Goel Food Products (BOM:543538) Cash-to-Debt : 0.12 (As of Mar. 2024)

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What is Goel Food Products 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. Goel Food Products's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.12.

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, Goel Food Products 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 Goel Food Products's Cash-to-Debt or its related term are showing as below:

BOM:543538' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.1 Max: 0.19
Current: 0.12

During the past 6 years, Goel Food Products's highest Cash to Debt Ratio was 0.19. The lowest was 0.02. And the median was 0.10.

BOM:543538's Cash-to-Debt is ranked worse than
77.36% of 1873 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs BOM:543538: 0.12

Goel Food Products Cash-to-Debt Historical Data

The historical data trend for Goel Food Products'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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Goel Food Products Cash-to-Debt Chart

Goel Food Products Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.19

0.11

0.10

0.05

0.12

Goel Food Products Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial				0.10	0.05	0.05	0.04	0.12

Competitive Comparison of Goel Food Products's Cash-to-Debt

For the Packaged Foods subindustry, Goel Food Products'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.

Goel Food Products's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Goel Food Products's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Goel Food Products's Cash-to-Debt falls into.

Goel Food Products 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.

Goel Food Products'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)
	=	35.122	/	(32.973	+	263.209)
	=	0.12

Goel Food Products'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)
	=	35.122	/	(32.973	+	263.209)
	=	0.12

Goel Food Products (BOM:543538) 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.

Goel Food Products Cash-to-Debt Related Terms

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

Goel Food Products (BOM:543538) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Goel Food Products Ltd (BOM:543538) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

76/1/2, Golaghata Road, Kolkata, WB, IND, 700048

Website

https://www.bika.co.in

Goel Food Products Ltd is engaged in the business of manufacturing Indian Snacks and Sweets. The company provide services such as organizing events like Marriages, Sangeet, Ring Ceremony, Birthday Parties, Anniversary Parties, Kitty Parties, Corporate Events, Kirtans (Devotional Singing), Thread Ceremony at the banquets hall and serves Indian snack and Sweets at the company retail shop. The company also generates rent income the hotels and guest house. It operates and manages the banquet and Indian snacks and sweets shop business under the name "BIKA" at various locations in Kolkata.

Goel Food Products (BOM:543538) Headlines

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