TPL Plastech (BOM:526582) Cash-to-Debt : 0.18 (As of Mar. 2024)

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What is TPL Plastech 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. TPL Plastech's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.18.

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, TPL Plastech 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 TPL Plastech's Cash-to-Debt or its related term are showing as below:

BOM:526582' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.07 Max: 0.2
Current: 0.18

During the past 13 years, TPL Plastech's highest Cash to Debt Ratio was 0.20. The lowest was 0.01. And the median was 0.07.

BOM:526582's Cash-to-Debt is ranked worse than
68.73% of 387 companies
in the Packaging & Containers industry
Industry Median: 0.4 vs BOM:526582: 0.18

TPL Plastech Cash-to-Debt Historical Data

The historical data trend for TPL Plastech'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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TPL Plastech Cash-to-Debt Chart

TPL Plastech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.12

0.13

0.20

0.10

0.18

TPL Plastech 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															0.10	N/A	0.14	N/A	0.18

Competitive Comparison of TPL Plastech's Cash-to-Debt

For the Packaging & Containers subindustry, TPL Plastech'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.

TPL Plastech's Cash-to-Debt Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, TPL Plastech's Cash-to-Debt distribution charts can be found below:

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

TPL Plastech 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.

TPL Plastech'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)
	=	55.084	/	(148.298	+	157.335)
	=	0.18

TPL Plastech'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)
	=	55.084	/	(148.298	+	157.335)
	=	0.18

TPL Plastech (BOM:526582) 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.

TPL Plastech Cash-to-Debt Related Terms

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TPL Plastech (BOM:526582) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » TPL Plastech Ltd (BOM:526582) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

TPLPLASTEH:India

Address

Andheri Kurla Road, 203, 2nd Floor, Centre Point, Near J B Nagar Chakala Metro Station, J B Nagar, , Andheri (East), Mumbai, MH, IND, 400059

Website

https://www.tplplastech.in

TPL Plastech Ltd is a manufacturer of plastic drums in India. The company's product includes Narrow mouth drums; Narrow mouth and Wide Mouth Carboys; Open Top Drums - Bulk and Medium; QuBC and COBO IBC and small pack. The Company's operations fall under a single segment which is Polymer Products and all its business operations are in India.

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