UR Sugar Industries (BOM:539097) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is UR Sugar 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. UR Sugar Industries's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, UR Sugar Industries could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

BOM:539097' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.29 Med: 156.23 Max: No Debt
Current: 189.66

During the past 8 years, UR Sugar Industries's highest Cash to Debt Ratio was No Debt. The lowest was 0.29. And the median was 156.23.

BOM:539097's Cash-to-Debt is ranked better than
82.07% of 792 companies
in the Capital Markets industry
Industry Median: 1.87 vs BOM:539097: 189.66

UR Sugar Industries Cash-to-Debt Historical Data

The historical data trend for UR Sugar 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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UR Sugar Industries Cash-to-Debt Chart

UR Sugar Industries Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

94.95

40.55

UR Sugar Industries Quarterly Data
	Sep15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															N/A	40.55	N/A	192.74	No Debt

Competitive Comparison of UR Sugar Industries's Cash-to-Debt

For the Capital Markets subindustry, UR Sugar 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.

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

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

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

UR Sugar 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.

UR Sugar 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)
	=	40.751	/	(0.261	+	0.744)
	=	40.55

UR Sugar Industries's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

UR Sugar Industries had no debt ⁽¹⁾.

UR Sugar Industries (BOM:539097) 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.

UR Sugar Industries Cash-to-Debt Related Terms

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

UR Sugar Industries (BOM:539097) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » UR Sugar Industries Ltd (BOM:539097) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

UR Building, Basweshware Circle, Bellad-Bagewadi, Taluka Hukkeri, District Belgaum, Belgaum, KA, IND, 591305

Website

https://www.hkglimited.com

UR Sugar Industries Ltd formerly HKG Ltd connects small businesses and empowers them to grow through its web interfaces and services. Its services include My RERA, Area Online, My Notification, My Locker, and Mera Financial, among others. It is also engaged in the trading of securities. The business verticals of the group have a presence in industries like Retail, Hyperlocal, E-commerce, Real Estate, Digital Marketing, News and Information, Web Services, and others.

UR Sugar Industries (BOM:539097) Headlines

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UR Sugar Industries (BOM:539097) Cash-to-Debt : No Debt (1) (As of Dec. 2023)