Italian Edibles (NSE:ITALIANE) Cash-to-Debt : 0.01 (As of Mar. 2023)

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What is Italian Edibles 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. Italian Edibles'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, Italian Edibles 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 Italian Edibles's Cash-to-Debt or its related term are showing as below:

NSE:ITALIANE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.24
Current: 0.01

During the past 3 years, Italian Edibles's highest Cash to Debt Ratio was 0.24. The lowest was 0.01. And the median was 0.02.

NSE:ITALIANE's Cash-to-Debt is ranked worse than
96.38% of 1876 companies
in the Consumer Packaged Goods industry
Industry Median: 0.505 vs NSE:ITALIANE: 0.01

Italian Edibles Cash-to-Debt Historical Data

The historical data trend for Italian Edibles'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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Italian Edibles Cash-to-Debt Chart

Italian Edibles Annual Data

Trend

Mar21

Mar22

Mar23

Cash-to-Debt

0.24

0.02

0.01

Italian Edibles Semi-Annual Data
	Mar21	Mar22	Mar23
Cash-to-Debt	0.24	0.02	0.01

Competitive Comparison of Italian Edibles's Cash-to-Debt

For the Confectioners subindustry, Italian Edibles'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.

Italian Edibles's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

Italian Edibles 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.

Italian Edibles'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)
	=	2.244	/	(144.479	+	28.575)
	=	0.01

Italian Edibles'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)
	=	2.244	/	(144.479	+	28.575)
	=	0.01

Italian Edibles (NSE:ITALIANE) 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.

Italian Edibles Cash-to-Debt Related Terms

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

Italian Edibles Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Italian Edibles Ltd (NSE:ITALIANE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

https://www.ofcoursegroup.com

Italian Edibles Ltd is a confectionery company. It produces wide range of confectionery's such as Rabdi [Meethai Sweet], Milk Paste, Chocolate Paste, Lollipops, Candies, Jelly Candies, Multi-Grain Puff Rolls, Fruit Based products. It confectionery products are sold under the brand name of ""Ofcour's"". It also supplies Biscuit (wafer), dairy, ice- cream, confectionery products to many business houses in India.

Italian Edibles Headlines

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