HOAC Foods India (NSE:HOACFOODS) Cash-to-Debt : 0.18 (As of Mar. 2023)

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What is HOAC Foods India 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. HOAC Foods India's cash to debt ratio for the quarter that ended in Mar. 2023 was 0.18.

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, HOAC Foods India 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 HOAC Foods India's Cash-to-Debt or its related term are showing as below:

NSE:HOACFOODS's Cash-to-Debt is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 0.52
* Ranked among companies with meaningful Cash-to-Debt only.

HOAC Foods India Cash-to-Debt Historical Data

The historical data trend for HOAC Foods India'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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HOAC Foods India Cash-to-Debt Chart

HOAC Foods India Annual Data

Trend

Mar21

Mar22

Mar23

Cash-to-Debt

0.44

0.41

0.18

HOAC Foods India Semi-Annual Data
	Mar21	Mar22	Mar23
Cash-to-Debt	0.44	0.41	0.18

Competitive Comparison of HOAC Foods India's Cash-to-Debt

For the Farm Products subindustry, HOAC Foods India'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.

HOAC Foods India's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where HOAC Foods India's Cash-to-Debt falls into.

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HOAC Foods India 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.

HOAC Foods India'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)
	=	3.333	/	(14.022	+	5.015)
	=	0.18

HOAC Foods India'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)
	=	3.333	/	(14.022	+	5.015)
	=	0.18

HOAC Foods India (NSE:HOACFOODS) 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.

HOAC Foods India Cash-to-Debt Related Terms

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HOAC Foods India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » HOAC Foods India Ltd (NSE:HOACFOODS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

D-498, 1st Floor Palam Extension, Sector-7 Dwarka, Raj Nagar - II, South West Delhi, New Delhi, IND, 110077

Website

https://www.hoacfoodsindia.com

HOAC Foods India Ltd is engaged in the manufacturing of flour (chakki atta), herbs & spices, unpolished pulses, grains, and yellow mustard oil. Its product portfolio is comprised of 4 categories which include products such as Spices & Herbs, Oil, Wheat Flour (Chakki Atta) & Healthy Flour, Pulses, Rice & Grain, and other food products with 153 product SKUs. The company sells its product under the brand name "HARIOM," and most of the sales are derived from the Delhi-NCR region. The franchise network comprises 4 company-owned outlets and 6 franchise-owned outlets.

HOAC Foods India Headlines

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