Gretex Industries (NSE:GRETEX) Cash-to-Debt : 0.06 (As of Mar. 2023)

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What is Gretex 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. Gretex Industries's cash to debt ratio for the quarter that ended in Mar. 2023 was 0.06.

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

NSE:GRETEX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.77 Max: 17.26
Current: 1.18

During the past 9 years, Gretex Industries's highest Cash to Debt Ratio was 17.26. The lowest was 0.06. And the median was 0.77.

NSE:GRETEX's Cash-to-Debt is ranked better than
61.87% of 813 companies
in the Travel & Leisure industry
Industry Median: 0.57 vs NSE:GRETEX: 1.18

Gretex Industries Cash-to-Debt Historical Data

The historical data trend for Gretex 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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Gretex Industries Cash-to-Debt Chart

Gretex Industries Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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6.73

17.26

0.77

0.06

1.18

Gretex Industries Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Mar23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial									17.26	No Debt	0.77	0.06	1.18

Competitive Comparison of Gretex Industries's Cash-to-Debt

For the Leisure subindustry, Gretex 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.

Gretex Industries's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Gretex Industries's Cash-to-Debt distribution charts can be found below:

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

Gretex 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.

Gretex 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)
	=	12.441	/	(10.55	+	0)
	=	1.18

Gretex 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)
	=	2.752	/	(44.412	+	0)
	=	0.06

Gretex Industries (NSE:GRETEX) 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.

Gretex Industries Cash-to-Debt Related Terms

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Gretex Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Gretex Industries Ltd (NSE:GRETEX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

90, Phears Lane, 5th Floor, Kolkata, WB, IND, 700 012

Website

https://www.gretexindustries.com

Gretex Industries Ltd is engaged in the trading of musical instruments. The company's range of musical instruments includes; guitars, keyboards, piano, flute, violins, drums, and other percussion instruments. It also deals in equipment like microphones, headphones, amplifiers, studio monitor speakers, loudspeakers, mixers, and all types of accessories for pro audio and recording. The company is a distributor of brands like Yamaha, Daddario, Harman and Sennheiser, Alphatech, and among others.

Gretex Industries Headlines

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