Sapphire Textile Mills (KAR:SAPT) Cash-to-Debt : 0.36 (As of Dec. 2024)

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What is Sapphire Textile 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. Sapphire Textile Mills's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.36.

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, Sapphire Textile Mills couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

KAR:SAPT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.22 Max: 0.42
Current: 0.36

During the past 13 years, Sapphire Textile Mills's highest Cash to Debt Ratio was 0.42. The lowest was 0.12. And the median was 0.22.

KAR:SAPT's Cash-to-Debt is ranked worse than
56.08% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.465 vs KAR:SAPT: 0.36

Sapphire Textile Mills Cash-to-Debt Historical Data

The historical data trend for Sapphire Textile 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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Sapphire Textile Mills Cash-to-Debt Chart

Sapphire Textile Mills Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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0.13

0.19

0.13

0.18

0.28

Sapphire Textile Mills Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.26	0.35	0.28	0.39	0.36

Competitive Comparison of Sapphire Textile Mills's Cash-to-Debt

For the Textile Manufacturing subindustry, Sapphire Textile 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.

Sapphire Textile Mills's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

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Sapphire Textile 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.

Sapphire Textile Mills'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)
	=	22013.961	/	(28407.695	+	49257.063)
	=	0.28

Sapphire Textile Mills's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	25894.616	/	(27688.273	+	43439.766)
	=	0.36

Sapphire Textile Mills (KAR:SAPT) 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.

Sapphire Textile Mills Cash-to-Debt Related Terms

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

Sapphire Textile Mills Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sapphire Textile Mills Ltd (KAR:SAPT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

I. I. Chundrigar Road, 212, Cotton Exchange Building, Karachi, SD, PAK

Website

https://www.sapphire.com.pk/stml

Sapphire Textile Mills Ltd is the company mainly involved in the manufacturing and sale of yarn, fabrics, home textile products, finishing and printing of fabrics. Its segments include Spinning, Weaving, Processing, printing, Home Textile Products, Textile Retail, Stitching and Power Generation. Geographically, it generates the majority of the revenue from the domestic market.

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