Arihant Academy (NSE:ARIHANTACA) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Arihant Academy 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. Arihant Academy's cash to debt ratio for the quarter that ended in Sep. 2023 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Arihant Academy could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(1) 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.

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

NSE:ARIHANTACA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.41 Med: 2.42 Max: No Debt
Current: No Debt

During the past 4 years, Arihant Academy's highest Cash to Debt Ratio was No Debt. The lowest was 0.41. And the median was 2.42.

NSE:ARIHANTACA's Cash-to-Debt is ranked better than
99.62% of 262 companies
in the Education industry
Industry Median: 1.235 vs NSE:ARIHANTACA: No Debt

Arihant Academy Cash-to-Debt Historical Data

The historical data trend for Arihant Academy'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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Arihant Academy Cash-to-Debt Chart

Arihant Academy Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

0.41

1.10

2.42

No Debt

Arihant Academy Quarterly Data
	Mar20	Mar21	Mar22	Sep22	Dec22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial			2.42	N/A	N/A	No Debt	No Debt

Competitive Comparison of Arihant Academy's Cash-to-Debt

For the Education & Training Services subindustry, Arihant Academy'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.

Arihant Academy's Cash-to-Debt Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Arihant Academy's Cash-to-Debt distribution charts can be found below:

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

Arihant Academy 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.

Arihant Academy's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Arihant Academy had no debt ⁽¹⁾.

Arihant Academy's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Arihant Academy had no debt ⁽¹⁾.

Arihant Academy (NSE:ARIHANTACA) 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.

Arihant Academy Cash-to-Debt Related Terms

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

Arihant Academy (NSE:ARIHANTACA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Arihant Academy Ltd (NSE:ARIHANTACA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Carter Road No. 3, Ground Floor, Triveni Sadan, Opposite Ambe Mata Temple, Borivali (East), Mumbai, MH, IND, 400 066

Website

https://www.arihantacademy.com

Arihant Academy Ltd is engaged in providing coaching services and parallel educational support in India. It is a coaching institute for SSC, ICSE, Science & Commerce, and also for entrance exams such as JEE (Main), JEE (Advanced) and MHT- CET (State level), NEET (National Level), MHT- CET (State Level, Maharashtra), CS and CA for the entry-level and second level exam. The company generates key revenue from coaching services. It provides a comprehensive range of coaching services to students across various fields: Secondary School Section (SSC, ICSE & CBSE BOARD) and Higher Secondary Section.

Arihant Academy (NSE:ARIHANTACA) Headlines

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Arihant Academy (NSE:ARIHANTACA) Cash-to-Debt : No Debt (1) (As of Sep. 2023)