Proventus Agrocom (NSE:PROV) Cash-to-Debt : 0.29 (As of Sep. 2023)

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What is Proventus Agrocom 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. Proventus Agrocom's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.29.

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

NSE:PROV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.35 Max: 0.44
Current: 0.29

During the past 3 years, Proventus Agrocom's highest Cash to Debt Ratio was 0.44. The lowest was 0.13. And the median was 0.35.

NSE:PROV's Cash-to-Debt is ranked worse than
62.26% of 1855 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs NSE:PROV: 0.29

Proventus Agrocom Cash-to-Debt Historical Data

The historical data trend for Proventus Agrocom'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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Proventus Agrocom Cash-to-Debt Chart

Proventus Agrocom Annual Data

Trend

Mar20

Mar21

Mar22

Cash-to-Debt

0.13

0.44

0.42

Proventus Agrocom Semi-Annual Data
	Mar20	Mar21	Mar22	Sep23
Cash-to-Debt	0.13	0.44	0.42	0.29

Competitive Comparison of Proventus Agrocom's Cash-to-Debt

For the Packaged Foods subindustry, Proventus Agrocom'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.

Proventus Agrocom's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Proventus Agrocom's Cash-to-Debt distribution charts can be found below:

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

Proventus Agrocom 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.

Proventus Agrocom's Cash to Debt Ratio for the fiscal year that ended in Mar. 2022 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)
	=	143.429	/	(232.255	+	112.15)
	=	0.42

Proventus Agrocom'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)
	=	83.72	/	(278.62	+	9)
	=	0.29

Proventus Agrocom (NSE:PROV) 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.

Proventus Agrocom Cash-to-Debt Related Terms

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Proventus Agrocom (NSE:PROV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Proventus Agrocom Ltd (NSE:PROV) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Village Mulgaon, MV Road, Unit 515, 5th Floor, C Wing, 1 MTR Cabin, Atrium, Andheri East, Near Acme Plaza, Mumbai, MH, IND, 400 069

Website

https://www.proventusagro.com

Proventus Agrocom Ltd is an integrated health food brand with a presence in the entire range of dry fruits, nuts, seeds, berries, and healthy snacking products across the value chain. Its approach in the space focuses on diversifying across the baskets and intensifying its presence across the value chain; in the end, being a one-stop shop for the consumers. Its products include cashew, almonds, walnuts, raisins, sunflower seeds, pistachios and other dry fruits, nuts, seeds and berries.