Shanti Spintex (BOM:544059) Cash-to-Debt : 0.37 (As of Sep. 2024)

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What is Shanti Spintex 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. Shanti Spintex's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.37.

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

BOM:544059' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.13 Max: 0.37
Current: 0.37

During the past 4 years, Shanti Spintex's highest Cash to Debt Ratio was 0.37. The lowest was 0.06. And the median was 0.13.

BOM:544059's Cash-to-Debt is ranked worse than
55.15% of 1019 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.47 vs BOM:544059: 0.37

Shanti Spintex Cash-to-Debt Historical Data

The historical data trend for Shanti Spintex'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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Shanti Spintex Cash-to-Debt Chart

Shanti Spintex Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

0.14

0.06

0.12

0.23

Shanti Spintex Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial			0.06	0.12	0.09	0.23	0.37

Competitive Comparison of Shanti Spintex's Cash-to-Debt

For the Textile Manufacturing subindustry, Shanti Spintex'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.

Shanti Spintex's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shanti Spintex's Cash-to-Debt distribution charts can be found below:

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

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Shanti Spintex 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.

Shanti Spintex'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)
	=	50.324	/	(77.364	+	144.774)
	=	0.23

Shanti Spintex'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)
	=	72.801	/	(66.267	+	131.137)
	=	0.37

Shanti Spintex (BOM:544059) 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.

Shanti Spintex Cash-to-Debt Related Terms

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

Shanti Spintex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shanti Spintex Ltd (BOM:544059) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

A -1601, Navratna Corporate Park, Ambli Bopal Road, Ahmedabad, GJ, IND, 380058

Website

https://www.shantispintex.com

Shanti Spintex Ltd is engaged in the Manufacturing and selling of Cotton Yarn and Fabrics. It manufactures various types of denim fabrics such as power stretch spandex denim, knit denim, lightweight denim, rigid denim, over-dyed denim, and flat finish 3/1 denim and also offers denim fabrics in a diverse spectrum of shades such as indigo blue, IBST, sulphur black, sulphur grey, etc. The Company's operations encompass the utilization of diverse types of yarns such as cotton yarn, ring yarn, viscose yarn, slub yarn, cotton spandex, polyester spandex, tencel, lyocell, etc. The Company is currently organized into two operating activities - 1. Textile Manufacturing and 2. Windmill Operations. The company generates the majority of its revenue from the Textile segment.

Shanti Spintex Headlines

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