Jetmall Spices and Masala (BOM:543286) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Jetmall Spices and Masala 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. Jetmall Spices and Masala's cash to debt ratio for the quarter that ended in Sep. 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, Jetmall Spices and Masala could pay off its debt using the cash in hand for the quarter that ended in Sep. 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 Jetmall Spices and Masala's Cash-to-Debt or its related term are showing as below:

BOM:543286' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 1.01 Max: No Debt
Current: No Debt

During the past 6 years, Jetmall Spices and Masala's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 1.01.

BOM:543286's Cash-to-Debt is ranked better than
99.68% of 308 companies
in the Retail - Defensive industry
Industry Median: 0.455 vs BOM:543286: No Debt

Jetmall Spices and Masala Cash-to-Debt Historical Data

The historical data trend for Jetmall Spices and Masala'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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Jetmall Spices and Masala Cash-to-Debt Chart

Jetmall Spices and Masala Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.25

0.23

0.93

0.17

No Debt

Jetmall Spices and Masala Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial					No Debt	0.17	No Debt	No Debt	No Debt

Competitive Comparison of Jetmall Spices and Masala's Cash-to-Debt

For the Food Distribution subindustry, Jetmall Spices and Masala'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.

Jetmall Spices and Masala's Cash-to-Debt Distribution in the Retail - Defensive Industry

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

* The bar in red indicates where Jetmall Spices and Masala's Cash-to-Debt falls into.

Jetmall Spices and Masala 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.

Jetmall Spices and Masala's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Jetmall Spices and Masala had no debt ⁽¹⁾.

Jetmall Spices and Masala's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Jetmall Spices and Masala had no debt ⁽¹⁾.

Jetmall Spices and Masala (BOM:543286) 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.

Jetmall Spices and Masala Cash-to-Debt Related Terms

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

Jetmall Spices and Masala (BOM:543286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Jetmall Spices and Masala Ltd (BOM:543286) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 33/1, Ritherdon Road, Vepery, Chennai, TN, IND, 600 007

Website

https://www.jetmallltd.in

Jetmall Spices and Masala Ltd is engaged in business of Manufacturing & trading of food and processed foods. Company is dealing in only one segment of business that is trading of Spices, Masala, Food Grains and Kirana Products.

Jetmall Spices and Masala (BOM:543286) Headlines

No Headlines

Jetmall Spices and Masala (BOM:543286) Cash-to-Debt : No Debt (1) (As of Sep. 2023)