Jyoti Resins & Adhesives (BOM:514448) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2024)

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What is Jyoti Resins & Adhesives 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. Jyoti Resins & Adhesives's cash to debt ratio for the quarter that ended in Sep. 2024 was No Debt ⁽¹⁾.

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, Jyoti Resins & Adhesives could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

(1) 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.

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

BOM:514448' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 11.04 Max: No Debt
Current: No Debt

During the past 13 years, Jyoti Resins & Adhesives's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 11.04.

BOM:514448's Cash-to-Debt is ranked better than
99.68% of 1548 companies
in the Chemicals industry
Industry Median: 0.69 vs BOM:514448: No Debt

Jyoti Resins & Adhesives Cash-to-Debt Historical Data

The historical data trend for Jyoti Resins & Adhesives'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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Jyoti Resins & Adhesives Cash-to-Debt Chart

Jyoti Resins & Adhesives Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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19.75

93.31

450.24

No Debt

Jyoti Resins & Adhesives 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															No Debt	N/A	No Debt	N/A	No Debt

Competitive Comparison of Jyoti Resins & Adhesives's Cash-to-Debt

For the Specialty Chemicals subindustry, Jyoti Resins & Adhesives'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.

Jyoti Resins & Adhesives's Cash-to-Debt Distribution in the Chemicals Industry

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

* The bar in red indicates where Jyoti Resins & Adhesives's Cash-to-Debt falls into.

Jyoti Resins & Adhesives 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.

Jyoti Resins & Adhesives's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Jyoti Resins & Adhesives had no debt ⁽¹⁾.

Jyoti Resins & Adhesives's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Jyoti Resins & Adhesives had no debt ⁽¹⁾.

Jyoti Resins & Adhesives (BOM:514448) 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.

Jyoti Resins & Adhesives Cash-to-Debt Related Terms

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

Jyoti Resins & Adhesives Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jyoti Resins & Adhesives Ltd (BOM:514448) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

S.G. Highway, 1104-1112 Ellite, Near Shapath Hexa, Near Sola Over bridge, Opposite Kargil Petrol pump, Ahmedabad, GJ, IND, 380060

Website

https://www.euro7000.com

Jyoti Resins & Adhesives Ltd is in the business of production of Wood Adhesives which are widely used in the fast-moving consumer market on days. The company has launched Euro 7000 under which it manufactures many types of wood adhesives. Some of its products include Euro 7000 Xtra, Euro WP, Euro Extreme3, Euro Ultra, and Euro PVC Glue.

Jyoti Resins & Adhesives Headlines

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Jyoti Resins & Adhesives (BOM:514448) Cash-to-Debt : No Debt (1) (As of Sep. 2024)