Asian Granito India (BOM:532888) Cash-to-Debt : 0.62 (As of Mar. 2024)

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What is Asian Granito 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. Asian Granito India's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.62.

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

BOM:532888' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.1 Max: 1
Current: 0.62

During the past 13 years, Asian Granito India's highest Cash to Debt Ratio was 1.00. The lowest was 0.05. And the median was 0.10.

BOM:532888's Cash-to-Debt is ranked worse than
50.36% of 1672 companies
in the Construction industry
Industry Median: 0.63 vs BOM:532888: 0.62

Asian Granito India Cash-to-Debt Historical Data

The historical data trend for Asian Granito 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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Asian Granito India Cash-to-Debt Chart

Asian Granito India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.09

0.15

0.56

1.00

0.62

Asian Granito 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															1.00	N/A	0.76	N/A	0.62

Competitive Comparison of Asian Granito India's Cash-to-Debt

For the Building Products & Equipment subindustry, Asian Granito 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.

Asian Granito India's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Asian Granito India's Cash-to-Debt distribution charts can be found below:

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

Asian Granito 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.

Asian Granito 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)
	=	1533.841	/	(1166.875	+	1315.178)
	=	0.62

Asian Granito 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)
	=	1533.841	/	(1166.875	+	1315.178)
	=	0.62

Asian Granito India (BOM:532888) 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.

Asian Granito India Cash-to-Debt Related Terms

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

Asian Granito India (BOM:532888) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Asian Granito India Ltd (BOM:532888) » Definitions » Cash-to-Debt

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ASIANTILES:India

Address

S.G. Highway, 202, Dev Arc, Opposite Iskon Temple, Ahmedabad, GJ, IND, 380059

Website

https://www.aglasiangranito.com

Asian Granito India Ltd is engaged in manufacturing and selling of wall and floor tiles. The company products portfolio include vitrified tiles, ceramic wall tiles, marbles stones, grestek, crystal collection, aquart and quartz stones where some are exported to various countries such as United States, Africa, Gulf, and the Middle East countries. The Company has only one reportable segment viz, Tiles & Marbles. Firm's majority revenue gets generated through sales in the Indian market.

Asian Granito India (BOM:532888) Headlines

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