Deepak Nitrite (BOM:506401) Cash-to-Debt : 1.01 (As of Sep. 2024)

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What is Deepak Nitrite 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. Deepak Nitrite's cash to debt ratio for the quarter that ended in Sep. 2024 was 1.01.

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, Deepak Nitrite could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

BOM:506401' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.28 Max: 8.4
Current: 1.01

During the past 13 years, Deepak Nitrite's highest Cash to Debt Ratio was 8.40. The lowest was 0.00. And the median was 0.28.

BOM:506401's Cash-to-Debt is ranked better than
57.72% of 1554 companies
in the Chemicals industry
Industry Median: 0.7 vs BOM:506401: 1.01

Deepak Nitrite Cash-to-Debt Historical Data

The historical data trend for Deepak Nitrite'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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Deepak Nitrite Cash-to-Debt Chart

Deepak Nitrite Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.03

0.38

1.52

5.72

2.04

Deepak Nitrite Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															8.40	N/A	2.04	N/A	1.01

Competitive Comparison of Deepak Nitrite's Cash-to-Debt

For the Chemicals subindustry, Deepak Nitrite'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.

Deepak Nitrite's Cash-to-Debt Distribution in the Chemicals Industry

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

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

Deepak Nitrite 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.

Deepak Nitrite'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)
	=	5834	/	(68.5	+	2792.3)
	=	2.04

Deepak Nitrite's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	8661.2	/	(254.2	+	8316.3)
	=	1.01

Deepak Nitrite (BOM:506401) 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.

Deepak Nitrite Cash-to-Debt Related Terms

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Deepak Nitrite Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Deepak Nitrite Ltd (BOM:506401) » Definitions » Cash-to-Debt

Traded in Other Exchanges

DEEPAKNTR:India

Address

Alembic Avenue Road, 2nd Floor, Fermenter House, Alembic City, Vadodara, GJ, IND, 390003

Website

https://www.godeepak.com

Deepak Nitrite Ltd is a chemical manufacturing company. The company has two business segments; Advanced Intermediates, and Phenolics. Maximum revenue is generated from the Phenolics segment which manufactures chemicals like Cumene, Phenol, Acetone, Isopropyl Alcohol, and Alpha Methyl Styrene (AMS) among others. The chemicals are used in various industries such as Laminate & Plywood, Automotive, Construction, Pharmaceuticals, Adhesives, Sanitisers, and others. Geographically, the company derives its maximum revenue from India and the rest from other countries through exports.

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