Hi-Tech Lubricants (KAR:HTL) Cash-to-Debt : 0.12 (As of Sep. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Hi-Tech Lubricants 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. Hi-Tech Lubricants's cash to debt ratio for the quarter that ended in Sep. 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, Hi-Tech Lubricants 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 Hi-Tech Lubricants's Cash-to-Debt or its related term are showing as below:

KAR:HTL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.41 Max: 2.72
Current: 0.12

During the past 10 years, Hi-Tech Lubricants's highest Cash to Debt Ratio was 2.72. The lowest was 0.12. And the median was 0.41.

KAR:HTL's Cash-to-Debt is ranked worse than
78.29% of 995 companies
in the Oil & Gas industry
Industry Median: 0.53 vs KAR:HTL: 0.12

Hi-Tech Lubricants Cash-to-Debt Historical Data

The historical data trend for Hi-Tech Lubricants'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.

* Premium members only.

Hi-Tech Lubricants Cash-to-Debt Chart

Hi-Tech Lubricants Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

Get a 7-Day Free Trial

0.68

0.67

0.29

0.13

0.19

Hi-Tech Lubricants Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.13	0.14	0.19	0.19	0.12

Competitive Comparison of Hi-Tech Lubricants's Cash-to-Debt

For the Oil & Gas Refining & Marketing subindustry, Hi-Tech Lubricants'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.

Hi-Tech Lubricants's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hi-Tech Lubricants's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hi-Tech Lubricants's Cash-to-Debt falls into.

Hi-Tech Lubricants 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.

Hi-Tech Lubricants's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	634.03	/	(2305.966	+	1001.687)
	=	0.19

Hi-Tech Lubricants'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)
	=	433.275	/	(2670.565	+	949.386)
	=	0.12

Hi-Tech Lubricants (KAR:HTL) 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.

Hi-Tech Lubricants Cash-to-Debt Related Terms

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

Hi-Tech Lubricants Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hi-Tech Lubricants Ltd (KAR:HTL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-A, Danepur Road, G.O.R-1, Lahore, PB, PAK

Website

https://www.hitechlubricants.com

Hi-Tech Lubricants Ltd is a company whose principal activity is to procure and distribute lubricants and petroleum products. It serves Automotive, Industrial and Marine segments. It has three reportable segments being Lubricants, polymer and Petroleum products. The company generates the majority of its revenue from petroleum products.

Hi-Tech Lubricants Headlines

No Headlines