Prime Fresh (BOM:540404) Cash-to-Debt : 0.11 (As of Sep. 2023)

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What is Prime Fresh 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. Prime Fresh's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.11.

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

BOM:540404' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.31 Max: 3.19
Current: 0.11

During the past 12 years, Prime Fresh's highest Cash to Debt Ratio was 3.19. The lowest was 0.08. And the median was 0.31.

BOM:540404's Cash-to-Debt is ranked worse than
80.84% of 308 companies
in the Retail - Defensive industry
Industry Median: 0.455 vs BOM:540404: 0.11

Prime Fresh Cash-to-Debt Historical Data

The historical data trend for Prime Fresh'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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Prime Fresh Cash-to-Debt Chart

Prime Fresh Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.31

0.08

0.20

0.28

0.60

Prime Fresh Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Sep16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial														2.11	0.28	1.47	0.60	0.11

Competitive Comparison of Prime Fresh's Cash-to-Debt

For the Food Distribution subindustry, Prime Fresh'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.

Prime Fresh's Cash-to-Debt Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Prime Fresh's Cash-to-Debt distribution charts can be found below:

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

Prime Fresh 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.

Prime Fresh'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)
	=	28.435	/	(46.198	+	1.008)
	=	0.60

Prime Fresh'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)
	=	6.387	/	(57.689	+	0.962)
	=	0.11

Prime Fresh (BOM:540404) 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.

Prime Fresh Cash-to-Debt Related Terms

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

Prime Fresh (BOM:540404) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Prime Fresh Ltd (BOM:540404) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

102, Sanskar - 2, Polytechnic Road, Near Ketav Petrol Pump, Ambawadi, Ahmedabad, GJ, IND, 380015

Website

http://www.primefreshlimited.com

Prime Fresh Ltd is an integrated Agri value chain institution in the domestic and international agricultural trade. The company is engaged in the procurement and distribution of Fruits and Vegetables. It focuses on sourcing, handling, grading, sorting, warehousing, packing, ripening, branding, warehousing, delivery of fruits and vegetables and manpower management. The group sells its products in India and also exports it to other countries, of which a majority of revenue is derived from the sales made in India.

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