Cool Caps Industries (NSE:COOLCAPS) Cash-to-Debt : 0.01 (As of Mar. 2023)

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What is Cool Caps Industries 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. Cool Caps Industries's cash to debt ratio for the quarter that ended in Mar. 2023 was 0.01.

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, Cool Caps Industries couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

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

NSE:COOLCAPS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.11
Current: 0.01

During the past 6 years, Cool Caps Industries's highest Cash to Debt Ratio was 0.11. The lowest was 0.01. And the median was 0.01.

NSE:COOLCAPS's Cash-to-Debt is ranked worse than
95.43% of 394 companies
in the Packaging & Containers industry
Industry Median: 0.38 vs NSE:COOLCAPS: 0.01

Cool Caps Industries Cash-to-Debt Historical Data

The historical data trend for Cool Caps Industries'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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Cool Caps Industries Cash-to-Debt Chart

Cool Caps Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.06

0.01

0.02

0.01

Cool Caps Industries Quarterly Data
	Mar19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial							N/A	0.01	N/A	0.01	0.01

Competitive Comparison of Cool Caps Industries's Cash-to-Debt

For the Packaging & Containers subindustry, Cool Caps Industries'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.

Cool Caps Industries's Cash-to-Debt Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Cool Caps Industries's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Cool Caps Industries's Cash-to-Debt falls into.

Cool Caps Industries 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.

Cool Caps Industries'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)
	=	10.423	/	(386.966	+	729.94)
	=	0.01

Cool Caps Industries's Cash to Debt Ratio for the quarter 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)
	=	3.507	/	(272.093	+	432.635)
	=	0.00

Cool Caps Industries (NSE:COOLCAPS) 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.

Cool Caps Industries Cash-to-Debt Related Terms

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

Cool Caps Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Cool Caps Industries Ltd (NSE:COOLCAPS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

23, Sarat Bose Road, Annapurna Apartment, 1st Floor, Flat No. 1C, Kolkata, WB, IND, 700020

Website

https://www.coolcapsindustries.in

Cool Caps Industries Ltd is engaged in the business of manufacturing a range of plastic bottle caps and closures such as plastic soda bottle caps, plastic soft drink bottle caps, plastic mineral water bottle caps and plastic juice bottle caps.

Cool Caps Industries Headlines

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