Chordia Food Products (BOM:519475) Cash-to-Debt : 3.83 (As of Mar. 2024)

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What is Chordia Food Products 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. Chordia Food Products's cash to debt ratio for the quarter that ended in Mar. 2024 was 3.83.

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, Chordia Food Products 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 Chordia Food Products's Cash-to-Debt or its related term are showing as below:

BOM:519475' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.29 Max: 3.83
Current: 3.83

During the past 13 years, Chordia Food Products's highest Cash to Debt Ratio was 3.83. The lowest was 0.06. And the median was 0.29.

BOM:519475's Cash-to-Debt is ranked better than
77.48% of 1874 companies
in the Consumer Packaged Goods industry
Industry Median: 0.51 vs BOM:519475: 3.83

Chordia Food Products Cash-to-Debt Historical Data

The historical data trend for Chordia Food Products'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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Chordia Food Products Cash-to-Debt Chart

Chordia Food Products Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.47

0.53

0.36

2.19

3.83

Chordia Food Products 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															2.19	N/A	3.11	N/A	3.83

Competitive Comparison of Chordia Food Products's Cash-to-Debt

For the Packaged Foods subindustry, Chordia Food Products'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.

Chordia Food Products's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

Chordia Food Products 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.

Chordia Food Products'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)
	=	16.303	/	(2.053	+	2.201)
	=	3.83

Chordia Food Products'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)
	=	16.303	/	(2.053	+	2.201)
	=	3.83

Chordia Food Products (BOM:519475) 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.

Chordia Food Products Cash-to-Debt Related Terms

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Chordia Food Products (BOM:519475) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chordia Food Products Ltd (BOM:519475) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Pune Satara Road, 48A, Parvati Industrial Estate, Pune, MH, IND, 411009

Website

https://www.chordiafoods.com

Chordia Food Products Ltd is a manufacturer and exporter of pickles in western India. Its product offerings comprise Indian processed foods such as pickles, spice pastes, instant mixes, ketchup, and sauces. The company operates in two business segments: the Food Division and Food-Infra Division. The firm markets its products under the Pravin, Navin, Toofan, and Suhana-Pravin brands. The firm also exports frozen vegetables, frozen mango pulp, and frozen fruit to the USA, UK, Europe, and Gulf countries.

Chordia Food Products (BOM:519475) Headlines

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