Shoora Designs (BOM:543970) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Shoora Designs 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. Shoora Designs's cash to debt ratio for the quarter that ended in Sep. 2023 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Shoora Designs could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(1) 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.

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

BOM:543970' s Cash-to-Debt Range Over the Past 10 Years
Min: 15.87 Med: No Debt Max: No Debt
Current: 79.03

During the past 3 years, Shoora Designs's highest Cash to Debt Ratio was No Debt. The lowest was 15.87. And the median was No Debt.

BOM:543970's Cash-to-Debt is ranked better than
94.48% of 1106 companies
in the Retail - Cyclical industry
Industry Median: 0.46 vs BOM:543970: 79.03

Shoora Designs Cash-to-Debt Historical Data

The historical data trend for Shoora Designs'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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Shoora Designs Cash-to-Debt Chart

Shoora Designs Annual Data

Trend

Mar21

Mar22

Mar23

Cash-to-Debt

No Debt

49.93

Shoora Designs Quarterly Data
	Mar21	Mar22	Dec22	Mar23	Sep23
Cash-to-Debt	No Debt	No Debt	15.87	49.93	No Debt

Competitive Comparison of Shoora Designs's Cash-to-Debt

For the Luxury Goods subindustry, Shoora Designs'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.

Shoora Designs's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Shoora Designs's Cash-to-Debt distribution charts can be found below:

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

Shoora Designs 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.

Shoora Designs's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 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)
	=	1.498	/	(0.03	+	0)
	=	49.93

Shoora Designs's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Shoora Designs had no debt ⁽¹⁾.

Shoora Designs (BOM:543970) 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.

Shoora Designs Cash-to-Debt Related Terms

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Shoora Designs (BOM:543970) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Shoora Designs Ltd (BOM:543970) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Haththupura char rasta, LT House No.7/3388/A, 6th floor, C/1, 601, Diamond Apartments Co-op Housing Society, Surat, GJ, IND, 395003

Website

https://www.shooradesigns.com

Shoora Designs Ltd is engaged in the business of procuring rough diamonds through suppliers, internally planning and mapping rough diamonds, and out-souring the process of cleaving, laser cutting, and polishing from local job-workers in the domestic market of Surat, and is selling the said polished cut-diamonds to the wholesalers or retailers with business concentration pre-dominantly in Surat, Gujarat, and the newly-explored market of Mumbai, Maharashtra.

Shoora Designs (BOM:543970) Headlines

No Headlines

Shoora Designs (BOM:543970) Cash-to-Debt : No Debt (1) (As of Sep. 2023)