Mini Diamonds (India) (BOM:523373) Cash-to-Debt : 0.13 (As of Mar. 2024)

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What is Mini Diamonds (India) 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. Mini Diamonds (India)'s cash to debt ratio for the quarter that ended in Mar. 2024 was 0.13.

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, Mini Diamonds (India) 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 Mini Diamonds (India)'s Cash-to-Debt or its related term are showing as below:

BOM:523373' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.13
Current: 0.13

During the past 13 years, Mini Diamonds (India)'s highest Cash to Debt Ratio was 0.13. The lowest was 0.01. And the median was 0.02.

BOM:523373's Cash-to-Debt is ranked worse than
78.4% of 1111 companies
in the Retail - Cyclical industry
Industry Median: 0.47 vs BOM:523373: 0.13

Mini Diamonds (India) Cash-to-Debt Historical Data

The historical data trend for Mini Diamonds (India)'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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Mini Diamonds (India) Cash-to-Debt Chart

Mini Diamonds (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.02

0.01

0.11

0.02

0.13

Mini Diamonds (India) 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															0.02	N/A	0.01	N/A	0.13

Competitive Comparison of Mini Diamonds (India)'s Cash-to-Debt

For the Luxury Goods subindustry, Mini Diamonds (India)'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.

Mini Diamonds (India)'s Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Mini Diamonds (India)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Mini Diamonds (India)'s Cash-to-Debt falls into.

Mini Diamonds (India) 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.

Mini Diamonds (India)'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)
	=	18.277	/	(145.728	+	0)
	=	0.13

Mini Diamonds (India)'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)
	=	18.277	/	(145.728	+	0)
	=	0.13

Mini Diamonds (India) (BOM:523373) 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.

Mini Diamonds (India) Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Mini Diamonds (India)'s Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Mini Diamonds (India) (BOM:523373) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mini Diamonds (India) Ltd (BOM:523373) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

DW-9020, Bharat Diamond Bourse, Bandra Kurla Complex, Bandra East, Mumbai, MH, IND, 400051

Website

https://www.minidiamonds.net

Mini Diamonds (India) Ltd is an India-based company engaged in Diamonds Trading and Manufacturing. The diamonds provided by the company include Cut and Polished Diamonds with all modern machinery like Sarin Technology, Auto Bruting Machines, Semi Automatic Polishing Mills, Sawing Machines, etc. It operates in one segment which is Jewellery manufacturing.

Mini Diamonds (India) (BOM:523373) Headlines

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