Liberty Shoes (BOM:526596) Cash-to-Debt : 0.03 (As of Sep. 2024)

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What is Liberty Shoes 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. Liberty Shoes's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.03.

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, Liberty Shoes couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

BOM:526596' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.07
Current: 0.03

During the past 13 years, Liberty Shoes's highest Cash to Debt Ratio was 0.07. The lowest was 0.01. And the median was 0.03.

BOM:526596's Cash-to-Debt is ranked worse than
88.01% of 1026 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.46 vs BOM:526596: 0.03

Liberty Shoes Cash-to-Debt Historical Data

The historical data trend for Liberty Shoes'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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Liberty Shoes Cash-to-Debt Chart

Liberty Shoes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.01

0.02

Liberty Shoes 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															0.03	N/A	0.02	N/A	0.03

Competitive Comparison of Liberty Shoes's Cash-to-Debt

For the Footwear & Accessories subindustry, Liberty Shoes'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.

Liberty Shoes's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Liberty Shoes 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.

Liberty Shoes'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)
	=	26.286	/	(696.096	+	776.978)
	=	0.02

Liberty Shoes's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	35.927	/	(370.634	+	736.837)
	=	0.03

Liberty Shoes (BOM:526596) 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.

Liberty Shoes Cash-to-Debt Related Terms

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

Liberty Shoes Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Liberty Shoes Ltd (BOM:526596) » Definitions » Cash-to-Debt

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LIBERTSHOE:India

Address

Liberty Road, Liberty House, P.O. Box No 103, Karnal, HR, IND, 132001

Website

https://www.libertyshoes.com

Liberty Shoes Ltd is involved in the footwear industry. The company has only one business segment which is Footwear. It is also engaged in the business of manufacturing and trading footwear and accessories through its retail and wholesale network. The product line of the company consists of Healers, Fortune, Force10, Senorita, Gliders, AHA, Coolers, Prefect, Lear, Senorita, and Footfun.

Liberty Shoes Headlines

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