Agarwal Float Glass India (NSE:AGARWALFT) Cash-to-Debt : 0.04 (As of Sep. 2023)

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What is Agarwal Float Glass India 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. Agarwal Float Glass India's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.04.

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, Agarwal Float Glass India couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Agarwal Float Glass India's Cash-to-Debt or its related term are showing as below:

NSE:AGARWALFT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.09
Current: 0.04

During the past 4 years, Agarwal Float Glass India's highest Cash to Debt Ratio was 0.09. The lowest was 0.00. And the median was 0.04.

NSE:AGARWALFT's Cash-to-Debt is ranked worse than
92.97% of 384 companies
in the Building Materials industry
Industry Median: 0.47 vs NSE:AGARWALFT: 0.04

Agarwal Float Glass India Cash-to-Debt Historical Data

The historical data trend for Agarwal Float Glass India'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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Agarwal Float Glass India Cash-to-Debt Chart

Agarwal Float Glass India Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

0.05

0.03

0.07

Agarwal Float Glass India Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial			-	0.03	0.09	0.07	0.04

Competitive Comparison of Agarwal Float Glass India's Cash-to-Debt

For the Building Materials subindustry, Agarwal Float Glass India'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.

Agarwal Float Glass India's Cash-to-Debt Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Agarwal Float Glass India's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Agarwal Float Glass India's Cash-to-Debt falls into.

Agarwal Float Glass India 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.

Agarwal Float Glass India's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 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)
	=	6.595	/	(72.055	+	17.757)
	=	0.07

Agarwal Float Glass India's Cash to Debt Ratio for the quarter that ended in Sep. 2023 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)
	=	4.755	/	(103.177	+	15.026)
	=	0.04

Agarwal Float Glass India (NSE:AGARWALFT) 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.

Agarwal Float Glass India Cash-to-Debt Related Terms

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

Agarwal Float Glass India (NSE:AGARWALFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Agarwal Float Glass India Ltd (NSE:AGARWALFT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

H-1/790, Sitapura Industrial Area Ext., Near Fire Bridge Office, Jaipur, RJ, IND, 302022

Website

https://www.agarwalfloat.com

Agarwal Float Glass India Ltd is engaged in the business of trading of glass and specialized glass products. The company procures quality products from manufacturers and thereafter sells the same through the sales managers or directly to customers, as a wholesaler of glass and glass products. The products are utilized in varied areas like office buildings, hotels, institutions, banks, insurance companies, shopping malls, diplomatic residences, and many others as per suitability. The product portfolio ranges between clear glass, different kinds of value-added glass products and processed glass products, of varying thicknesses.

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