Advance Syntex (BOM:539982) Cash-to-Debt : 0.00 (As of Sep. 2024)

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What is Advance Syntex 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. Advance Syntex's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.00.

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

During the past 13 years, Advance Syntex's highest Cash to Debt Ratio was 0.26. The lowest was 0.00. And the median was 0.06.

BOM:539982's Cash-to-Debt is not ranked ^*
in the Chemicals industry.
Industry Median: 0.69
* Ranked among companies with meaningful Cash-to-Debt only.

Advance Syntex Cash-to-Debt Historical Data

The historical data trend for Advance Syntex'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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Advance Syntex Cash-to-Debt Chart

Advance Syntex Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.07

0.06

0.03

Advance Syntex 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															-	N/A	-	N/A	-

Competitive Comparison of Advance Syntex's Cash-to-Debt

For the Specialty Chemicals subindustry, Advance Syntex'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.

Advance Syntex's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Advance Syntex's Cash-to-Debt distribution charts can be found below:

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

Advance Syntex 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.

Advance Syntex'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)
	=	0.735	/	(211.815	+	115.66)
	=	0.00

Advance Syntex'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)
	=	0.735	/	(181.302	+	117.249)
	=	0.00

Advance Syntex (BOM:539982) 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.

Advance Syntex Cash-to-Debt Related Terms

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Advance Syntex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Advance Syntex Ltd (BOM:539982) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

GIDC POR, 233/2 & 238/2, Ramangamdi, Vadodara, GJ, IND, 391243

Website

https://www.advancesyntex.com

Advance Syntex Ltd is an India-based manufacturer of other made-up textile goods except for apparel. The company manufactures and exports metallic yarn, lacquer-coated aluminum metalized polyester film, glitter powder, and allied other products. The company's product line includes metalized polyester films, metalized and coated film for metallic yarn, polyester tape films, and coated polyester films; glitter powder for textiles, decorative and clear polyester glitters, and others.

Advance Syntex Headlines

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