Hayleys Fabric (COL:MGT.N0000) Cash-to-Debt : 0.29 (As of Mar. 2024)

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What is Hayleys Fabric 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. Hayleys Fabric's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.29.

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

COL:MGT.N0000' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.09 Max: 0.29
Current: 0.29

During the past 13 years, Hayleys Fabric's highest Cash to Debt Ratio was 0.29. The lowest was 0.02. And the median was 0.09.

COL:MGT.N0000's Cash-to-Debt is ranked worse than
61.63% of 1032 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs COL:MGT.N0000: 0.29

Hayleys Fabric Cash-to-Debt Historical Data

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

Hayleys Fabric Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.03

0.19

0.23

0.11

0.29

Hayleys Fabric Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.11	0.22	0.35	0.32	0.29

Competitive Comparison of Hayleys Fabric's Cash-to-Debt

For the Textile Manufacturing subindustry, Hayleys Fabric'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.

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

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

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

Hayleys Fabric 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.

Hayleys Fabric'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)
	=	3366.222	/	(6493.154	+	5207.387)
	=	0.29

Hayleys Fabric'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)
	=	3366.222	/	(6493.154	+	5207.387)
	=	0.29

Hayleys Fabric (COL:MGT.N0000) 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.

Hayleys Fabric Cash-to-Debt Related Terms

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

Hayleys Fabric (COL:MGT.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hayleys Fabric PLC (COL:MGT.N0000) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Narthupana Estate, Neboda, LKA

Website

https://www.hayleysfabric.com

Hayleys Fabric PLC is engaged in manufacturing, distribution, and trading of Fabric materials and related products. In addition, the company also provides services like circular knitting of fabric, fabric dyeing and finishing, fabric printing, brushing, and sueding. The company product portfolio includes products like diversified weft knit, polyester fabrics, nylon fabric, and various other fabric products. The company possesses market recognition under the brand name INNO. Most of its revenue comes from the Sri Lankan market.

Hayleys Fabric (COL:MGT.N0000) Headlines

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