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Mahalaxmi Fabric Mills (BOM:544233) Cash-to-Debt : 0.47 (As of Sep. 2024)


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What is Mahalaxmi Fabric Mills 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. Mahalaxmi Fabric Mills's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.47.

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, Mahalaxmi Fabric Mills 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 Mahalaxmi Fabric Mills's Cash-to-Debt or its related term are showing as below:

BOM:544233' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.47   Med: 0.55   Max: 0.7
Current: 0.47

During the past 3 years, Mahalaxmi Fabric Mills's highest Cash to Debt Ratio was 0.70. The lowest was 0.47. And the median was 0.55.

BOM:544233's Cash-to-Debt is ranked worse than
50.15% of 1017 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs BOM:544233: 0.47

Mahalaxmi Fabric Mills Cash-to-Debt Historical Data

The historical data trend for Mahalaxmi Fabric Mills'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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Mahalaxmi Fabric Mills Cash-to-Debt Chart

Mahalaxmi Fabric Mills Annual Data
Trend Mar22 Mar23 Mar24
Cash-to-Debt
0.90 0.70 0.55

Mahalaxmi Fabric Mills Semi-Annual Data
Mar23 Sep23 Mar24 Sep24
Cash-to-Debt 0.70 N/A 0.55 0.47

Competitive Comparison of Mahalaxmi Fabric Mills's Cash-to-Debt

For the Textile Manufacturing subindustry, Mahalaxmi Fabric Mills'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.


Mahalaxmi Fabric Mills's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Mahalaxmi Fabric Mills's Cash-to-Debt falls into.



Mahalaxmi Fabric Mills 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.

Mahalaxmi Fabric Mills's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Mahalaxmi Fabric Mills's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

* 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.


Mahalaxmi Fabric Mills  (BOM:544233) 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.


Mahalaxmi Fabric Mills Cash-to-Debt Related Terms

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Mahalaxmi Fabric Mills Business Description

Traded in Other Exchanges
Address
Polytechnic Road, YSL Avenue, Opposite Ketav Petrol Pump, Mahalaxmi House, Ambawadi, Ahmedabad, GJ, IND, 380 015
Mahalaxmi Fabric Mills Ltd is engaged in the textile market. The company operated in only one segment i.e manufacturing and trading of traditional textile. Company's revenue is derived primarily from sale of goods.

Mahalaxmi Fabric Mills Headlines

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