Gokul Refoils & Solvent (NSE:GOKUL) Cash-to-Debt : 0.37 (As of Mar. 2024)

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What is Gokul Refoils & Solvent 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. Gokul Refoils & Solvent's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.37.

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, Gokul Refoils & Solvent couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Gokul Refoils & Solvent's Cash-to-Debt or its related term are showing as below:

NSE:GOKUL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.16 Max: 0.42
Current: 0.37

During the past 13 years, Gokul Refoils & Solvent's highest Cash to Debt Ratio was 0.42. The lowest was 0.02. And the median was 0.16.

NSE:GOKUL's Cash-to-Debt is ranked worse than
56.74% of 1870 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs NSE:GOKUL: 0.37

Gokul Refoils & Solvent Cash-to-Debt Historical Data

The historical data trend for Gokul Refoils & Solvent'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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Gokul Refoils & Solvent Cash-to-Debt Chart

Gokul Refoils & Solvent Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.24

0.14

0.02

0.12

0.37

Gokul Refoils & Solvent Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.12	N/A	0.38	N/A	0.37

Competitive Comparison of Gokul Refoils & Solvent's Cash-to-Debt

For the Packaged Foods subindustry, Gokul Refoils & Solvent'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.

Gokul Refoils & Solvent's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Gokul Refoils & Solvent's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Gokul Refoils & Solvent's Cash-to-Debt falls into.

Gokul Refoils & Solvent 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.

Gokul Refoils & Solvent'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)
	=	1230.552	/	(3161.162	+	186.148)
	=	0.37

Gokul Refoils & Solvent's Cash to Debt Ratio for the quarter 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)
	=	1230.552	/	(3161.162	+	186.148)
	=	0.37

Gokul Refoils & Solvent (NSE:GOKUL) 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.

Gokul Refoils & Solvent Cash-to-Debt Related Terms

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

Gokul Refoils & Solvent (NSE:GOKUL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Gokul Refoils & Solvent Ltd (NSE:GOKUL) » Definitions » Cash-to-Debt

Traded in Other Exchanges

532980:India

Address

Near Tapovan Circle, Gandhinagar Highway, Office No. 501, Fifth Floor, Block A, Gokul Pratham, Ahmedabad, GJ, IND, 382424

Website

http://www.gokulgroup.com

Gokul Refoils & Solvent Ltd is an India-based company engaged in agro-based commodities. It is engaged in the business of seed processing, solvent extraction, and refining of edible oils such as soya bean oil, cottonseed oil, palm oil (palm olein), sunflower oil, mustard oil, groundnut oil, vanaspati, and industrial oil such as castor oil. The company has one operating segment, which is dealing in edible-non-edible oils and related activities.

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