Atul (NSE:ATUL) Cash-to-Debt : 2.20 (As of Mar. 2024)

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What is Atul 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. Atul's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.20.

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, Atul could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

NSE:ATUL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 3.81 Max: 8.17
Current: 2.2

During the past 13 years, Atul's highest Cash to Debt Ratio was 8.17. The lowest was 0.07. And the median was 3.81.

NSE:ATUL's Cash-to-Debt is ranked better than
69.21% of 1549 companies
in the Chemicals industry
Industry Median: 0.72 vs NSE:ATUL: 2.20

Atul Cash-to-Debt Historical Data

The historical data trend for Atul'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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Atul Cash-to-Debt Chart

Atul Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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5.94

8.17

4.28

4.57

2.20

Atul 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															4.57	N/A	2.44	N/A	2.20

Competitive Comparison of Atul's Cash-to-Debt

For the Specialty Chemicals subindustry, Atul'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.

Atul's Cash-to-Debt Distribution in the Chemicals Industry

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

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

Atul 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.

Atul's Cash to Debt Ratio for the fiscal year 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)
	=	5209.2	/	(225.5	+	2140)
	=	2.20

Atul'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)
	=	5209.2	/	(225.5	+	2140)
	=	2.20

Atul (NSE:ATUL) 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.

Atul Cash-to-Debt Related Terms

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Atul (NSE:ATUL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Atul Ltd (NSE:ATUL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

500027:India

Address

Atul, Ahmedabad, GJ, IND, 396020

Website

https://www.atul.co.in

Atul Ltd manufactures and sells a variety of chemicals and chemical-based products. The firm's two segments are based on product type. The Performance and other chemicals segment, which generates the majority of revenue, sells aromatics used in fragrances and personal-care products, bulk chemicals, and intermediates used in the production of cosmetics and automobile tires. The segment also sells chemicals used in textile dyes and plastic polymers used in airplanes and automobiles. The Life science chemicals segment sells crop protection products including herbicides, insecticides, and fungicides. The segment also sells pharmaceuticals used to treat depression, diabetes, infections, and cardiovascular diseases. Around half of the company's revenue comes from India.

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