Envoy Textiles (DHA:ENVOYTEX) Cash-to-Debt : 0.03 (As of Mar. 2024)

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What is Envoy Textiles 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. Envoy Textiles's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.03.

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, Envoy Textiles couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

DHA:ENVOYTEX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.08
Current: 0.03

During the past 12 years, Envoy Textiles's highest Cash to Debt Ratio was 0.08. The lowest was 0.00. And the median was 0.02.

DHA:ENVOYTEX's Cash-to-Debt is ranked worse than
88.9% of 1027 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.49 vs DHA:ENVOYTEX: 0.03

Envoy Textiles Cash-to-Debt Historical Data

The historical data trend for Envoy Textiles'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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Envoy Textiles Cash-to-Debt Chart

Envoy Textiles Annual Data

Trend

Sep14

Sep15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.01

0.02

0.03

Envoy Textiles 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															0.02	0.03	0.02	0.02	0.03

Competitive Comparison of Envoy Textiles's Cash-to-Debt

For the Textile Manufacturing subindustry, Envoy Textiles'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.

Envoy Textiles's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Envoy Textiles 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.

Envoy Textiles's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	362.345	/	(6803.797	+	5067.38)
	=	0.03

Envoy Textiles'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)
	=	350.73	/	(5749.127	+	5547.453)
	=	0.03

Envoy Textiles (DHA:ENVOYTEX) 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.

Envoy Textiles Cash-to-Debt Related Terms

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

Envoy Textiles (DHA:ENVOYTEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Envoy Textiles Ltd (DHA:ENVOYTEX) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

18/E, Lake Circus, Kalabagan, Envoy Tower, West Panthapath, Dhaka, BGD, 1205

Website

http://www.envoytextiles.com

Envoy Textiles Ltd is a manufacturer of denim in Bangladesh. The company produces a range of denim products featuring a wide range of yarns and weaves in various shades of indigo and black. The company specializes in 4.5 oz to 14.75 oz ring and open-end denim and uses stretch, mill wash, and modern finishing processes. The product consists of cent percent cotton denim, overdyed denim fabric, flat/mercerized denim, coated denim, dual-core, blender, indigo, stretch denim fabric, vintage cross-hatch style denim fabric, natural denim, cotton/poly/spandex, performance denim, handloom/knit look, and tencel.

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