Salvo Chemical Industry (DHA:SALVOCHEM) Cash-to-Debt : 0.11 (As of Dec. 2023)

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What is Salvo Chemical Industry 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. Salvo Chemical Industry's cash to debt ratio for the quarter that ended in Dec. 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, Salvo Chemical Industry couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

DHA:SALVOCHEM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.09 Max: 0.29
Current: 0.11

During the past 12 years, Salvo Chemical Industry's highest Cash to Debt Ratio was 0.29. The lowest was 0.02. And the median was 0.09.

DHA:SALVOCHEM's Cash-to-Debt is ranked worse than
88.01% of 1551 companies
in the Chemicals industry
Industry Median: 0.73 vs DHA:SALVOCHEM: 0.11

Salvo Chemical Industry Cash-to-Debt Historical Data

The historical data trend for Salvo Chemical Industry'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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Salvo Chemical Industry Cash-to-Debt Chart

Salvo Chemical Industry Annual Data

Trend

Dec12

Dec13

Dec15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.03

0.09

0.10

Salvo Chemical Industry 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															0.09	0.08	0.10	0.10	0.11

Competitive Comparison of Salvo Chemical Industry's Cash-to-Debt

For the Chemicals subindustry, Salvo Chemical Industry'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.

Salvo Chemical Industry's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Salvo Chemical Industry's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Salvo Chemical Industry's Cash-to-Debt falls into.

Salvo Chemical Industry 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.

Salvo Chemical Industry'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)
	=	108.849	/	(613.969	+	522.307)
	=	0.10

Salvo Chemical Industry's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	119.925	/	(630.6	+	493.055)
	=	0.11

Salvo Chemical Industry (DHA:SALVOCHEM) 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.

Salvo Chemical Industry Cash-to-Debt Related Terms

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

Salvo Chemical Industry (DHA:SALVOCHEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Salvo Chemical Industry Ltd (DHA:SALVOCHEM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 210-211, Nawabpur Road, Suite number 401, 3rd floor, Dhaka, BGD, 1100

Website

https://www.salvochemical.com

Salvo Chemical Industry Ltd mainly engages in the manufacturing of sulphuric acid and liquid Glucose. In addition to that, the company also produces battery-grade water, Magnesium and zinc sulfate, starch, etc. Sulphuric Acid is used to produce ferrous sulfate, alum, etc, Additionally, it is used in the manufacturing of plasticizers, dyestuffs, explosives, silicate for toothpaste, adhesives, rubbers, edible oils, lubricants, the production of food acids. The segments of the company include Sulphuric Acid and battery-grade water, Starch & by- product, and Liquid Glucose. The majority of revenue is generated from the Starch & by-product segment.

Salvo Chemical Industry (DHA:SALVOCHEM) Headlines

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