Kritika Wires (NSE:KRITIKA) Cash-to-Debt : 0.63 (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Kritika Wires 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. Kritika Wires's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.63.

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

NSE:KRITIKA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.09 Max: 0.63
Current: 0.63

During the past 11 years, Kritika Wires's highest Cash to Debt Ratio was 0.63. The lowest was 0.00. And the median was 0.09.

NSE:KRITIKA's Cash-to-Debt is ranked better than
60.1% of 614 companies
in the Steel industry
Industry Median: 0.45 vs NSE:KRITIKA: 0.63

Kritika Wires Cash-to-Debt Historical Data

The historical data trend for Kritika Wires'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.

Kritika Wires Cash-to-Debt Chart

Kritika Wires Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

0.20

0.12

0.17

0.12

0.63

Kritika Wires Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial												0.17	N/A	0.12	0.12	0.63

Competitive Comparison of Kritika Wires's Cash-to-Debt

For the Steel subindustry, Kritika Wires'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.

Kritika Wires's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Kritika Wires's Cash-to-Debt distribution charts can be found below:

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

Kritika Wires 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.

Kritika Wires'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)
	=	253.134	/	(400.807	+	0.118)
	=	0.63

Kritika Wires'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)
	=	253.134	/	(400.807	+	0.118)
	=	0.63

Kritika Wires (NSE:KRITIKA) 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.

Kritika Wires Cash-to-Debt Related Terms

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

Kritika Wires (NSE:KRITIKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kritika Wires Ltd (NSE:KRITIKA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot-BG-12, Bus Terminus and Commercial Complex, Unit no. 201, 2nd Floor, AA-I, New Town Pride Hotel Building, Opposite to NOVOTEL, Kolkata, WB, IND, 700156

Website

https://www.kritikawires.com

Kritika Wires Ltd is engaged in the manufacturing of galvanized steel wires and wire products. The company is focused on exporting and supplying Industrial Steel. The company's products are used for the transmission and distribution of electricity, and the manufacturing of concrete slippers, poles, bridges, and other infrastructure facilities. The products of the company include Mild Steel Wire, GI Stay Wire, Spring Steel Wire, Barbed Wire, and others.

Kritika Wires (NSE:KRITIKA) Headlines

No Headlines