Eveready Industries India (BOM:531508) Cash-to-Debt : 0.11 (As of Mar. 2024)

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What is Eveready Industries 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. Eveready Industries India's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.11.

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, Eveready Industries 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 Eveready Industries India's Cash-to-Debt or its related term are showing as below:

BOM:531508' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.07 Max: 0.18
Current: 0.11

During the past 13 years, Eveready Industries India's highest Cash to Debt Ratio was 0.18. The lowest was 0.02. And the median was 0.07.

BOM:531508's Cash-to-Debt is ranked worse than
90.95% of 3005 companies
in the Industrial Products industry
Industry Median: 1.23 vs BOM:531508: 0.11

Eveready Industries India Cash-to-Debt Historical Data

The historical data trend for Eveready Industries 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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Eveready Industries India Cash-to-Debt Chart

Eveready Industries India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.10

0.07

0.02

0.03

0.11

Eveready Industries 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															0.03	N/A	0.13	N/A	0.11

Competitive Comparison of Eveready Industries India's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Eveready Industries 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.

Eveready Industries India's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Eveready Industries India's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Eveready Industries India's Cash-to-Debt falls into.

Eveready Industries 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.

Eveready Industries 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)
	=	348.6	/	(1473.2	+	1592.1)
	=	0.11

Eveready Industries 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)
	=	348.6	/	(1473.2	+	1592.1)
	=	0.11

Eveready Industries India (BOM:531508) 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.

Eveready Industries India Cash-to-Debt Related Terms

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

Eveready Industries India (BOM:531508) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Eveready Industries India Ltd (BOM:531508) » Definitions » Cash-to-Debt

Traded in Other Exchanges

EVEREADY:India

Address

2, Rainey Park, Kolkata, WB, IND, 700 019

Website

https://www.evereadyindia.com

Eveready Industries India Ltd is an FMCG company. The Company is engaged in the business of marketing of dry cell batteries, rechargeable batteries, flashlights and lighting products which come under a single business segment known as Consumer Goods. It manufactures and markets dry cell and rechargeable batteries, flashlights, and lanterns, packet tea, LED bulbs and luminaries, devices like mobile power banks, rechargeable fans, and radio and small home appliances. The firm markets these products under Eveready, Powercell, Uniross, Tez, Jaago and Premium gold brands. It has manufacturing facilities in Chennai, Lucknow, Noida, Haridwar, Maddur, and Kolkata.

Eveready Industries India (BOM:531508) Headlines

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