Dollex Agrotech (NSE:DOLLEX) Cash-to-Debt : 0.03 (As of Sep. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Dollex Agrotech 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. Dollex Agrotech's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.03.

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, Dollex Agrotech 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 Dollex Agrotech's Cash-to-Debt or its related term are showing as below:

NSE:DOLLEX' s Cash-to-Debt Range Over the Past 10 Years
Min: -0.03 Med: 0.03 Max: 0.13
Current: 0.03

During the past 4 years, Dollex Agrotech's highest Cash to Debt Ratio was 0.13. The lowest was -0.03. And the median was 0.03.

NSE:DOLLEX's Cash-to-Debt is ranked worse than
91.85% of 1815 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs NSE:DOLLEX: 0.03

Dollex Agrotech Cash-to-Debt Historical Data

The historical data trend for Dollex Agrotech'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.

Dollex Agrotech Cash-to-Debt Chart

Dollex Agrotech Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

-0.03

0.05

0.13

0.02

Dollex Agrotech Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial			0.05	0.13	N/A	0.02	0.03

Competitive Comparison of Dollex Agrotech's Cash-to-Debt

For the Confectioners subindustry, Dollex Agrotech'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.

Dollex Agrotech's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Dollex Agrotech's Cash-to-Debt distribution charts can be found below:

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

Dollex Agrotech 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.

Dollex Agrotech'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)
	=	8.062	/	(100.767	+	328.433)
	=	0.02

Dollex Agrotech'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)
	=	13.694	/	(79.038	+	367.292)
	=	0.03

Dollex Agrotech (NSE:DOLLEX) 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.

Dollex Agrotech Cash-to-Debt Related Terms

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

Dollex Agrotech (NSE:DOLLEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Dollex Agrotech Ltd (NSE:DOLLEX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

19/1 Manorama Ganj, 205, Naroli Arcade, Near Palasia Square, Indore, MP, IND, 452001

Website

https://www.dollex.in

Dollex Agrotech Ltd is engaged in the business of manufacturing and trading sugar with captive power cogeneration capabilities. The company also produces and sells its by-products such as molasses, pressed, and bagasse. The bagasse is used to generate power. Further, it is engaged in power generation up to the captive power of 3 MW.

Dollex Agrotech (NSE:DOLLEX) Headlines

No Headlines