Nahar Industrial Enterprises (BOM:519136) Cash-to-Debt : 0.06 (As of Mar. 2024)

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What is Nahar Industrial Enterprises 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. Nahar Industrial Enterprises's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.06.

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, Nahar Industrial Enterprises couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

BOM:519136' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.06
Current: 0.06

During the past 13 years, Nahar Industrial Enterprises's highest Cash to Debt Ratio was 0.06. The lowest was 0.00. And the median was 0.00.

BOM:519136's Cash-to-Debt is ranked worse than
84.12% of 1033 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs BOM:519136: 0.06

Nahar Industrial Enterprises Cash-to-Debt Historical Data

The historical data trend for Nahar Industrial Enterprises'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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Nahar Industrial Enterprises Cash-to-Debt Chart

Nahar Industrial Enterprises Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.01

0.03

0.06

Nahar Industrial Enterprises 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															0.03	N/A	0.11	N/A	0.06

Competitive Comparison of Nahar Industrial Enterprises's Cash-to-Debt

For the Textile Manufacturing subindustry, Nahar Industrial Enterprises'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.

Nahar Industrial Enterprises's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nahar Industrial Enterprises's Cash-to-Debt distribution charts can be found below:

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

Nahar Industrial Enterprises 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.

Nahar Industrial Enterprises'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)
	=	319.566	/	(4376.561	+	943.089)
	=	0.06

Nahar Industrial Enterprises'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)
	=	319.566	/	(4376.561	+	943.089)
	=	0.06

Nahar Industrial Enterprises (BOM:519136) 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.

Nahar Industrial Enterprises Cash-to-Debt Related Terms

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Nahar Industrial Enterprises (BOM:519136) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nahar Industrial Enterprises Ltd (BOM:519136) » Definitions » Cash-to-Debt

Traded in Other Exchanges

NAHARINDUS:India

Address

Focal Point, Ludhiana, PB, IND, 141010

Website

http://www.owmnahar.com

Nahar Industrial Enterprises Ltd is a textile manufacturing company. The company operates through two segments: Sugar and Textile. The Textile segment offers yarn and fabric. The Sugar segment is engaged in producing sugar. The company's product offerings include various types of yarns, such as cotton yarns, blended yarns, woollen, woollen blended, Cotton, Polyester Cotton, Other Blended, Compact Yarn, Mercerized Gassed Yarn. It also manufactures printed fabrics, specialty and performance fabrics, and indigo yarn-dyed shirtings for use in apparel and home furnishings. The firm derives a majority of revenue from the Textile segment.

Nahar Industrial Enterprises (BOM:519136) Headlines

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