Data
	Mar19	Jun19	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	0.67	N/A	0.16	N/A

Competitive Comparison of Charms Industries's Cash-to-Debt

For the Capital Markets subindustry, Charms Industries'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.

Charms Industries's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Charms Industries's Cash-to-Debt distribution charts can be found below:

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

Charms Industries 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.

Charms Industries'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)
	=	1.353	/	(2.025	+	0)
	=	0.67

Charms Industries'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.

Charms Industries (BOM:531327) 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.

Charms Industries Cash-to-Debt Related Terms

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

Charms Industries (BOM:531327) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Charms Industries Ltd (BOM:531327) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

108-B/109, Sampada Building, Mithakali Six Roads, Opposite Hare Krishna Complex, Behind Kiran Motors, Ahmedabad, GJ, IND, 380 009

Website

http://www.charmsindustries.co.in

Charms Industries Ltd is an RBI registered full-fledged money changer. In money changing, the company provides an array of products and services including buying and selling of foreign currency notes, servicing of co-branded International prepaid multicurrency travel cards, issuance of foreign currency demand drafts, travelers' cheques and outward telegraphic remittances, including outbound remittances towards student fees, film shoots, tour remittances etc. and also extend encasements of foreign currency demand drafts, travelers' cheques and forex prepaid cards.

Charms Industries (BOM:531327) Headlines

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